Dayak – The Recruiting Marketplace

Posted on June 11, 2008
Filed Under Companies |

Dayak is one of the most interesting companies I saw at the Launch Silicon Valley event yesterday. What I liked about it is that they don’t seek to disintermediate the recruiting market, they attempt to optimize the existing marketplace dynamics by enhancing the opportunity to recruiters (the intermediaries) to make more money through the ability to cast a wider net for new job listings.

Secondly, professional recruiters tend to focus only on management and high annual salary technical positions, which is not surprising considering that recruiter compensation is a function of flat fee and a variable fee tied to the salary of the position they are placing. Dayak is expanding into lower salary blue and white collar positions and having success at both posting job reqs and getting recruiters to actually submit resumes.

Neat company, something that I never would have thought would have interested me but after listening to the pitch I was sold.

Posting jobs is absolutely free and employers pick their own fee for a successful hire. Employers create a detailed job profile that gives recruiters the information they need to quickly identify the right candidate for the position. Once posted, employer jobs are only visible to a network of professional recruiters (not job seekers).

[From Dayak - The Recruiting Marketplace]

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