Very interesting things are percolating in the United States, which could have the potential to transform recruitment as we know it. The topic du jour in the blogging world is of Californian tech startup, NotchUp, which plans to officially launch later this month. Their site is currently in pre-release beta and is invite-only. I had a sneak-peak through their site yesterday and was impressed with what I saw.
The premise behind NotchUp reminds me of a story I heard recently about a company in the US. This company sent a star candidate at a competing company a personalised letter from the CEO and an iPod as a gift. This all happened prior to the first interview! This example really illustrates to me how employers are thinking outside the square in the competitive war for talent. NotchUp itself gives employers a way to reach the large market of passive jobseekers – those who are currently working elsewhere and haven’t put themselves on the job market, but may be enticed to change roles if they receive a better offer. The incentive with NotchUp is that they will be paid by an interested employer, at a level that the jobseeker determines, just to attend an interview. It could be a million dollars (but typically a few hundred to a few thousand) for say a half-hour interview. The site provides a calculator that takes into account things like experience, skills and salary to help jobseekers arrive at an OK figure. Show me the money!
The popular web 2.0-focused blog Techcrunch describes the process well:
“Setting up a profile is easy, especially if you already use LinkedIn. NotchUp just imports your LinkedIn profile, you set your price, and you are ready to go. Any friend you refer to the site who gets an interview earns you a 10 percent referral fee. As employers search the site, they can make offers to interview you, which you see in your inbox. You can choose to only get offers from corporations, or from headhunters as well. And you can block recruiters from any particular company (like the one you currently work for) from seeing your profile. The service is free for job seekers, and companies pay NotchUp a fee for each resulting interview.”
I’m sure this model will be attractive to active jobseekers as well. The trick will be to entice those passive jobseekers, but I guess money talks. For those employers who think paying a candidate is an outrage, one has to ask: Is paying a recruitment agency necessarily any better? An agency typically offers a broader service, but those elusive passive jobseekers aren’t necessarily registered with an agency in the first place. Agencies may even become users of this service if it takes off.
Techcrunch readers have voiced possible concerns around the practical delivery of this model, some of which I share. I suggest you read through the comments on Techcrunch.
Interesting times!
Paul Jacobs
Engage