Startup Ideas – Jobvite Marketplace
I love startups, and I love entrepreneurship. I’m not alone in this, and I’m not alone in coming up with sometimes good and mostly bad ideas for startups. A lot of times, the startup idea is only a slight change to an existing model, but one I thought would really revitalize that model.
I’ve decided to start publishing those ideas, in the hopes that maybe it helps someone get inspired, or maybe someone wants to steal it even! I’m going to start with a recent idea:
Trying to build a team has been pretty hard to accomplish. There are a lot of reasons I don’t want to go into, but one of the main reasons is I simply don’t get the talent I need in the door. I went to a big data event recently, and I realized the candidates that our company might turn down would be absolute A+ candidates for the people I talked to at “Old School Insurance Company A.” On top of that, the people being barely turned down to Tesla and Google have a spot on my team any day.
You create a marketplace behind a Jobvite like system. Recruiters “subscribe” to Job Requisitions from other companies. They can bid to be the first company that gets to reach out to candidates that get rejected for that job given they fit certain criteria. The company with the initial rejection gets paid in the normal recruitment industry way. As a company subscribed to a requisition, you get to put some restrictions on who you bid on. Overall rating, technical expertise, communication, etc.
Here’s an example:
Job: Google Python Engineer
Ability to lead projects:
In this example, I’m looking for someone Google turned down, but someone that was likely turned down simply because they don’t have the coding experience that is needed to be an Engineer at Google. For me, the programming that my team is doing is not overly complicated. Plenty of Google rejections that are rated a 3/4 on their programming scale are easily able to handle what we might throw at them for this particular job.
As a person trying to find a job, all you’ll see is “Company X is interested in you for Job Y. Do you have any interest?” You look at the job description, and if you are interested you go into their pipeline and begin the interview process.
That’s the basic rundown for the idea. Of course there is more, but this should be enough to get your thoughts flowing!