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Sourcr [SMART 100, 2017]

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This SMART 100 profile and the information it contains is a duplication of content submitted by the applicant during the entry process. As a function of entry, applicants were required to declare that all details are factually correct, do not infringe on another’s intellectual property and are not unlawful, threatening, defamatory, invasive of privacy, obscene, or otherwise objectionable. Some profiles have been edited for reasons of space and clarity.

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1. THE BEGINNING

This innovation initially came to life when…

The seed of the idea was sown during chats about our own experiences – as a recruiter and an employer respectively – and the difficulties we encountered from those different sides of the fence.
We’d noticed a fundamental disconnect: while recruiters were spending a lot of their time trying to find work, employers were struggling to find good recruiters. We spoke to other employers and recruiters and found that we weren’t alone in our frustrations.
So, blending technology with human interaction, we created a platform to bridge this gap

2. WHAT & HOW

The purpose of this innovation is to…

A recruitment marketplace and platform to better connect employers with recruitment experts. By taking the guesswork out of recruitment and increasing access we are focussed on getting the right people into the right jobs.

It does this by…

Employers can post job requirements to our marketplace of specialist recruiters.

Recruiters then apply to work on the role.

Employers can then review applications based on profiles including recruiter experiences and background as well as a rating system.

Our candidate tracking system manages candidate submissions, information requests and interview scheduling and job offers.

Communications flow through our internal messaging system.

3. PURPOSE & BENEFITS

This innovation improves on what came before because…

No company in Australia has successfully built a recruitment platform providing an open marketplace and candidate tracking system that work seamlessly.

We have also integrated with a number of other service/product providers in the recruitment space to position ourselves as a complete end to end outsourced recruitment solution.

Its various benefits to the customer/end-user include…
Sourcr provides:

Controlled universal Ts & Cs taking the stress out of recruiter negotiation.

Increased access to specialist recruiters which in turn opens a wider talent pool.

Engagement confidence through information and ratings
Reduced time to hire through workflow efficiencies.

4. COMPETITIVE LANDSCAPE

In the past, this problem was solved by…

Other solutions are less integrated and technology focussed. All other marketplaces are managed via business development managers matching employer requirements to recruiters via a referral process which threatens transparency.

Candidate Tracking Systems are managed independently to other software and are only accessible by larger corporations and recruitment agencies.

Sourcr has integrated the two systems and made it accessible to all.

Its predecessors/competitors include…

Recruitloop
TalentVine
The Search Party

5. TARGET MARKET

It is made for…

Our target market is business who have experience with recruiters or who need support in the hiring process.

Target Location: Currently Australia with APAC in next 18-24 mths

Target Business: SME’s 30-500 staff. However we have ongoing discussions with large multi-nationals as the solution benefits all.

Target industries: Tech, Finance, Marketing, Sales. However the platform is beneficial to all and we have over 300 recruiters from various specialisations that can support job requirements

It is available for sale through…

The platform is available through www.sourcr.com.

It is completely free for user to register and post job requirements.

We work on a success only model where a fee is only due when a successful placement is completed.

Our marketing strategy is to…

Though our various networks affiliations we have amassed a lot of interest in the product. This coupled with partnerships with other aligned Tech HR businesses for referrals

We focus on LinkedIn and Seek as business development channels.

Digital marketing is largely content strategy pushed via social media and some focus on AdWords/SEO currently.

FINE PRINT: This SMART 100 profile and the information it contains is a duplication of content submitted by the applicant during the entry process. As a function of entry, applicants were required to declare that all details are factually correct, do not infringe on another’s intellectual property and are not unlawful, threatening, defamatory, invasive of privacy, obscene, or otherwise objectionable. Some profiles have been edited for reasons of space and clarity.

Maven Judge Vote: Recruitment Marketplace – Smart 100 2017
(Please note – The form below is for judging purposes only and is restricted to the public)

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