What’s the concept?
JobandTalent was one of the first start-ups that allow candidates the chance to take advantage of their social network (via their Facebook enabled app and website) to find work.
How does it work?
The system uses a linguistic algorithm to match candidates CVs to job ads, then shows them which of their network already works there so they can ask for a referral to be recommended. Referrals to friends are also passed on to the Facebook network and employers who post their job ads on JobandTalent benefit from a potentially vast referral network.
The concept is essentially similar to that of a traditional job board – in that employers pay to post job ads and candidates join the community by posting a profile or CV. But in this case the candidate’s CV is actually their social profile that they use constantly in the public domain, in this case on Facebook, and therefore much more likely to be kept up to date with relevant contact details at the least. And of course the interesting twist to this model is that it is harnessed to a powerful network that now includes over a billion people on earth.
Originally launched in 2009 in Spain, Job and Talent hit the UK in late 2012. To be honest, it’s been a slow-burner since then. However, the team have been focusing on expansion into the US and Latin America and recently announced they’d secured a new round of financing to support their expansion http://techcrunch.com/2015/05/27/jobandtalent-series-a-expansion/
So I think this is one to watch.
Employers can post their first job for free – so what have you got to lose?