EmployUs Raises $750,000 to Grow “Uber of Recruiting”
Mobile hiring app takes on $420+ billion dollar recruiting industry
RALEIGH, NC (Aug. 24, 2015)—EmployUs announced today it has raised a $750,000 seed round investment, led by Cofounders Capital, Sovereign’s Capital, and Angel investors.EmployUs launched a mobile hiring app that rewards everyone who recommendsa friend or colleague in their personal network for an open job. EmployUs provides employers with a way to extend their referral bonus programs beyond their own employ base and tap the massive referral networks of nonemployees.
EmployUs, empowers employers to post unlimited jobs for free on the EmployUs job site if they are willing to pay a cash bonus to the referrers for successful hires. EmployUs offers a 100% risk-free way for employers to hire more referrals from inside and outside their company through one integrated platform. EmployUs is not just another job board matching resumes with job requirements. Referred job candidates are statistically proven to be an employer’s best hires with the lowest cost-per-hire and the highest performance and retention ratios. Expanding on the proven success of internal employee referral programs, now anyone with the EmployUs mobile appcan refer their connections to posted jobs and make money.
“EmployUs could be a real industry-changer for hiring managers who want to reduce their dependency on staffing agencies and stop recycling the same candidates from the same old job boards”,says David Gardner,General Partner of Cofounders Capital. Gardner, a co-founder of PeopleFluent in the 1990’s and sometimes credited with launching the applicant tracking industry, continues, “The software integrates seamlessly into a company’s existing HR applicant tracking system requiring to employer’s workflows or extra work of any kind.”
Like most successful companies in the Sharing Economy, EmployUs provides a simpler solution to an inefficient business model, in this case, sourcing talent through on-demand referrals. Companies traditionally using job boards, recruiting agencies, and other manual sourcing tools are overwhelmed with under-qualified candidates. On EmployUs, employers only receive personalized and pre-vetted referrals, finding an ideal candidate every time you open the app.
“After spending 35 years building one of the largest recruiting companies in the world, it’s just common sense that referrals are the best source of talent,” commented EmployUs co-founder, Jeff Stocks, and former CEO of Manpower in Raleigh, NC. “EmployUs organizes and delivers the right referrals, totally disrupting the entire recruiting industry.”
As a 2014 graduate of the Citrix RedHat Innovators Program focused on enterprise software and NC IDEA Grant, EmployUs launched an exclusive pilot program in March of this year, with 30 Triangle-area employers ranging from top start-ups to global companies like Citrix, and saw immediate results in the number of job seekers who were referred and got hired. Connectors today are earning on average $3,000 per job referral.
Literally thousands of users helped us validate the product by making the right connections to the right jobs,” said EmployUs CEO Ryan O’Donnell. “Proving one in five applicants gets hired is unheard of in recruiting, and we are just getting started. I’m excited to help everyone who uses EmployUs start working where they belong.”
EmployUs will remain an invite only platform until fall 2015, when it will be publicly available on iOS and Android. Until then, interested users and employers can request their invitation on a first come first serve basis.
About EmployUs
EmployUs was founded to help everyone work where they belong. Top employerschoose EmployUs to hire more referrals and win the war for talent, using their web and mobile applications. Called the “Uber of Recruitment,” EmployUs rewards users for connecting their network with job opportunities, taking on the broken $420 billion recruiting industry. Ryan O’Donnell, a serial social entrepreneur, and Jeff Stocks, a former CEO of Manpower, founded EmployUs in 2014 in Raleigh, North Carolina.
About Cofounder’s Capital
Cofounders Capital is an early stage seed fund focused on software ventures in the Triangle. Cofounders Capital is managed by serially successful entrepreneur, David Gardner with a team of over seventy advisers and volunteer mentors who are all investors in the fund, eager to support entrepreneurship in the Triangle and to help portfolio companies and entrepreneurs succeed.
Contact Information
Chuck Hester, Director of Communications
Twitter: @EmployUsApp
Direct: 919/607-1522
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