She is an HR manager and everyday her usual routine is to scroll through resumes to find the right person. Numbers in database are either outdated or incorrect and the task gets mundane when hundred of resumes that are too long. Her company pays thousands to two-three job portal for the database, and worst is similar people posting resume on all the sites, thus, the duplicity goes up to 20-30%.
Karthik Prasad, a former consultant at Cognizant, left the outsourcing firm to run his consultancy in UK. During which he realised that getting the right talent was as difficult as running the firm. And this was across the board, not only his consulting firm, but even his clients were facing the same issue. He met Swash Ram and Ronak Jain, who later joined in as co-founder.
In 2014, the trio came up with the idea to start Beatmysalary, in a bid to solve the problem of the HR departments and job seekers. The basic idea was to create a platform for senior job seekers, who prefer to remain anonymous during their job search, to be discovered by employers without actively engaging in the whole rigmarole of job search. From an employer’s standpoint, it provides a marketplace with a list of unique candidates in its database; thereby making the candidate search more easy, effective and less time consuming.
How It Aims to Beat Other Portals
There are multiple stages in recruitment process; starting with lead generation & discovery, engagement, verification and onboarding. Beatmysalary plays in the first and second stage where it helps the employers find the candidates and engage with them. Also, it targets senior candidates with 5 years to 15 years of experience, or more.
The differentiation, however, is in the way they connect the two sides. Beatmysalary provides anonymity to the job applicants. According to Karthik, candidates do not like to list their names in job portals, because their present employer might find about them, thus, ensuring privacy for the candidates.
Also, it doesn’t require uploading of cover letters and resumes.