The Client
Caerus Connections™ allows job seekers and potential employers to find their ideal fit through a cost-effective platform, utilizing blockchain technology.
The Challenge
The recruiting industry, as a whole, has many challenges. The question was, “how do we solve some of these immediate problems and utilize secure and transparent blockchain technology?” Here are some of the challenges:
- The recruitment process is expensive: on average, $4,000 per person is spent on the hiring process.
- 83% of candidates consider their job search experience to be poor.
- Greater than 45% of candidates never hear back from employers, with no idea what the status is of their application.
- On average, 150 resumes are received per position, with most only viewed for 5-7 seconds.
- 25% of all candidates turn out to be not a good long-term fit.
The Solution
We developed an affordable, scalable, and flexible recruiting solution with the following benefits:
- Advanced candidate assessment to better ensure a good long-term fit.
- Job board with comprehensive job postings.
- A solution built on Blockchain
The Results
The resulting solution provided by IT Labs had a dramatic effect in several areas:
- Employer average saving of $2,141 per candidate.
- Direct messaging between candidates and recruiters, improving communications.
- Candidates’ search experience is improved, with robust search options on the job board. Thus enabling them to find and apply to job postings which best match them, while seeing the status of each of their applications.
- Better long-term fit due to advanced candidate assessment.
