innovation spotlight: thejobpost

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thejobpost.co.uk | Connecting employers and recruiters Innovation in your recruitment supply chain. Learn to love recruiters again.

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Page 1: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

Innovation in your recruitment supply chain.

Learn to love recruiters again.

Page 2: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

Page 3: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

1. The problem we identified

Page 4: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

The way employers hire and use agencies has changed rapidly.

This has led to major changes in the £30bn UK recruitment sector.

But no one has worked out how to adapt, and how to work together better.

Page 5: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

There has been an explosion in recruitment start-ups….

2013 2014 2015 2016 (f)

1489

4083

5110

6780

Page 6: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

and most recruiters are now micro businesses

25%

75%

% >10 FTE % <10 FTE

Page 7: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

Our conclusion:The days of building Preferred Supplier Lists are over. The recruiter you need is different. It’s time for change.

Page 8: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

50%

Employers unable to fill specialist roles through the PSL

Page 9: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

64%

Employers rejecting relevant candidates for Procurement reasons

Page 10: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

34%

Employers moving away from rigid PSL

because it doesn’t work

Page 11: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

Page 12: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

ExpertOpinion

Page 13: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

2. How we solve it, and the evidence

Page 14: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

Creating a platform marketplace

EmployersWe enable businesses to work with the best suppliers, access

better talent, and be more efficient.

Recruitment SuppliersWe help recruiters build new customer relationships and

increase revenue opportunities at a low cost of sale.

Page 15: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

Principles of a platform marketplace1.Remove points of friction to improve

speed2.Match buyers and sellers more efficiently 3.Make service quality transparent4.Never stop improving

Page 16: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

How it works:1. Employers create the job,

set fee level and choose how many & if there are specific recruiters are required.

2. Recruiters are then identified and contacted by our team.

Page 17: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

How it works:3. Recruiters see full job details,

fees and terms, & provide feedback.

4. The selected recruiters accept terms and get briefed.

5. Talent gets sourced, and TheJobPost sorts out invoicing and compliance.

Page 18: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

Page 19: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters thejobpost.co.uk | Connecting employers and recruiters

“Working with additional suppliers when we need them is agile and time-efficient. We source scarce roles using the aggregated supply chain on demand.”Head of Resourcing, UK

84% fill rate

Reduction in cold

calls

Page 20: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters thejobpost.co.uk | Connecting employers and recruiters

“TheJobPost are a vital part of our supply success. Your recruiters have sourced some amazing people for us, it’s been brilliant.”Group Head of Talent

500% growth in fill rate

Agile community

of specialists

Page 21: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters

ExpertOpinion

Page 22: Innovation Spotlight: TheJobPost

thejobpost.co.uk | Connecting employers and recruiters thejobpost.co.uk | Connecting employers and recruiters

The Verdict?