Here are some excerpts from my interview with Jim Weaver, CEO of the newly-launched PaidInterviews.com, a NotchUp competitor with a business model that revolves around paying people a commission 30 days after they have begun their new job.
Description of PaidInterviews:
How the model works:
PaidInterviews vs. Recruiters: who comes out on top?
The revenue model:
Weaver’s take on competitor NotchUp:
Marketing strategy:
Reaction from job seekers thus far:
September 24th, 2008 at 7:45 am
I love new technology and taking risks but I wonder based on the audio clips if the members of payinterview have any recruiting experience. Furthermore, based on their value propositions, have they spent enough time analyzing their market. Video? Matching Technology? Social Networks? Isn’t that a trifecta.
But primarily, as a recruiter, it appears that Jim doesn’t understand what we do, our value proposition, or the real cost to hire. The fees that clients pay represents only a very small aspect of the total cost. What’s most dangerous for payinterview is that we’ve survived and thrived since the launch of Monster, Careerbuilder, Hotjobs, Linkedin, Facebook, etc. Any recruiter worth their salt is hardly worried or intimidated by payinterview or any similar website. I would suggest that Jim better understand his audience before making such statements as he will more than likly be speaking with former recruiters.
September 24th, 2008 at 12:29 pm
They are still going to need a massive candidate database to make this work, he never mentioned how they will obtain that, but it will cost them big bucks to attract job seekers, I wonder how much they are willing to spend to do that…
September 24th, 2008 at 1:35 pm
I think attracting the candidates will be easy…you’re paying them. It’s the quality and the value proposition that makes me wonder…but I do wish them luck