Manchester-based Hiring Hub, an online marketplace that helps companies find trusted recruitment agencies, has raised a £1.4m round of investment that will allow it to develop its proprietary platform, invest in marketing activity and strengthen its leadership team.
Hiring Hub connects companies to a community of independent recruitment agencies. Employers post their vacancy for free, and set a fee they would be willing to pay an agency if the agency found them a candidate they wanted to hire. Agencies can then submit their best candidates, allowing the employer to manage their recruitment activity in one place.
The platform, which boasts some 400 employers including BASF and B&M Retail, is proven to reduce time-to-hire to an average of 20 days, cut recruitment costs, and improve quality of hire.
The £1.4m round of investment was led by Maven Capital Partners, on behalf of the Northern Powerhouse Investment Fund. Hiring Hub was advised on the investment by Sam Mabon, partner at Brabners LLP, and Sam Davies, director at Knight Corporate Finance.
Simon Swan, CEO at Hiring Hub, said: “Recruitment was the original people business, yet nowadays it feels increasingly impersonal and commoditized, which has led to recruitment agencies being viewed as a necessary evil rather than professional advisors that deliver a valuable service.
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