Jan 1, 2016

MyHiringBox Startup Pitch 2016

myhiringbox wiki pic

STARTUP NAME*:Myhiringbox Technologies Pvt. Ltd.
APP / PRODUCT NAME:MyHiringBox
What does the company do?*:MyHiringBox.com is not a Staffing Agency but an online cloud based Recruitment Marketplace for Hiring Smart Talent.

It enables employers to crowd-source their recruitment efforts in an open marketplace, facilitating interaction with independent recruiters, recruitment agencies and everyday people who are incentivized to recruit on behalf of the employer.

Using MyHiringBox:

Employers can work with reputable independent recruiters, recruitment agencies and everyday people around the world to find the right candidates for their company. It also gives them a chance to do marketing of their company to the candidates

Independent Recruiters & Staffing Agencies can Redirect time consuming and costly sales efforts into what actually makes them money – placing candidates.

Job Seekers can apply to open positions on MyHiringBox and get paid.
What big problem does it solve?:Global recruitment industry is a $416 billion industry with India contributing around $10 billion annually with 21% CAGR for permanent hiring.(Temporary hiring market could be around 5-7 times bigger) In this fast pace environment, companies wants to hire fast and best talent as delayed recruitment are impacting organizations worldwide and its effect on companies experiencing growth. Traditional recruitment processes involve hiring in house recruitment teams, contracting to third party agencies, reaching out to candidates through referral programs, buying database access points through job portals & also utilizing social media channels like LinkedIn etc. while spending enormous amount of money and energy, companies are still struggling to hire the right candidate & the reasons could be quality of candidates, scanning through SPAM, bandwidth issues, Fee negotiation & back outs etc. We envision streamlining all these challenges by creating a global recruitment market place where in employers can post their jobs & the worldwide community of recruitment agencies, individual recruiters & job seekers can submit their profiles which are scrutinized further by our profile matching algorithm and pre-screening team to make hiring faster, easier and scalable. In nutshell, it‘s a one stop shop for complete recruitment activities.
What is unique about the company?:Our product is an online cloud based Recruitment Marketplace for Hiring Smart Talent. which enables employers to crowd-source their recruitment efforts in an open marketplace, facilitating interaction with independent recruiters, recruitment agencies and everyday people who are incentivized to recruit on behalf of the employer. Employers can work with reputable independent recruiters, recruitment agencies and everyday people around the world to find the right candidates for their company. It also gives them a chance to do marketing of their company to the candidates Independent Recruiters & Staffing Agencies can Redirect time consuming and costly sales efforts into what actually makes them money placing candidates. Job Seekers can apply to open positions and get joining bonus. Our Product is an India-based technology company devoted to making recruitment faster and easier for its users, and delivering world class customer service with a cheerful edge.
What is the actual addressable market?:Each stakeholder within the recruitment industry is our primary customer. Employers can post their job for negotiated fees. Recruitment agencies can work & post their requirements for a fee to the worldwide community to work. As per industry stats, global recruitment market is around $416 Billion with India contributing around $10 Billion & APAC market is little below $100 billion. This market is growing @ 5.6% globally and 21% CAGR in India YoY. Since, attrition contributes to around 20%-25% of the hiring churn. This industry seems to grow by leaps & bounds especially in the developing economies. Generally in Indian recruitment industry, average placement fees ranges from 5% to 30% of annual salary based on entry level, Mid level and executive positions.
Why do users care about your product or service?:Using MyHiringBox:

Employers can work with reputable independent recruiters, recruitment agencies and everyday people around the world to find the right candidates for their company. It also gives them a chance to do marketing of their company to the candidates

Independent Recruiters & Staffing Agencies can Redirect time consuming and costly sales efforts into what actually makes them money – placing candidates.

Job Seekers can apply to open positions on MyHiringBox and get paid.
What early traction has the company gotten?:We have 30 clients and 200 Recruitment Agencies + recruiters on Board. Positions opened closed to 100
What are the key differentiated features of your product or service?:We streamline all the challenges faced in Recruitment by creating a global recruitment market place where in employers can post their jobs & the worldwide community of recruitment agencies, individual recruiters & job seekers can submit their profiles which are scrutinized further by our profile matching algorithm and pre-screening team to make hiring faster, easier and scalable. In nutshell, a one stop shop for complete recruitment activities
Company Web Site:www.myhiringbox.com
Founders Name*:Jatinder chimni

Founders Official Email *:jatinder.singh@myhiringbox.com

0 comments:

Post a Comment

Twitter Delicious Facebook Digg Stumbleupon Favorites More

 
-