Interview with Arran Stewart, Co-Owner, Job.com
Arran is the co-owner of blockchain recruitment platform Job.com. Relying on a decade worth of experience in the recruitment industry, Arran has consistently sought to bring recruitment to the cutting edge of technology. He is currently launching the first blockchain recruitment platform with Job.com – which aims to be the most secure, efficient, and transparent hiring process ever.
Using the power of the Blockchain, Jobs.com found a way to bring both employer and candidate together. The employer gets a tech-savvy, well-matched candidate for less. The applicant gets a forward-thinking employer and a 5% bonus just for landing the role.
Tell us about yourself, what made you start a Blockchain-based recruitment company.
My entire career has been in the recruitment industry, and I have had a particular preference towards online recruitment and the technologies behind it. In the last decade, I have sold, bought, and grown online recruitment businesses that have served at various stages of the recruitment supply chain. Last year, my business partner Paul Sloyan and I founded MyJobMatcher, and then acquired 3 companies in our industry based in the USA. The third acquisition was Job.com and with its 20-year presence, 60 million registered users and phenomenal URL, we made the commercial decision to turn that business into the flagship brand for the company as a whole. Technology has been at the forefront of improving the recruitment process, increasing efficiencies and attracting the best hires quickly. At Job.com, we wanted to create a revolutionary service for the recruitment industry, utilizing the latest technology to further enhance this market. Blockchain holds so many beneficial properties that can be harnessed towards the hiring process, such as peer-to-peer hiring between candidate and company, and endorsement towards factual resumes and references. This, therefore, became the core reason for our adoption of this technology; and through its implementation, we plan to move the recruitment process to the next level for hirers and candidates.
There’s news that Job.com plans to raise $50 Million in token sales. Tell us about Job.com and how it works?
Job.com is in the process of completing its utility token generation event based out of Singapore. Our goal is to kickstart the global adoption of our blockchain recruitment platform. Job.com will allow hirers and candidates to deal directly in the hiring process, removing the recruitment agency from the supply chain. Our technology will allow an accurate ledger of talent attraction, shortlisting, Q&A, interview arrangements, salary, and benefits negotiations and full employment contracts.
Companies will be able to source candidates financially risk-free through Job.com’s end-to-end recruitment platform, resulting in a successful hire. Companies will then be able to keep their new hire for a 90-day warranted probation before having to pay any money towards the recruitment of that candidate. Traditionally, companies have paid 20% of their hirer’s base salary as the recruitment fee. With Job.com, companies will pay just 6% following a successful hire and a 90-day probation period.
What makes us truly revolutionary is how we recognize the efforts of the successful candidate. Jobseekers are the ones who have the education, skills, and experience needed to do the job – they are the ones who apply for an open role, who pass the questions section, who successfully sell themselves in their interview and who actually complete the hiring transaction, yet they typically get zero out of the equation.
With Job.com, 83% of the fee we charge the client goes directly to the new hire as a salary-signing bonus to congratulate and reward them for their efforts towards gaining successful employment. This equates to a 5% salary-signing bonus for anyone who uses the Job.com platform and is successfully employed through it. It’s revolutionary and disruptive – we are obsessed with the fact that our service will average a payout of $2,600 per person hired, based on the average salary in the USA. We are going to change the way people are hired forever.
Which industries will be most impacted by this technology? Are there particular roles and sectors that are doing exceptionally well using the platform?
We anticipate the first sectors to truly see the benefit of this service will be IT, Finance and Legal. Reason being is that they already understand the blockchain and crypto market more. They will more easily transition to our new way of recruiting.
What were the challenges with earlier talent management systems, and how does the Job.com platform address these challenges?
Early talent management systems were built with so many inherent flaws from poor UX and UI, bad data management, lack of management information, complex integrations, and large sunk cost investment. Job.com is working with McCann World Group, the world’s leading marketing agency, to build an interface that gets the most out of the user experience. Our technology will work seamlessly in the background. There is no sunk cost to using Job.com – companies only pay post-successful hire and after a 90-day probation period. Candidates then actually earn a sizable reward from the fruits of their labor in the form of the salary signing bonus. We’ve taken everything we’ve seen wrong about the current recruitment process and everything we’ve learned in the last 20 years in the recruitment industry, and applied it to the Job.com product.
How can HR and recruiters keep themselves up-to-date and relevant for the future?
Like anything, pay attention to your market, however, our best advice would be to use Job.com.
Blockchain is characterized by privacy and transparency. How does the Jobs.com platform make the recruitment process safer and better validated for both parties involved?
Job.com will harness blockchain to drastically improve the resume and referencing verification process. We will encourage employers to provide their feedback on the Job.com blockchain and create a global record of achievement for candidates that is securely stored and verified on the blockchain.
What is the top misconception that users have about Blockchain?
Blockchain, especially crypto, has been labeled with a level of mistrust because of the users that have harnessed its qualities for bad. The reality is, all technology can be used properly or misused. It is not a reflection of the technology; it’s just a few bad people that exist everywhere, unfortunately.
How do you see the recent Facebook and Google policy move against advertising related to cyrptocurrency affecting the legitimacy of cyrptocurrencies?
Its great news, anyone looking to start their crypto investment journey on a Google search is risking a dangerous and misleading path. Google and Facebook have done this to protect consumers/new investors, and I support them on that decision.
What can we look forward to?
We actually plan to launch the new platform on May 31st 2018.
Thank you Arran! That was fun and hope to see you back on AiThority soon.