The Recruitment Industry is a highly fragmented multi-billion dollar industry made up of thousands of smaller firms and the Top 20 Multinationals controlling almost 50% of the total global revenues equivalent to almost $150 billion dollars.
The Staffing Exchange intends to disrupt the recruitment industry through the data consolidation and collaboration of Recruitment professionals.
TSE licenses Recruiters as an Recruitment Experts and then empowers them with hared tools and resources to increase placement trading activity.
Our Platform similar to the MLS in real estate called the MCLS™ lists passive candidates and client listings confidentially with a Recruitment Expert.
We were Nominated for the Ernst & Young Entrepreneur of the Year Award in 2010.
MARKET SUMMARY
In 2018, operating revenue of the Canadian Recruitment Industry amounted to $14.6 billion with over 500,000 candidates placed: 100,000 in permanent roles and 400,000 in temporary roles.
Industry reports project that the Global Recruitment Industry will grow 9.36% by 2025 to $456.97 billion. Most of the growth relates to the increasing trend of companies using recruiters to identify passive candidates and the aging population creating a massive skills shortage.
Aging Population FACT: In 2019, the oldest baby boomers—Americans born between 1946 and 1964— turned 65. Today, 40 million people in the United States are ages 65 and older, but this number is projected to more than double to 89 million by 2050.
THE COMPETITION
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LinkedIn’s recruiting services segment grew by 136% to $84.9 Million, making the company the fastest growing public provider of corporate recruiting solutions.
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LinkedIn’s recruiting revenues are now greater than Taleo’s (which was acquired by Oracle for $1.9 Billion)
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LinkedIn’s original vision was to become a professional social network and bring people contacts together.
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LinkedIn said it expected to see between $305 million and $310 million in revenue for the current quarter and between $1.41 and $1.44 billion for the year.
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Recruitment is the biggest share of the company’s overall revenue, accounting for 54%
NOTE:
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Bounty jobs connects employers with a national network of headhunters through its Internet-based application which has received funding from Greylock Partners who agreed that “Despite fragmentation and inefficiency in the contingent search market, companies still spend billions of dollars each year on headhunters in the US “
FACT:
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Greylock lead a $20m Expansion Round for BountyJobs with “Faith in the Future of a streamlined Headhunter Market “
OUR COMPETITIVE ADVANTAGE
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Our platform give data ownership to recruiters who list gainfully employed candidates seeking to be listed confidentially for access to a better career opportunity in the hidden job market. This is where over 90% of the jobs are.
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Candidates are listed by Recruitment Experts as intellectual property on the MCLS for a better career move much like real estate properties are listed on the MLS for a better price!
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Client companies list their confidential hidden opportunities on the MCLS with the recruitment experts in order to gain access to these highly skilled passive candidates.
REWARDS
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Our Product are People who are the most valuable commodity of any successful company
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That is why companies spend billions of dollars a year on recruiting fees.
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Potential profits for our business model can range from a low of 20% to as high as 40% depending on trading activity and volume of Recruitment Expert users on the MCLS platform
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We are reaching out to prospective investors who want be part of this exciting evolution of the recruitment industry while consolidating intellectual property similar to what the Toronto Stock
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Exchange and the Multiple Listing Service did over 50 years ago for stock brokers and real estate agents
KEY ISSUES
Short Term:
Our key objectives for candidate data and recruiter consolidation:
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To attract more recruiters both office or mobile-based to join The Staffing Exchange and list their data on the MCLS
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To populate the MCLS with passive candidates who are dissatisfied with their current career and ready to make a career move!
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Promote the MCLS as the new standard for corporations to access passive candidates.
Long Term:
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We have partnered with Microsoft to provide technological support on their cloud, but we are limited to non-proprietary SaaS recruiting software products like Bullhorn who recently acquired SaaS provider MaxHire and Sendouts.com
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Bullhorn was purchased by Vista partners SaaS VC’s and they intend to increase the seat costs of their 5,000 users.
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We intend to either develop our own customized Microsoft CRM or partner with a company with an existing recruitment software infrastructure and white label MCLS as a Platform as a Service or continue with our existing structure and negotiate lower SaaS costs based on volume
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“We intend to grow the MLS into a leading Platform as a Service for Headhunters”
