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RUMEDGE
CANDIDATE SEARCHING, MADE SIMPLE.
PROBLEMS
• Garbage In, Garbage Out (GIGO): it’s hard to get clean
data from resumes and CVs when so many people pad
out, embellish or downright lie on them.
• Cognitive Bias: many people have trouble finding work
due to biases of interviewers, hiring managers and
recruiters, such as racism, sexism and ageism, be they
conscious or unconscious.
SOME EXAMPLES
MORE EXAMPLES…
SOLUTION
Search engine that returns candidates with
validated skills and experience claims.
Candidate hiring solution
VALUE PROPOSITION
• Saves time
• The hiring process on average takes 23 days, can take up
to 11 weeks and is getting longer all over the world; four
years ago the average was 13 days.
• Projects can be completed more quickly as team is formed
more rapidly
• Saves hiring costs
• Hiring commission fees of up to 35% have been reported
• Average hiring commission fee is 10-16% of total salary
• Prevents incurring further costs for re-hiring
• Minimises opportunity costs
RISK MITIGATION: HIRING
MANAGERS
• Data security to protect personal and other sensitive
information
• Anonymity of potential employees to minimise litigation
risk on grounds of discrimination
• Increases fair and equitable employment behaviour of
hiring managers
• Less likely to make poor hiring choices
RISK MITIGATION: JOB SEEKERS
• Data security to protect personal and other sensitive
information
• Anonymity of potential employees to minimise litigation
risk on grounds of discrimination
• Increases fair and equitable employment behaviour of
hiring managers
• Fairer job competition; more likely to get the right job for
them
• Lower risk of unemployment
TARGET MARKET
• We are focusing on hiring managers and employees in the
IT industry.
• Hiring managers – those who are looking for specific
skills, and want to ensure their potential employees are
actually competent in these skills, rather than just
claiming to on their resume or CV in order to get a job.
• Employees – those who want to find work, and want their
skills to be recognised, validated and valued.
• Online courses – those that want more people to use their
services in order to validate their technical or other skills.
BUSINESS MODEL
AREAS OF POTENTIAL GROWTH
• Partnership with psychometric assessors and behaviour
analysts to use behaviour and attitude as an additional
employment criteria
• Partnership with Massive Open Online Course (MOOC)
creators, such as Coursera, udemy, edX, Khan Academy
and Udacity, to refer employees to validate skills that they
are otherwise unable to validate
SOURCES
• www.fastcompany.com/3048421/hit-the-ground-running/why-the-hiring-process-
takes-longer-than-ever
• https://services.anu.edu.au/files/guidance/the-cost-of-a-poor-hiring-decision_0.pdf
• https://services.anu.edu.au/human-resources/salaries-benefits/professional-
general-staff-casual-rates
• https://services.anu.edu.au/human-resources/enterprise-agreement/schedule-1-
academic-staff-salary-schedule
• http://forums.whirlpool.net.au/archive/2044081
• http://time.com/money/3995981/how-many-people-lie-resumes/
• http://thenextweb.com/insider/2016/02/11/zenefits-ceo-quit-after-investigation-
found-a-fake-legally-required-training-program/
• http://www.techradar.com/au/news/internet/scott-thompson-quits-as-yahoo-ceo-
following-fake-degree-controversy-1080165
• http://recruitingdaily.com/garbage-in-garbage-out-why-changing-your-ats-wont-
solve-your-recruiting-problems/
• https://www.wired.com/2013/03/hiring-women
• http://www.theage.com.au/business/workplace-relations/unconscious-bias-in-the-
workplace--a-hidden-source-of-unfairness-in-job-interviews-20160413-go5bo2.html

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Rumedge PPP

  • 2. PROBLEMS • Garbage In, Garbage Out (GIGO): it’s hard to get clean data from resumes and CVs when so many people pad out, embellish or downright lie on them. • Cognitive Bias: many people have trouble finding work due to biases of interviewers, hiring managers and recruiters, such as racism, sexism and ageism, be they conscious or unconscious.
  • 5. SOLUTION Search engine that returns candidates with validated skills and experience claims. Candidate hiring solution
  • 6. VALUE PROPOSITION • Saves time • The hiring process on average takes 23 days, can take up to 11 weeks and is getting longer all over the world; four years ago the average was 13 days. • Projects can be completed more quickly as team is formed more rapidly • Saves hiring costs • Hiring commission fees of up to 35% have been reported • Average hiring commission fee is 10-16% of total salary • Prevents incurring further costs for re-hiring • Minimises opportunity costs
  • 7. RISK MITIGATION: HIRING MANAGERS • Data security to protect personal and other sensitive information • Anonymity of potential employees to minimise litigation risk on grounds of discrimination • Increases fair and equitable employment behaviour of hiring managers • Less likely to make poor hiring choices
  • 8. RISK MITIGATION: JOB SEEKERS • Data security to protect personal and other sensitive information • Anonymity of potential employees to minimise litigation risk on grounds of discrimination • Increases fair and equitable employment behaviour of hiring managers • Fairer job competition; more likely to get the right job for them • Lower risk of unemployment
  • 9. TARGET MARKET • We are focusing on hiring managers and employees in the IT industry. • Hiring managers – those who are looking for specific skills, and want to ensure their potential employees are actually competent in these skills, rather than just claiming to on their resume or CV in order to get a job. • Employees – those who want to find work, and want their skills to be recognised, validated and valued. • Online courses – those that want more people to use their services in order to validate their technical or other skills.
  • 11. AREAS OF POTENTIAL GROWTH • Partnership with psychometric assessors and behaviour analysts to use behaviour and attitude as an additional employment criteria • Partnership with Massive Open Online Course (MOOC) creators, such as Coursera, udemy, edX, Khan Academy and Udacity, to refer employees to validate skills that they are otherwise unable to validate
  • 12. SOURCES • www.fastcompany.com/3048421/hit-the-ground-running/why-the-hiring-process- takes-longer-than-ever • https://services.anu.edu.au/files/guidance/the-cost-of-a-poor-hiring-decision_0.pdf • https://services.anu.edu.au/human-resources/salaries-benefits/professional- general-staff-casual-rates • https://services.anu.edu.au/human-resources/enterprise-agreement/schedule-1- academic-staff-salary-schedule • http://forums.whirlpool.net.au/archive/2044081 • http://time.com/money/3995981/how-many-people-lie-resumes/ • http://thenextweb.com/insider/2016/02/11/zenefits-ceo-quit-after-investigation- found-a-fake-legally-required-training-program/ • http://www.techradar.com/au/news/internet/scott-thompson-quits-as-yahoo-ceo- following-fake-degree-controversy-1080165 • http://recruitingdaily.com/garbage-in-garbage-out-why-changing-your-ats-wont- solve-your-recruiting-problems/ • https://www.wired.com/2013/03/hiring-women • http://www.theage.com.au/business/workplace-relations/unconscious-bias-in-the- workplace--a-hidden-source-of-unfairness-in-job-interviews-20160413-go5bo2.html

Editor's Notes

  1. This will be like Google… if Google could get you a job. Fast Company