Crowd Source Recruiting & Jobs Platform Listed for Sale on CrowdMnA

Venture Age 12/2019

London, City of, United Kingdom Internet Other

Crowd Source Recruiting & Jobs Platform

https://hiringcrowd.com
Venture name

Stage of development

Coding

Cash Invested

Employees

Pre-revenue

7 - 12 months

£10,001 - £15,000

0

Own an innovative online recruitment marketplace platform, built with a vision to disrupt the $500B recruitment industry. Ready for an entrepreneur or team to take it to the next level. 1. Seller Bio The founder is an experienced consultant with over 15-years of experience and has worked for a global big 4 consultancy - Previously exited a social location-based mobile app platform, that was a semi-finalist in facebook backed competition. An entrepreneur and advisory board member of a FinTech investment platform in the crypto space. 2. Executive Summary HiringCrowd is an innovative online marketplace that connects employers to a network of recruiters to "Crowd Source" candidates to fill their urgent job vacancies., enabling them to fill vacancies faster, at the lowest fees. High-Level Pitch (Investor pitch deck available for the buyer if required.) The problem we're trying to solve - Globally employers loose $65B every year, due to unfilled job vacancies (Source: Glasddoor.com). This is due to the lack of quality candidates on existing job boards. Fo rmany employers candidate hiring is time-consuming with high recruitment fees charged by recruitment agencies. Our solution - We have created a unique online platform where employers can connect with a network of trusted independent recruiters, to crowd-source pre-vetted candidates, enabling job vacancies to be filled faster, at lower fees. How It Works (Crowd-sourced hiring) 1. Employer posts a job vacancy they want to fill with relevant details, with the option to set a recruiter fee budget as a fixed fee or percentage. Recruiters are notified of the job posting 2. Recruiters on the platform can submit pre-vetted candidates that match the vacancy requirements, from their existing candidate's pool who may have already been referenced and background checked in advance. They can choose to accept the employer's fee or propose a fee a submit a proposal offering flexibility to both parties. (Employers can manage the recruiter selection pipeline and communications all within the platform.) 3 . After the selected candidates are hired, the employer can leave feedback and reviews on the candidate's profile, agency profile, and vice versa. (360-degree review and feedback system) ensuring trust and quality of work. This saves employers time and money as they are able to hire candidates in half the time, based on their set budget. Crowdsourcing enables them to reach out to a large number of recruiters at once. 4. After the agreed period, employers make payment to HiringCrowd who release funds to the recruiters less a commission fee of 10%. As an example, if 2600 candidates a year are hired on the platform, this converts to revenue of $1.2M per year based on average industry recruiter earnings per placement. (Based on day rate contractors). This highlights the huge revenue potential of the platform. This a platform and concept with HUGE potential and the owner is only selling due to unexpected family financial issues and time constraints to work on it. The market is rapidly growing - https://economictimes.indiatimes.com/jobs/crowdsourced-recruitment-gaining-momentum-experts/articleshow/62872301.cms?from=mdr The owner is selling due to family issues & time

Visit the website
Seller’s Q&A
Auction
Current price
£2,500
Reserve
£4,500
Bids
0
39 days left
2.5% of sale proceeds