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Study of E-Recruitment Industry – Reffster's.com Prashant Saxena Oxford Internet Institute Aspirant
AGENDA
E-recruitment is the use of technology to attract candidates and aid the recruitment process.
E-Recruitment Sites – Traffic & Traction
E-Recruitment Sites – Traffic & Traction
Necessity The Mother of Invention: The Role of      E-recruitment Facilitators 1. Recruitment cycle & Streamline Administration  2. 24 X 7 days a week 3. Instantaneous 1. Build a talent bank 2. Handles high volume job applications  3. Recruitment costs  1. Vacancies  across multiple sites & separate divisions  2. Reinforcing employer branding 3. Provide tailored information
INDUSTRY TRENDS & DRIVERS FOR CHANGE
EFFECTIVE E-RECRUITMENT STRATEGIES An activity to support Employer Branding Online Assessments & Reduces the administrative overhead  Community & Professional linkages transferred in Recruitments Live Video Resume & Virtual Office Tours
TRAJECTORIES OF INDUSTRY CHANGE Core Activities Threatened Not Threatened Threatened Core Assets Not Threatened THE CHANGE: Core Assets – Computers Unchanged Core Activities – Information related Job  search  Networking, Virtual recruitments, Referrals etc
PORTER’S INDUSTRY DYNAMICS POTENTIAL ENTRANTS: International Players, Horizontal or Vertical Expansion  BARRIER TO ENTRY: Employer-Portal Relationships, Brand Trustworthiness & Switching Cost BUYERS/USERS:  Job Seekers, Professional Networkers, Employers SUPPLIERS: Employers, Consultants, Value Added Service Partners FIRM RIVALRY: Monsterindia, Naukri,  in.yellojobs, etc DISADVANTAGE: Weak & Profit Based Relationships  ADVANTAGE: High Switching Cost POOR SUBSTITUTES: Compromise on distance & time costs SUBSTITUTES:  Offline (Physical) Consultants, Company HR Contact & Job Fairs
INDUSTRY ANALYSIS: PEST FACTORS
INDUSTRY ANALYSIS: PEST FACTORS
E-RECRUITMENT: MARKET OVERVIEW
E-RECRUITMENT: MARKET OVERVIEW
E-RECRUITMENT: MARKET OVERVIEW
“Web 2.0 Job Linkage Pages” cater to all segments in their different ways. Eg. LinkedIn focuses on Same space where “referral portal” operate.  Orkut walkin communities focus on the same space “job related information portals” operate. Job Consultant Portals cater to all the user segments Direct Job  Portals Focus Referral   Portal Focus Job Related Information  Portals
REFFSTER :  LIFECYCLE ANALYSIS Integrating online & offline channel members Positive Word of Mouth via Blogging & Review based Awareness building Reward Based Referral System Back office KPO Management Backed Packaged Corporate Services Reffster’s Encashment with High Rewards
REFFSTER : MANAGEMENT  OVERVIEW ArjunYadav ArunYadav FOUNDERS Core Competence –  Telecom, Media, Technology & Financial Services 9 Years - Experience Anil Apte ArjunThakaran ADVISORS Technology Backbone – IRIS Software 23 Years - Experience Consulting Brain – McKinsey 15 Years - Experience      Technology Provider   Legal Framework Support   Pre Employment Firm IRIS Software Auth Bridge Singh & Singh PARTNERS
REFFSTER : FUTURISTIC GROWTH
REFFSTER : BUSINESS MODEL PERSPECTIVE GROWTH STRATEGY Long Term Shareholder Value PRODUCTIVITY STRATEGY Manage Total E-Recruitment Lifecycle Costs Gross Margins from  New Services FINANCIAL  PERSPECTIVE Revenues From New Services High Performance Service First To Market the High Reward System Extend into New Sectors CUSTOMER  PERSPECTIVE CUSTOMER VALUE PROPOSITION Launch ,[object Object]
Achieve initial sales goals with  wealth creationIdentify the Opportunities ,[object Object],Manage the Portfolio ,[object Object]

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E Recruitment Market in India

  • 1. Study of E-Recruitment Industry – Reffster's.com Prashant Saxena Oxford Internet Institute Aspirant
  • 3. E-recruitment is the use of technology to attract candidates and aid the recruitment process.
  • 4.
  • 5. E-Recruitment Sites – Traffic & Traction
  • 6. E-Recruitment Sites – Traffic & Traction
  • 7. Necessity The Mother of Invention: The Role of E-recruitment Facilitators 1. Recruitment cycle & Streamline Administration 2. 24 X 7 days a week 3. Instantaneous 1. Build a talent bank 2. Handles high volume job applications 3. Recruitment costs 1. Vacancies across multiple sites & separate divisions 2. Reinforcing employer branding 3. Provide tailored information
  • 8. INDUSTRY TRENDS & DRIVERS FOR CHANGE
  • 9. EFFECTIVE E-RECRUITMENT STRATEGIES An activity to support Employer Branding Online Assessments & Reduces the administrative overhead Community & Professional linkages transferred in Recruitments Live Video Resume & Virtual Office Tours
  • 10. TRAJECTORIES OF INDUSTRY CHANGE Core Activities Threatened Not Threatened Threatened Core Assets Not Threatened THE CHANGE: Core Assets – Computers Unchanged Core Activities – Information related Job search  Networking, Virtual recruitments, Referrals etc
  • 11. PORTER’S INDUSTRY DYNAMICS POTENTIAL ENTRANTS: International Players, Horizontal or Vertical Expansion BARRIER TO ENTRY: Employer-Portal Relationships, Brand Trustworthiness & Switching Cost BUYERS/USERS: Job Seekers, Professional Networkers, Employers SUPPLIERS: Employers, Consultants, Value Added Service Partners FIRM RIVALRY: Monsterindia, Naukri, in.yellojobs, etc DISADVANTAGE: Weak & Profit Based Relationships ADVANTAGE: High Switching Cost POOR SUBSTITUTES: Compromise on distance & time costs SUBSTITUTES: Offline (Physical) Consultants, Company HR Contact & Job Fairs
  • 17. “Web 2.0 Job Linkage Pages” cater to all segments in their different ways. Eg. LinkedIn focuses on Same space where “referral portal” operate. Orkut walkin communities focus on the same space “job related information portals” operate. Job Consultant Portals cater to all the user segments Direct Job Portals Focus Referral Portal Focus Job Related Information Portals
  • 18. REFFSTER : LIFECYCLE ANALYSIS Integrating online & offline channel members Positive Word of Mouth via Blogging & Review based Awareness building Reward Based Referral System Back office KPO Management Backed Packaged Corporate Services Reffster’s Encashment with High Rewards
  • 19. REFFSTER : MANAGEMENT OVERVIEW ArjunYadav ArunYadav FOUNDERS Core Competence – Telecom, Media, Technology & Financial Services 9 Years - Experience Anil Apte ArjunThakaran ADVISORS Technology Backbone – IRIS Software 23 Years - Experience Consulting Brain – McKinsey 15 Years - Experience Technology Provider Legal Framework Support Pre Employment Firm IRIS Software Auth Bridge Singh & Singh PARTNERS
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  • 24. Reduce Screening cycle time
  • 25. Reduce Recruitment costsINTERNAL PERSPECTIVE Multidisciplinary Skills with Experience A Culture of Creativity and Innovation Technology to explore, Integrate and Speed to market LEARNING PERSPECTIVE INFORMATION CAPITAL ORGANIZATION CAPITAL HUMAN CAPITAL