Introduced at DEMOfall 08, PaidInterviews Helps Candidates Market Themselves through a Rich-Media Career Repository and Saves Employers Time and Money by Speeding the Recruiting Process MCLEAN, Va. and SAN DIEGO, Sept. 8
MCLEAN, Va. and SAN DIEGO, Sept. 8 /PRNewswire/ --PaidInterviews announced
the launch of its game-changing online career network at DEMOfall 08 - the
premier launch pad for the world's most promising technologies, products, and
services. Combining social networking, sophisticated matching technology, and
a unique model that pays candidates when hired, PaidInterviews allows
candidates to market themselves effectively, find their ideal job, and get
paid for their efforts.
PaidInterviews' disruptive model is poised to transform the hiring process
by shifting the commission fees paid to recruiters to the candidates
themselves. Candidates name their asking fee, which is then matched with an
employer's bid fee, and are paid the percent of their first year's salary upon
being hired. By paying candidates for their time and efforts, employers are
more likely to attract high-quality, 'in-demand' candidates.
"PaidInterviews represents a new model not just for the recruiting
industry, but for everyone at all phases of the career lifecycle," said DEMO
Executive Producer Chris Shipley. "The service integrates rich media, social
networking, and intelligent matching technology, and delivers these features
in a sound business model."
This new model offers particular value as shifting workforce demographics
are placing an increased burden on employers to find qualified candidates
quickly. More than 77 million baby boomers are officially set to begin
retirement this year, with only 49 million in the Gen X group to take their
place. The impact of that shortfall has dramatic implications for employers
looking to find qualified, well-matched candidates for open positions today
and into the future.
Taking a cue from popular online dating sites like eHarmony,
PaidInterviews uses intelligent matching to bring candidates and employers
together. Candidates are asked to define their ideal job based on standard
aspects, including knowledge, skills and experience, in addition to 'lifestyle
factors,' which can be just as critical to job satisfaction and career
success. PaidInterviews then creates an OptiMatch Index(TM) (OMI) for each job
requisition.
PaidInterviews' OMI takes the inefficiency out of traditional recruiting
methods, where hiring managers weed through stacks of paper or electronic
resumes. Instead, employers are presented with a targeted list of candidates
ranked by their OMI. This saves time for hiring managers and ensures that
candidates are best matched for the job -- ultimately resulting in higher job
satisfaction, better on-the-job performance, and improved retention.
The site's 'water cooler' destination gives candidates unprecedented
visibility into prospective employers by viewing feedback and comments from
past and current employees. Site participants can take advantage of rich media
and social networking to better market themselves. Candidates can supplement
or replace the traditional text resume with a video resume, and build their
own career profile complete with work samples and written or video references.
They can also create and join groups, as well as build their own network.
PaidInterviews was hand picked among hundreds of aspiring companies to
launch at DEMOfall 08. The invitation-only event has established a reputation
for spotting emerging trends in the technology industry and identifying
innovative products and services most likely to have a significant impact on
the marketplace in the coming year. The conference runs from September 7-9 and
is held in San Diego, California.
For screen clips go to: http://tinyurl.com/6xu7c7
About PaidInterviews
PaidInterviews is a career network that connects job candidates with their
ideal employer using social media, sophisticated matching technology, and a
unique model that pays candidates when hired. PaidInterviews' exclusive
OptiMatch Index(TM) (OMI) evaluates an array of candidate and employer
preferences to speed the hiring process and deliver an ideal connection. Our
mission is to provide a service that increases both the number and quality of
matches, resulting in higher job satisfaction for the employee and increased
productivity and improved retention for the employer. For more information,
visit www.PaidInterviews.com.
Trademarks mentioned in this document are the property of their respective
owners.
SOURCE PaidInterviews
