The Internet has spurred many new, employment related businesses to flourish in the past twenty years, some with great financial success Small start-up HR and recruitment/placement technology firms are receiving two to three times (or more) their revenues in new investment from private sources. Many ask, “What gives?
Thursday, January 7th… FIRST Session of 2016… Embracing The OTHER Job Market… A terrific way to ramp up your efforts in the New Year as this is the session where we cover basic philosophies and run through the entire 12-Step Process.
Placement numbers have barely budged in relative terms, and the job seeking public has become disenchanted and frustrated by this new digitized process that has created a huge ‘black hole’ from their perspective.”
Much is prophesized by the many investors who represent huge sources of capital, and the conversation inevitably leads to “Why can’t real technology do to EMPLOYMENT what it has done to so many other businesses?”
Why can’t the capital and the smarts of Wall Street and Silicon Valley figure out how to disrupt traditional approaches to sourcing, recruitment, and the on-boarding of new employees and drive huge valuations for their efforts? After all, it has worked almost everywhere else.
Corporate recruitment and hiring is a transaction that is infrequent, complex, and fraught with downside when things go wrong—driving consumers to use someone who knows how to reduce their fears, doubts, and threats and help them get a result they want: the smoothest employment transaction possible.
However, the process, itself is flawed and dysfunctional.
That’s it: a great $multi-billion business, an oversupply of money, and investors who want to disrupt an industry and hopefully make a fortune doing it. Who knows, these smart investors may be right, and one of them will find the key to take the middleman out of this business and make a fortune.
Or, they may be one of many who have come before and not quite found a way to do so. Just don’t get hung up on the efficiencies promised in today’s market… they too will pass.