Hiring-Hub.com eyes 10m turnover with online recruitment portal
Hiring-Hub.com eyes £10m turnover with online recruitment portal
ENTREPRENEURS Simon Swan (32) and Sara Jones (28) are on track for a £10m turnover with their award-winning online business that connects employers to jobseekers, via a national network of specialist recruitment agencies.
Hiring-Hub.com enables employers to reach hundreds of thousands of candidates through an approved network of recruitment agencies who submit their most suitable candidates and compete to fill an employer’s vacancy for a fixed fee the employer sets.
The site has more than 500 registered employers and more than 800 specialist recruitment agencies in the UK.
Clients include Morrisons, Iceland, YouGov, Gocompare.com, Sport England, Fujifilm, AMEC, Ryman and printing.com.
Hiring-Hub.com recently received private equity investment worth £500,000 to invest in infrastructure, staff and new premises in Manchester. The business plan is to register 1,000 employers and 2,000 recruitment agencies before the end of 2013. The business is on target to turnover £ 1.4m this year, £4.7m next year and £10m before the end of 2016.
Simon Swan, co-founder, said:
“We’re providing an easy, low cost way for employers to recruit. We believe 90 per cent of all businesses should recruit online via a model like ours. The employers get their jobs filled quickly at a price they don’t begrudge paying, and recruitment agencies generate fees they wouldn’t ordinarily have had.
“The days of employers relying on just one or two recruitment agencies to fill a role are long gone. They now have easy access to hundreds of agencies, which means they are more likely to fill the position with the best candidate in the market. They won’t receive a tide of cold calls from agencies either, because the agencies don’t know who the client is until they have been engaged. We then account manage that relationship, providing a single point of contact for both parties.”
Sara Jones, co-founder, added:
“We’re disrupting a £25bn industry that is crying out for a shake-up. Other industries have changed beyond recognition thanks to the web, but the recruitment industry in the UK has been relatively slow to adapt. We’ve proved that what we do works and smart employers and recruitment agencies are taking advantage of our solution, which is free for both to use.”
Through Hiring-Hub.com’s software solution, employers upload their vacancy and state how much they are willing to pay a recruitment agency if they fill the role. The vacancy is broadcast anonymously to Hiring-Hub.com’s network of recruitment agencies, who request to work on it if they have suitable candidates. Employers review the agency requests, engage with the best, and move candidates through their recruitment process using the website’s intuitive software.
Employers benefit by receiving fewer unsolicited calls from agencies, wider access to candidates, and greater control of their recruitment budget. Recruitment agencies benefit by seeing a regular flow of vacancies to fulfil. Hiring-Hub.com deducts a 25% commission from the fixed placement fee upon a successful transaction.