Leading tech platform that links employers and search firms, BountyJobs, Inc., has recently announced a new milestone with total employer job orders surpassing $1.5 billion in potential recruiting placement fees.
BountyJobs’ marketplace is a key component of its solution, allowing employers to post their most challenging permanent positions for contingent third-party placement assistance. The technology then uses proprietary algorithms to surface the recruiters most able to fill that position, providing statistics on past performance that enable the employer to make an educated choice and improve their chance of filling the role. With over 10,000 active recruiters on the platform, the job order volume is reflective of a robust marketplace that is now estimated at 10 times the size of the nearest competitor.
BountyJobs credits the milestone attainment to a number of factors.
“The current labor market has Talent Acquisition leaders searching for any competitive edge in recruiting,” says Jerry Aubin, CEO of BountyJobs. “Our customers view us as a strategic sourcing partner for their hardest-to-fill jobs. Over the past 12 years, our technology has connected over 40% of the Fortune 1000 to talented third-party recruiters. We know how to find the best recruiter to work on a given position, and our platform works as stand-alone - or with any ATS – to enable painless collaboration and communication.”
BountyJobs’ growth is also a result of a number of market-expansion investments. In recent years, the company has made its products available in Canada and the EU, opened support for Retained Search agreements, and launched BountyJobs Connect – a product for SMB that allows hiring managers to purchase platform access for a single job, without a yearly subscription. This new, transactional product is also a key component of BountyJobs’ prolific Partner Program, which has added 20 partners in the last year alone.
BountyJobs plans to capitalize on its momentum with additional investments over the next 18 months. Next up, the company will be launching a product that will provide flexible sourcing solutions to recruitment agencies as they respond to increasing demand from employers in this tight job market. The company will also continue its international expansion as it moves into APAC and Latin America. Finally, the company will be investing in a solution for temporary hires, a move that will solidify BountyJobs as the technology solution for management of all third-party assisted recruiting.
"BountyJobs’ Partner Program pursues innovation in Talent Acquisition by building a network of like-minded technology providers focused on improving the way companies recruit, attract and retain talent. Pivotal to our program is the creation of an ecosystem that gives our clients expanded access to a range of solutions, while providing our partners' clients special access to our Connect product," says Jason Putnam, SVP of Sales and Business Development. "It’s been wildly successful so far and we’re planning an additional 250% growth next year."
Edited by K. Fanning
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