Archive for the ‘Job’ Category

Zubka’s job referral engine gets millions

February 9, 2007

I had written about Zubka’s Job Search and Referral engine when it was just starting off in October last year and noted that it has “pretty good chances of success”. Zubka is already getting taste of that in form of Series A round of investment from Benchmark Capital Europe. Although exact financial terms were not disclosed, Zubka is supposed to have raised significant amount of cash. You can read my previous post to get details about Zubka’s recruitment process. Bottom-line is: signup for an account and refer as many as people possible before someone else does, since all the money revolves around how many people you can get in ūüôā

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Zubka to revolutionize job search

Links:
Zubka

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SimplyHired – Jobamatic’s Problamatics

January 24, 2007

  

SimplyHired(SH) today launched their Job-a-matic publisher network that plans to use blogging community to sell the job listing. Idea is great – SimplyHired  gets to outsource it’s job listing publicity, while bloggers earn their tidbits of $$s and also drive in more job listings. Setting up the service is pretty simple with ability to customize the look and results. You can checkout StartupSquad’s job board at SH by clicking here. However the solution is half-baked right now. Lets look at few reasons:

  1. As a publishers you don’t get to choose the companies whose ads get displayed on your publisher network. Once you give your keywords you  don’t have any controls over the jobs listings coming up. So companies like “Cybercoders Engineering” or “Medical Solutions, Inc” or “Company Unknown” can get included in your results. Soon you can have body-shoppers guessing your keywords to display useless results on your site. If I am going to use Job-a-matic, I want to display maybe 50 jobs, which are highly relevant to my area and companies are known to hire people in those fields. Also as an extension, existing SH advertisers should be able to contact me through the service to get their listing on my blog. Again, this might require a different revenue sharing model.
  2. Using a custom domain still redirects to your sub-domain located at SH/Job-a-matic. I think one of the aim of running a blog is to promote your own site and your own work, not SH. It would have been much better if SH had developed a widget based solution, where you can just drop the code to your site instead of setting up the redirect. Coghead and Wufoo are good examples of this methodology.
  3. Revenue sharing is way high — 50-50. SH is using my brand name to sell jobs, and still taking 50%. What SH is providing is just a platform that can display ads, do the payment processing, and some junk ads to your site from Step 1. I think this should come down a bit.
  4. This might be coming up soon, still I will mention that there is no indication on how publishers will get paid. PayPal, check,…..? It’s like you are launching a solution for real and you don’t even know how you want to pay your customers.

PowerReviews does something similar but for product reviews. It is a fully hosted/SaaS solution to enable commenting on products located on your e-commerce site. What do you get from the service? – 100% uptime, network effect, and best of all it is FREE.

Links:
Jobamatic
StartupSquad Job Board on Jobamatic

Zubka to revolutionize job search

October 16, 2006

Zubka has developed an interesting approach to recruitment process. Instead of trying to be a Job board or a Job aggregator, Zubka aims to use referrers to hook up recruiters with potential candidates. To match the position with the prospect Zubka is providing a financial motivation for referrers to introduce their friends and colleagues to great jobs. Zubka founded by David Shieldhouse and Armando Ruffini is based out of UK but does not limit the site by geographical locations.

Zubka plan is simple- Referrer should get paid for his effort, Employers should get a great¬†employee, and Prospect should land the perfect job. To get started with Zubka, you can either register yourself as a Referrer or¬†as¬†a Recruiter, both of which are free. Once you are inside Zubka as a ‘Referrer’, you can search for jobs and send any matching jobs to your Prospects. Prospects can be created on the fly or you can choose from your list of prospects, which you had sent email to previously. Once the job requirement is received by the prospect he/she can accept the requirement or just ignore it. If the prospect accepts to be submitted for the position, it will show up on your Zubka account page and you will be able to send the Prospect information to the hirer/Recruiter. While sending the information to hirer you can provide summary and details about the prospect. If the complete hiring process goes through successfully Zubka will reward you normally between 6 and 8 per cent¬†of the¬†starting salary of the prospect.¬†

For Recruiters, Zubka can be cheap option to post jobs as compared to Dice or Monster. You can buy various packages at Zubka with the cheapest costing only $450 for 10 postings which will show up for 4 weeks on Zubka.com. Recruiters can buy job posting credits according to the number of jobs they have or by the duration of time they need to advertise for. As soon as Recruiter saves and publishes these jobs, they will be available for¬†‘Referrer’ to search and recommend appropriate candidates.¬†Any prospective candidates information sent by the Referrer will show up on Recruiter profile page from where they can accept the matching candidates and go on to arrange an interview.

Zubka has a great plan in place for getting users to signup quickly. As as ‘Referrer’ you can start introducing your friends(Contact),¬†to Zubka.¬†Whenever your ‘Contact’ referrers a prospect successfully, you will receive 5% of the referral award the ‘Contact’ receives. Zubka is also motivating charities to¬†join by introducing¬† Zubka platform to their membership database for which charity will get paid on similar terms.

Overall typical fee breakdown is: Zubka gets 10% of the starting salary of the prospect. Out of this 80% goes to ‘Referrer’, 5%¬†to ‘Contact’, and 15% to Zubka.

From the feature perspective Zubka site has been designed very well with the ability to save search results, ability to quickly send jobs to prospects, set job email alerts based on keyword, complete message history and many other features. However there is no support for RSS and you need to depend on email alerts to get information about new jobs.

I feel Zubka has pretty good chances of success if it can get the ball rolling on either the Recruiter or Referrer side. 

Links:
Zubka

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News Corp buys Milkround

October 2, 2006

Online acquisition spree for News Corp seems to continue. News Corp announced today that it will be acquiring UK based job board Milkround.com. Milkround was launched in 1997 by Tom Hughes, targets students and graduates. Exact financial details of the acquisition were not disclosed.

News Corp had earlier invested $13.5 million in another US based recruiting site, Simply Hired. News Corp uses Simply Hired search engine to power MySpace Careers.

Links:
Milkround.com

Milkround

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