zlacker

I was surprised by the level of funding for a recruiting company. Their model is really costly too because they have at least one two-hour Skype screening interview for potential candidates and I imagine they need lots of those to present a few candidates for interview.

Even though headhunter fees can be high (10-30% back when I used to use them), this seems tough to scale unless their thought was they would capture all the headhunters in the world (eg, google eating classifieds).

I don’t think that’s possible with a process that requires so much manual effort. I read about their aim for using AI, but just the cost of developing a usable training model to reduce the need for in person screens requires, what, hundreds of thousands of successful placements.

I remember needing 100 phone screens for 20 phone interviews for 5 in person interviews for 2 offers.

Assuming anyone I trust to do Skype phone screens is at least $100/hour, that’s $200 x 2 hours x 20 just = $40k for screening. Even if they break even with placement fees, that’s not an amazing margin to warrant such investment.

Seemed like AI buzz overfunding.