@andyfortson How will the Influencers be any different than recruiters? What happens when friends make a bad referral or get blamed for referring someone that wasn't very good so they could get paid for the interviews?
It seems like there is room for conflict of interest within interpersonal relationships trying to convince your friend to take a job that he/she might not be suitable for in order to get $20,000 or even $100 - $300?
I'm interested to hear other thoughts as I'm clearly very biased.
@nzieber Hey Nick - Thanks for the interest in what we're doing. Influencers are different because we only select people that have actually worked the job to help place for it. Marketers placing marketers, dev's to dev's etc. They actually have worked the job so they understand it exponentially better than most staffing agencies.
People know who in their own network is looking vs. a recruiter cold calling, hassling and haggling. Our influencers are vetted, extremely connected and would never burn their social capital for a referral check. The carrot of "Commission" is just a way to reward them for something they do every day, and incentivizes them to act.
What's to stop a recruiter for trying to convince a candidate to take a job for $30-50K? There is no barrier there. They don't get paid unless a butt is in that seat and it's their sole source of income.
We feel like our model is better. It's a simple ask. Influencers aren't salespeople. They have other jobs, are doing other things, and view this is a way to have a place to help their network. Something they already do, every day. It happens internally in companies already, why can't it work externally? Should they get compensated for that action? Absolutely. Why? Because staffing agencies make double for the same, exact action.
We simply created a market for something people already do, every day, and since a market already exists, why shouldn't people have the opportunity to earn something for the same action recruiters are doing?
Simply put: Who's more qualified to place a VP of Marketing? 15 current Vp's of marketing, CMO's and marketers? Or a recruiter?
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@andyfortson I'm pretty sure this is still an iteration of the current recruitment model. I would say there are a few assumptions that don't remedy the problem.
1) Influencers understanding the roles better doesn't inherently attract candidates.
2) There is no guarantee influencers will continually participate
3) Influencers are also compensated if a butt is in the seat
Seems like the standard recruitment model to me. There are plenty of recruitment firms who hire ex-Engineers, Marketers, Lawyers, Bankers etc. to recruit.
The real question for candidate to ask him/herself is whether or not the position is a great opportunity. If so, then great.
@nzieber Agree 100%. It's a definite iteration of the current recruitment model. Who said it wasn't?The same way uber is an iteration of the "book a cab" model...
1) That's fine. Traditional recruiters don't attract talent for every postion. I would bet a network outperforms a firm 99.9% of the time though.
2) Yes. That's true and where tech plays in. As the network scales so does our ability to place and guarantee participation.
3) That's true too. But compensation for Influencers doesn't mean making ends meet. Different incentives.
When the VP of DIgital for company "x" refers friend "y" because he's knows he's looking and would do well, they both win. When a contingency recruiter's only way of making a dollar is to fill an open postion = misaligned incentives. There is a clear difference here.
No one ever claimed it was a different model. But a better model? We stand behind that. 100%. And that's what we've built.
Better talent. Faster. For less investment.
That's what we guarantee.
We all know recruiters suck. We're trying something new. We're crowdsourcing job candidates through influencer referrals. Basically the influencers on the platform are alerted of new positions open at some awesome companies. They can refer their friend for the job and then make money when the friend gets the interview ($100-300) and gets hired ($4k-20k). Helps eliminate recruiters who don't understand the skillset needed for the job they're hiring for, expands companies' current referral network, and rewards the individuals making the connection. We currently have some pilots running in LA, Chicago, Indianapolis, Cincinnati, Tampa, and have a number of others coming up soon. Join as an influencer at http://huntclub.co/influencers or email me if your company is interested in trying this out for your new hires at afortson@huntclub.co.
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@andyfortson Looks awesome! Have applied to be an influencer.
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@andyfortson@huntclub I really hate that statement that all recruiters suck. Not all recruiters suck. From what I can see about your product, all this is sourcing funnel for an agency. There is nothing innovative here.
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