The world economy has never faced a more tough scenario than it currently faces, particularly with the massive layoffs of prominent technological businesses. Yet, there is a startup named Recruitery that can address the issue.
The situation with layoffs in technology firms
Concerns about an economic crisis, increasing interest rates, dropping revenue, falling equities, and so on have forced several huge technological businesses in the United States, the world’s largest economy, to lay off tens of thousands of staff to stay in business.
It is still being determined how long this trend will continue. Still, suppose inflation continues to rise, impacting economies worldwide and weakening the financial climate. In that case, Randstad expects that the movement of technological layoffs in Southeast Asia will continue into the second quarter of 2023.
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There is no way to stop this trend, but Recruitery will be a solution for companies searching for outplacement and individuals affected by the wave of layoffs.
About Recruitery
Recruitery has an extensive network of headhunters, with over 10,000 headhunters, 1,000 of the top enterprises trusting Recruitery, and over 1 million transnational high-level human resources networks. As a result, they can quickly recruit personnel in 98 countries worldwide.
Recruitery has approximately more than 5,000 referrals per month, and the average time from job posting to placement is 20 days.
Recruitery was founded in 2019 in Singapore by a group of dedicated young individuals who feel that this is the right option for businesses that want to save on recruiting costs while still finding talent for the firm.
The primary aim of Recruitery is to link businesses with a network of recruiting professionals and experts in various disciplines to reach out to possible applicants (not actively looking for jobs). The tool allows firms to reach five times as many potential applicants as the present system while saving 80 per cent of the time and 50 per cent of the money.
Recruitery’s strengths include a strong headhunters network and a high number of worldwide customers, a very user-friendly UX system, competitive fees, and a wide range of positions.
Recruitery focuses on corporate, headhunter, and candidate-centred methods while building its solutions.
How Recruitery is bridging this gap
“With everything in place, Recruitery will become a ‘home’ for people impacted by mass layoffs, particularly in the IT industry; we will connect them with our headhunting partners (10,000 signed up) to assist them in finding a new job,” Recruitery CEO Toan Nguyen stated.
“In the last few months, some startups requested assistance from specialists to help former employees who were laid off prepare and even design their resumes to find a job. This highlights the difficult circumstances for employees who are abruptly out of work, with venture capital financing drying up as investors become wary owing to unpredictable financial markets and geopolitical concerns,” Toan added.
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On the other hand, Recruitery has witnessed increased demand from organisations growing their staff during the last two quarters. In addition, following the disruptions produced by covid, there has been a surge in recruiting in fields such as information technology (IT), IT support services (ITes), and startups.
Creating a platform that serves outplacement agencies and jobless prospects takes time and effort. But they’ve been preparing for this wave for quite some time, and the system is finally ready.
“We have a two-week sprint to rebuild the site’s layout, including providing additional messages and allowing the headhunter to connect directly to the firm on our platform. The headhunter can now interact with the firm about all of the candidate’s details, as well as oversee the whole recruiting process,” Toan added.
Recruitery intends to grow further into Southeast Asia next year and release additional UX tools to improve the platform and become the premier recruiting platform in Southeast Asia.
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