Monday Joining: If you have either lost your job amid the COVID-19 outbreak or don’t have to serve notice period in your company, this new recruitment platform would be the right fit for you.
Digital marketing consulting firm Markivis has launched a portal ‘Monday Joining’ where recruiters looking for candidates, who can immediately join and job-seekers in search of immediate roles, will be matched. The platform was launched on August 10.
“Monday Joining is our way of giving it back to the community in these unprecedented times. We wanted to help people who lost their jobs and businesses by reducing their cost of hiring.” said Amit Khanduja, the CEO of Markivis.
With MondayJoining.com, candidates do not need to spend endless hours on job hunting and filling out numerous applications for each job post. The platform allows recruiters to reach out to job seekers almost instantly by looking at their experience, skills and expertise updated within extensive candidate profiles. In addition, the platform reduces the effort of recruiters from creating lengthy job descriptions and going through the hassle of receiving hundreds of non-suitable resumes, and most importantly worrying whether a candidate will join after making them wait for 2-3 months.
Currently, candidates typically serve two to three months of notice period before joining a new company. Khanduja said this process often leaves recruiters hanging because candidates often use the notice period to negotiate with multiple companies.
“A candidate could inform a prospective employer merely one day before joining that he/she is taking up another offer. In sectors like IT, where a prospective employee is also interviewed by clients, this looks unprofessional,” he added.
Khanduja said that about 37,000 candidates have registered so far. The platform is looking to have 100,000 resumes by the end of 2020.
“We used to see so many posts and media news every day about people losing their jobs but on the contrary we were also hearing a completely different story from HR leaders, who we work with regularly in the employer branding space. Companies were unable to source the right candidates who were available to join quickly. That is when we thought of connecting these two sets of audiences using a portal for all those individuals who were seeking a job and the countless recruiters who were hiring,” he added.
What differentiates mondayjoining.com from other platforms is one it’s zero subscription fees and some of the unique features that have been built and are in pipeline for recruiters such as:
1) Track and report candidates who accept an offer and do not join
2) Getting an offer acceptance within the portal
3) Only allowing candidates who can join within 14 days to register
4) Adding background verified/ reference checked profiles to shorten candidate on-boarding
The portal intends to launch operations in Australia and the UK in the next few months. The website’s soft launch two weeks ago drew over 35,000 candidate profiles who are ready for immediate hiring, and 213 verified recruiters who are actively hiring. The platform aims at increasing its reach with the official launch.
While the platform is free right now, Khanduja said there will be subscription model used for revenue generation from recruiters.
“We want Monday Joining to be affordable for the smaller organisations as well. While it will completely free for candidates, we are working on a subscription model and pricing is being determined,” he added.
Typically, job portals charge between Rs 2,000 and Rs 2,500 for posting a vacancy with a validity of about 30 days. Similarly, there is a fee for viewing databases and this ranges from Rs 5,000 to Rs 7,500 for three-days to view about 200-300 profiles.
The online recruitment market in India is estimated at $1 billion as of April 30. Large players in the Indian market include platforms like Naukri, Monster, Indeed and Shine.