, a premier job matching platform with more than 60 million users worldwide, today announced it will be progressing to a blockchain-based platform with the mission of entirely eliminating recruiters’ roles in the permanent hiring process.
The typical 20 per cent fees charged for the recruitment process will now be reduced to only six per cent. This will be payable by the hirer for employing the candidate and 80 per cent of that fee is redistributed to the successful hire as a signing bonus. The new platform launch is set for Spring 2018.
“The last time the recruitment industry saw innovation was at the advent of the internet and it has been ripe for disruption for some time,” co-founder Paul Sloyan said. “With the current model, candidates and companies are spammed with fake listings, strung along by commission-driven recruiters, or inundated by irrelevant applications. Coupling blockchain with our existing job matching technology enables a much needed shift, allowing us to remove recruiters from the equation entirely and focus on the only two parties in the hiring process that actually matter– the hirer and the jobseeker.”
With the benefits of a blockchain-based platform, Job.com will allow candidates to have increased privacy and control over their data such as contact information, experience, skills/qualifications and the peace of mind that their resume will never be sold to third parties without their consent. Integrating blockchain will also give companies looking to hire access to Job.com’s proprietary matching technology, along with the ability to create highly curated shortlists of relevant candidates, negotiate benefits through smart contracts, and execute the hire.
Read the full article in *Bankless Times