Job Consultancies - A Boon or Bane?
Job consultancies are a widespread realm that works like any other corporate office. Over the time we have seen every single field going through some kind of development which one way or the other led to more job roles. The alarming amount of jobs and the need for candidates might have resulted in a lack of coordination between the duo. This led to the emergence of job consultancies whose prime goal is to assist candidates with their career.
The current recruitment industry is so fragmented that the hirer and hiree duo need a third wheel to support them; the job consultancies. However, unlike the conventional way of third wheeling, the job consultancies aren’t left out but are making money by acting as an intermediary.
Though job consultancies started with a good notion of bridging the gap between the duo, gradually they became a hindrance. Basic communication like a change of date for an interview took time to reach the recruiter. The perplex of data leak is still a major issue faced and its occurrence can be detrimental. So is there any way to not have intermediaries to enable an easy, fast and cost-efficient recruitment process to exist? Certainly.
Prime Talent Chain proposes to eliminate intermediaries to provide a seamless experience to the users by implementing advanced technologies like Blockchain, AI, Machine Learning and Big Data. The PTC mobile platform is the one-stop solution for the recruiters and the candidates.
How PTC can achieve it?
The main role of consultancies is to gather relevant and the most suitable candidates for the job role posed by the recruiter. Based on a few criteria set by the recruiter, the candidates who apply have to be filtered, and this process when done manually, takes a lot of time. At PTC, as soon as the required skill communities are accessed by the employer, a smart contract is created. Only the job seekers who comply with the set of parameters established by the recruiters are notified to take the recruitment process to the next level. Thus through an open mobile platform that consists of skill communities and hiring managers, the need for intermediaries is entirely avoided.
Intermediaries like job portals, recruiters, staffing agencies, social media, advertisements, and large in-house recruitment teams are negated. The decentralization opens up direct communication between hiring managers and candidates resulting in faster communication and instant update about the candidature. Blockchain technology, lauded for its secure and decentralized characteristics, makes data breach impossible. Privacy is maintained through their consensus protocol thus installing trust between the parties involved.
Signing off:
PTC is (to be) the cornucopia in the HR tech that helps to combat all the existing challenges faced by recruiters and job seekers, using advanced technologies. Look out for their ICO.
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