HR and Recruitment
Job Bank is leading the way in supporting people who want to become a home-based recruiter, inspired by an innovative platform where recruiters and employers connect to find talent.
Blackburn-based Job Bank is a cloud-based company that enables individuals to become a home-based recruiter, building and transforming their business by finding talent for employers. Job Bank connects employers to a trusted network of qualified recruiters who can target and broaden their search for candidates and find talent quickly and easily within an employer’s recruitment budget.
Expanding the World of a Home Based Recruitment Business
Fear, uncertainty, and self-doubt are all raw feelings that people experience when considering the idea of starting their own business. It’s scary, there’s no doubt about it. There are downsides to running a standalone start-up, primarily the lack of know-how, which can be time-consuming and costly. According to Tide Bank, the average start-up expense in the first year is £23,756. On the other hand, franchises decrease the risk of failure with proven models, but have limitations in terms of location, marketing, and even products. They can also be expensive, as they are often tied to long-term contracts. Finally, multi-level marketing systems are initially more affordable but not sustainable, as they have a high failure rate due to the shift in focus from selling a product to recruiting new people.
Job Bank deliberately proves that it is a rewarding, flexible and affordable model, without long-term contracts. We provide a productive platform where individuals can grow their own recruiting business with a website, recruiting CRM, virtual classroom, e-learning, messaging, and ongoing mentorship. Most importantly, the platform provides employers with contract job openings that are automated and advertised on each recruiter’s website, providing the opportunity to learn and earn from day one. Recruitment CRM includes an Applicant Tracking System that identifies additional guidance and support for each job posting. of the employer, in order to find the right candidate.
Job Bank has achieved key successes within the platform, such as the Leads Center and Messenger, and maintains a strong focus on actively listening to our recruiters and recruitment industry experts. We are constantly reviewing and evolving our services, based on feedback and needs, ensuring that our recruiters and employers receive exceptional service. Job Bank presents an affordable and unique opportunity in a £35bn market for individuals to find out if being a recruitment consultant is right for them. The way we work in the UK is changing and more people are having second jobs or ‘side hustles’ than ever before. As we move away from the traditional 9 to 5, the sideways bustle has attracted more attention. 64% of the UK working population want to start a business. 83% of 18-24 year olds dream of being independent. 25% of UK adults have a second income. Finally, new research from Simply Business reveals that more than a third of people in the UK are now running their own hustles, with some savvy entrepreneurs expecting to earn over £5,000 a year in extra income. Job Bank’s mission is to provide a rewarding, flexible and economical business opportunity in recruitment, inspired by an innovative platform to improve the skills of entrepreneurs in recruitment.
Boosting how recruiters and employers connect to find talent
Recruitment can be a daunting task for employers, especially when it comes to time and money invested. It’s not just about filling a position, it’s also about finding the right person, someone who fits the organizational culture and who is also ready to grow with the company. Personnel costs will be one of the largest overhead costs for many companies that employ staff, and it’s fair to say that talent is the driver of a company’s performance and growth. Therefore, recruiting the right talent is key to contributing to growth.
The 2 common approaches for employers to recruit staff are hiring recruitment agencies and advertising on job boards. As a recent study points out, the fees paid to a traditional recruitment agency such as Hays and Robert Walters are usually a percentage of an annual salary. On average, this percentage can be between 20% and 30% depending on the level of complexity of the hiring, the volume and the relationship with the agency. Recruitment agencies can be expensive; however, these costs are mitigated by the high costs of advertising, marketing and headhunting, which can run into the hundreds of thousands for a medium-sized recruitment agency, which is why most companies choose to publish their job offers on job sites to fill vacancies. posts.
Initially, job sites such as Indeed, Reed and CV Library seem cheaper, although job seekers do not have to pay to be members, a company has to pay to post jobs. online employment, whether it is a one-time or recurring fee if a job offer is listed, and/or access to a CV library. This process can become extremely expensive and time-consuming.
Now, if you were to look at which sourcing channel is giving you the most candidates, you could proudly point the finger and say, “the job boards are doing a great job!” In a market where just finding people to apply for jobs is a challenge, getting lots of applications can seem like a sign of hope. While this can be helpful, it often means sifting through piles of candidate resumes to shortlist the unsuitable ones, making it a time-consuming exercise. Moreover, there is no guarantee that the ideal candidate will be found. More candidates do not mean better quality hires. 60% of all applications come through job boards. That’s a big number, by far the biggest source of candidate traffic, so why do only 20%-25% of successful hires come from job boards? This is because job boards don’t have access to candidates who are employed, but might be open to something new, known as passive candidates. Passive candidates make up over 79% of working professionals in the UK, who use social media platforms such as Linkedin, which have become a powerful tool in recent years in the recruitment industry.
LinkedIn is a professional database of 27 million users in the UK, or 41% of the UK population, and a database larger than any job board! We need to communicate with passive candidates, which a “human” recruitment consultant can do much more easily than a job board “bot”. Active candidates certainly make an employer’s life easier because they do a lot of their work for them. Unfortunately, the reality is that often the best employee is already employed. Finding passive candidates is more difficult, but the process is vital in today’s competitive job market. Although recruiting agencies have access to job boards, the greatest value a recruiting agency can offer is communicating with employers and candidates. They learn about available jobs and have the skills to access active and passive candidates to find the best possible person to fill them. Moreover, they provide support to candidates as well as clients.
Job Bank occupies an enviable position, falling between a traditional recruitment agency and a job board. We stay focused on employers – whatever the goals and whatever the budget, our recruiters will find a way for employers to harness the power of our platform in a cost-effective way. Our home based recruiters are trained to have the skills to find active and passive talent and make it affordable, minimizing the recruiter’s cost to market, advertise and headhunting. We currently work with hundreds of employers from small and medium sized companies such as Zenith Lawyers and Curtis Law Solicitors, to large corporations such as O2, and have become an established and crucial recruitment platform.
With over a million advertised job vacancies currently in the UK, employers have spent over £35billion on recruitment costs over the past year. Job Bank’s mission is to make recruitment more affordable for employers.
Job Bank continually invests, develops, adapts and finds solutions in the home-based business market and in the recruitment industry. Many of the recruiters and employers who joined the Job Bank platform when it was created in 2017 still work with us today. This is a testament not only to the effectiveness of Job Bank, but also to the long-term partnerships we build with recruiters and employers across the UK. Job Bank is focused on meaningful innovation and only feels comfortable in the driver’s seat. They are motivated to move forward and continue to provide what is missing in the home business market and recruitment industry within the UK with a long-term vision to evolve for United States.