A couple million in, counting coins on the way out. - RecruitingBlogs2024-03-28T14:30:54Zhttps://recruitingblogs.com/forum/topics/a-couple-million-in-counting?commentId=502551%3AComment%3A765282&feed=yes&xn_auth=noHow much did RecruitHire buy…tag:recruitingblogs.com,2009-09-17:502551:Comment:7688762009-09-17T18:26:14.634ZLisa Kayehttps://recruitingblogs.com/profile/LisaKaye
How much did RecruitHire buy Dayak? I have some insight into the founders who have only been doing this for two years, raised some friends and family money and sold it in less time than it takes most companies to build a business? Sounds surprising and suspect to me given the market? No news on it anywhere when I google? Just curious.<br />
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<cite>Jim - medXcentral said:</cite><blockquote cite="http://recruitingblogs.ning.com/forum/topics/a-couple-million-in-counting#502551Comment768799"><div>Great…</div>
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How much did RecruitHire buy Dayak? I have some insight into the founders who have only been doing this for two years, raised some friends and family money and sold it in less time than it takes most companies to build a business? Sounds surprising and suspect to me given the market? No news on it anywhere when I google? Just curious.<br />
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<cite>Jim - medXcentral said:</cite><blockquote cite="http://recruitingblogs.ning.com/forum/topics/a-couple-million-in-counting#502551Comment768799"><div>Great topic coming out of this news piece. Thanks for bringing it up, Jason.<br/> <br/>
Jason.. you left me with a burning question though; What did you mean by "micropayments and escrow?" Can you clarify for me? As you know, I'm slooooowwwwwlllly working on something I hope will be of interest. And, of course, that's where my interest in this string comes from.<br/>
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Again.. great topic. I'll be watching for your answer (and any other replies.)<br/>
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Cheers.</div>
</blockquote> Great topic coming out of thi…tag:recruitingblogs.com,2009-09-17:502551:Comment:7687992009-09-17T16:31:20.092ZJim Cantohttps://recruitingblogs.com/profile/jimcanto
Great topic coming out of this news piece. Thanks for bringing it up, Jason.<br />
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Jason.. you left me with a burning question though; What did you mean by "micropayments and escrow?" Can you clarify for me? As you know, I'm slooooowwwwwlllly working on something I hope will be of interest. And, of course, that's where my interest in this string comes from.<br />
<br />
Again.. great topic. I'll be watching for your answer (and any other replies.)<br />
<br />
Cheers.
Great topic coming out of this news piece. Thanks for bringing it up, Jason.<br />
<br />
Jason.. you left me with a burning question though; What did you mean by "micropayments and escrow?" Can you clarify for me? As you know, I'm slooooowwwwwlllly working on something I hope will be of interest. And, of course, that's where my interest in this string comes from.<br />
<br />
Again.. great topic. I'll be watching for your answer (and any other replies.)<br />
<br />
Cheers. I think there are very differ…tag:recruitingblogs.com,2009-09-17:502551:Comment:7686812009-09-17T14:53:02.164ZGerry Crispinhttps://recruitingblogs.com/profile/GerryCrispin
I think there are very different marketplaces evolving. One marketplace involves a firm (Large and small) with a strategy to support as few internal recruiters as possible. They want at least one "partner" (unless they have a good vendor management model) to coordinate the finding and presenting in order to maximize the relationship between the hiring manager and the external recruiter - as it relates to making a great hire.<br />
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Another marketplace is the firm whose investment in internal…
I think there are very different marketplaces evolving. One marketplace involves a firm (Large and small) with a strategy to support as few internal recruiters as possible. They want at least one "partner" (unless they have a good vendor management model) to coordinate the finding and presenting in order to maximize the relationship between the hiring manager and the external recruiter - as it relates to making a great hire.<br />
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Another marketplace is the firm whose investment in internal recruitment services emphasizes their responsibility for full cycle with, at the least, the pivotal positions that drive company performance. hey wan to monopolize the relationship to protect their interest and disintermediate external services.<br />
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Most firms, especially as they scale in size should be a hybrid and embrace both models and share openly where and how they work. It's in these gaps that most of the issues and problems are to be found. IMHO I think that many companies l…tag:recruitingblogs.com,2009-09-17:502551:Comment:7686582009-09-17T13:39:48.186ZJoe Stubblebinehttps://recruitingblogs.com/profile/JoeStubblebine
I think that many companies look less at the "talent and wisdom" of the recruiter who is doing the sourcing\screening\interviewing, than they do the potentially huge savings of a recruiting marketplace such as Dayak and Bountyjobs. However, it's all about the people.<br />
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There will always be new models that put downward pressure on pricing; Help-U-Sell is great example of a company that has been successful pushing down the average of 6-7% realtor fees associated with selling a home. However,…
I think that many companies look less at the "talent and wisdom" of the recruiter who is doing the sourcing\screening\interviewing, than they do the potentially huge savings of a recruiting marketplace such as Dayak and Bountyjobs. However, it's all about the people.<br />
