Talent Puzzle, the future for recruitment agencies?
The Talent Puzzle model could change the way that recruiters use agencies for good. The idea is simple: recruiters specify the fee they are prepared to pay to fill a position and then post their jobs onto the site. Agencies then submit candidates for consideration, and by doing so agree to a standard set of terms (including an eight week full money back guarantee if the candidate isn’t suitable).
From the recruiters’ perspective they get access to a huge range of candidates without having to agree terms seperately with scores of agencies. From the agencies’ point of view they do not have to dedicate so much resource to generate business from recruiters – enabling them to offer candidates at lower rates and with more generous terms.
This obvious win-win will make Talent Puzzle one to watch in the years to come
Category: Uncategorized 3 comments »
January 19th, 2010 at 4:29 pm
With no client / candidate control, access to process, ability to engage agencies in terms of finding the right “fit” outside of a list of skills….
Sounds like the next big white hype for the recruitment industry which is destined to make little or no impact whatsoever.
February 9th, 2011 at 4:18 pm
Just checked their site and they have a grand total of 133 vacancies on there. It’s like a digital ghost town, I can hear the wind blowing that stuff that blows around in ghost towns. I think they might be tanking sometime soon.
Another “disruptive technology” idea bites the dust
February 11th, 2011 at 1:42 pm
Since I wrote this post, I’ve started working with TalentPuzzle, so I have some knowledge of what is going on. I certainly wouldn’t say the idea is biting the dust. The online recruitment marketplace sector is starting to really hot up, there are now 6 marketplaces, two of which launched this year.
TalentPuzzle is the oldest and most established (although everything is relative: TP came out of beta at the end of 2009), and certainly the largest and most successful.
The number of jobs is growing incredibly fast, effectively doubling every 3-4 months and more and more larger companies are signing up all the time.
I think it’s too early to say it isn’t working.