The Search Party has announced the world's first candidate Marketplace, which will transform how employers recruit talent. The Search Party connects Australian employers with the best qualified candidates quickly and cost effectively.
Employers can search a pool of the best qualified candidates and get connected to recruiters who can then arrange an introduction. At launch the talent pool has close to two million certified candidate profiles represented by agencies that have been handpicked to join.
Distinct from existing online recruitment networks that have been growing in popularity, Marketplace candidates are validated by recruitment professionals before organisations see their profiles. Australian employers at launch include two major international telecommunications companies, two out of the big four accounting firms, and one of the world's biggest technology companies.
"The current employment models are out of date and broken," said Jamie Carlisle, CEO - The Search Party.
"Having the right people working in your business is one of the biggest priorities for all organisations. Yet it takes employers on average 81 days to hire a candidate at a cost of $15K per person. The Search Party provides a solution that is focused on what's important - finding great talent, quickly and cost effectively. We've built an online marketplace that gives employers access to deep knowledge on candidates by using the expertise of the best recruitment agencies to screen candidates. Alongside this we've designed a powerful search and a management function that makes sure only the most relevant candidates are viewed so employers don't get inundated with CVs."
Ben Hutt, Chief Financial & Operating Officer - The Search Party said, "in less than 10 weeks The Search Party has managed to capture 20 per cent of CVs in the Australian workforce and the candidate pool is growing 10 per cent week-on-week. We expect to have the vast majority of the Australian workforce in Marketplace by the end of 2014, represented by some of the most successful agencies in the country. The Search Party is looking to re-shape the global recruitment industry and will open a number of offices across the globe, starting with London in January 2014."
Paul Lyons, Managing Director - Ambition, Australia said, "the recruitment industry is ripe for change. Its business models are failing with our Clients not placing the same value as us on the work we do, especially where we are working competitively and only get paid when we place candidates.
"We need a new solution that will help us deliver better results for our clients and The Search Party's new approach is a game-changer for us. It allows us to focus on what we're good at which is building relationships with great talent and filling live job vacancies - all in a pricing model that's a win for both recruiters and employers."
The Marketplace's collaborative approach allows recruiters or hiring managers in the organisations access to a vast talent pool represented by top agencies at no cost. Employers can pick the candidates they want to meet, determine commercial terms with an agency and arrange interviews, all in the Marketplace. If employers don't find the right candidate there's no cost, and if they want guarantee periods these can be agreed.
About Jamie Carlisle - The Search Party, CEO
Jamie Carlisle is CEO and founder of The Search Party. He has over 10 years' experience managing leading technology start-ups as well as experience as a senior recruitment manager. Carlisle is a serial entrepreneur with a talent for using technology to solve real world problems. He started his first business at 19, and has been involved with a number of successful start-ups over the years including Spreets.com which was acquired by Yahoo!7 for $40 million, and GroupByWhat a group buying analytics platform. Carlisle has spent over three years with The Search Party and is responsible for technology, innovation and driving business growth and success.
Carlisle has held a number of high profile online positions, including Manager of National Brands for ReachLocal in the UK and Australia. He was Head of Social Media and SEO at Spreets.com in Australia before founding The Search Party.
He has firsthand experience of the recruitment industry and has held managerial positions in the UK at both Waters Barnes Associates (2007/2009), and Michael Page International (2006/7) where he started a new division.
Carlisle has a passion for neuropsychology, which he studied at UCL in London, and has a skill for taking academic theory into real world social-business situations. He is vocal about education reform and believes that the current conventional systems are failing to maximise the potential of young people, especially those from disadvantaged backgrounds.
About Ben Hutt - The Search Party, Chief Financial & Operating Officer
Ben Hutt is Chief Financial & Operating Officer of The Search Party. He has over 15 years' experience in management consulting and problem solving with top-tier firms including Macquarie Group and PwC Consulting. Prior to The Search Party, Ben worked in a range of different roles in his five years at Macquarie Group, the last two of which were spent building an international team focused on delivering improved cost efficiency across the group.
Hutt is a perennial business problem solver and an expert in improving productivity. He began his career analysing call centre productivity and the impact of changes in technology for one of Britain's banks, whilst completing his final year thesis as a Psychology undergraduate. After that he spent three years at PwC consulting working for financial services and telecommunications clients in Europe, the UK and North America.