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There will always be new models that put downward pressure on pricing; Help-U-Sell is great example of a company that has been successful pushing down the average of 6-7% realtor fees associated with selling a home. However, although a discount broker may cut into the market share for traditional firms like ReMAX and Century 21, the agents at those firms quickly reacted and have been more open to accept reduced fees. The market will shake out these models to determine a business's viability. But, more importantly, the consumer wins. for sure there is and I don't…tag:recruitingblogs.com,2009-09-16:502551:Comment:7652822009-09-16T19:42:53.716ZSlouchhttps://recruitingblogs.com/profile/Slouch
for sure there is and I don't think the solution includes redefining how a recruiter does his job or redefining the economics that currently work. I think the opportunity is in motivating to a greater degree interest for all parties involved to be left with a successful hire. Integrating micropayments and escrow into the process is the first step.<br />
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<cite>Jonathan Goodman said:…</cite>
for sure there is and I don't think the solution includes redefining how a recruiter does his job or redefining the economics that currently work. I think the opportunity is in motivating to a greater degree interest for all parties involved to be left with a successful hire. Integrating micropayments and escrow into the process is the first step.<br />
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<cite>Jonathan Goodman said:</cite><blockquote cite="http://recruitingblogs.ning.com/forum/topics/a-couple-million-in-counting#502551Comment763586"><div>That makes senses. So, my next question is, is there a technology or a place for another party in that equation that supports, not obviates, that "artful communication?" Or, are such endeavors simply solutions in search of a problem where none exists?</div>
</blockquote> That makes senses. So, my nex…tag:recruitingblogs.com,2009-09-16:502551:Comment:7635862009-09-16T17:31:04.656ZJonathan Goodmanhttps://recruitingblogs.com/profile/JonathanGoodman
That makes senses. So, my next question is, is there a technology or a place for another party in that equation that supports, not obviates, that "artful communication?" Or, are such endeavors simply solutions in search of a problem where none exists?
That makes senses. So, my next question is, is there a technology or a place for another party in that equation that supports, not obviates, that "artful communication?" Or, are such endeavors simply solutions in search of a problem where none exists? Hey Jonathan. Im not sure if…tag:recruitingblogs.com,2009-09-16:502551:Comment:7634792009-09-16T17:19:24.540ZSlouchhttps://recruitingblogs.com/profile/Slouch
Hey Jonathan. Im not sure if "adding"efficiencies" is what these companies are looking to do. I think the language most of them use is that we have built this new system to eliminate the inefficiencies of how placements get made.<br />
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What they call inefficiencies I call beautiful and that is the dialogue and the artful communication that gets placements done. It's very attractive to some hr folks to not ever have to talk to a recruiter. Its a great thing to some recruiters to not ever have to talk…
Hey Jonathan. Im not sure if "adding"efficiencies" is what these companies are looking to do. I think the language most of them use is that we have built this new system to eliminate the inefficiencies of how placements get made.<br />
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What they call inefficiencies I call beautiful and that is the dialogue and the artful communication that gets placements done. It's very attractive to some hr folks to not ever have to talk to a recruiter. Its a great thing to some recruiters to not ever have to talk to HR. When you try to eliminate this, it all goes to shit fast and usually often.<br />
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<cite>Jonathan Goodman said:</cite><blockquote cite="http://recruitingblogs.ning.com/forum/topics/a-couple-million-in-counting?page=1&commentId=502551%3AComment%3A763274&x=1#502551Comment763274"><div>You know, you make a really good point. Lots of companies have started in the hopes of "adding efficiencies" to the $8B (last year's number?) contingency recruiting market. I guess that means that they want a take at the expense of the third party recruiter.<br/> Jason, what's your take? Is there a case for efficiency that does NOT take away from the earning potential of third party recruiters? I know you believe recruiters should have the opportunity to make lots of money - and I agree...</div>
</blockquote> You know, you make a really g…tag:recruitingblogs.com,2009-09-16:502551:Comment:7632742009-09-16T16:49:51.682ZJonathan Goodmanhttps://recruitingblogs.com/profile/JonathanGoodman
You know, you make a really good point. Lots of companies have started in the hopes of "adding efficiencies" to the $8B (last year's number?) contingency recruiting market. I guess that means that they want a take at the expense of the third party recruiter.<br />
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Jason, what's your take? Is there a case for efficiency that does NOT take away from the earning potential of third party recruiters? I know you believe recruiters should have the opportunity to make lots of money - and I agree...
You know, you make a really good point. Lots of companies have started in the hopes of "adding efficiencies" to the $8B (last year's number?) contingency recruiting market. I guess that means that they want a take at the expense of the third party recruiter.<br />
<br />
Jason, what's your take? Is there a case for efficiency that does NOT take away from the earning potential of third party recruiters? I know you believe recruiters should have the opportunity to make lots of money - and I agree...