Jobeum – a blockchain-based recruitment platform and ChronoBank will join hands to make use of the complementary innovation each offers hence driving growth and greater public adoption.
Statistics indicate that people no longer wait for the right jobs to fall into their laps; modern candidates constantly keep an eye out for new opportunities. 91% of people in the labor force are either actively looking or are open to a new job, with 76% looking for jobs at least monthly. And that’s where Jobeum, a decentralized blockchain-based network, comes in to give incentives to job candidates for them to be visible to recruiters.
And now with the partnership between Jobeum and Chronobank, the recruitment space will indeed be revolutionised. This is a perfect match since Jobeum seeks to create a professional network like LinkedIn but blockchain-based while ChronoBank seeks to create a blockchain-based marketplace for the recruitment space.
How it works
Jobeum promises a complete overhaul of the recruitment market, with better user reception and engagement. Candidates can trust every recruitment placement on the network and are targeted by recruiters that fit into their profile descriptions. People are always looking for opportunities in workplaces, with the same opinion in career growth, salary expectations, work-life balance, and Jobeum can help them giving an ability to earn [JobToken] based on their profiles within the system. Recruiters and candidates see Jobeum as a longed-for development because it aligns the interest of both parties, prompting recruiters to be actionable about their policies. Candidates earn tokens when they show their information or profile to a recruiter and are rewarded for taken tests or after referring another candidate. Jobeum tokens (JBT Tokens) will be used to perform transactions on the network. The tokens are created to enforce agreements between publishers, candidates, and recruiters.
There is access approval when a recruiter takes permission from a candidate to view information.
A referral is paid, when a referred candidate applies for an open position and gets the job.
Job offer acceptance- a candidate finds a vacancy published by a recruiter, applies for it and successfully goes through the interview process, is finally hired – then gets a bonus from the recruiter. Various steps in the recruitment process will be automated via smart contracts and as a result, the hiring process will become much more transparent.
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