TechRadar

NotchUp: A brilliant Jobsearch Startup with an Idea that’ll change the Business Value Chain

Posted on: January 23, 2008

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Here’s a niche but a brilliant idea that in my view will create a whole new layer in the existing Online Jobsearch value chain

Founded by two guys, Notchup is trying to expand the target audience for the Jobsearch market. At present, you only enter the world of jobsearch if your looking to move…. but what about the rest of the professionals

Notchup thus is trying to give a reason for all those professionals who are happy in their roles and may be doing well , to come online and to not only make money by charging for being interviewed but also open themselves to some real good opportunities and serious employers

Please find below a review of the site on Techcrunch

The problem with most job sites is that the people companies really want to hire don’t put their resumes on them because they are happy in their current positions. If you are a star manager, chances are your employer knows it and is treating you well so that you don’t even think about leaving. Who wants to bother looking for a job anyway if you don’t have to? That’s right up there with looking for a new house in terms of time-sinks to avoid.

The folks at NotchUp, a stealth startup based in Los Altos, California launching later this month, have a better idea. Founded by two Peerflix refugees, Jim Ambras and Rob Ellis, NotchUp tries to lure talented-but-complacent workers and managers into its recruitment pool by turning the job search on its head. Instead of desperate out-of-work employees going hat-in-hand to companies begging for a job interview, on NotchUp, the companies have to pay to interview you. This is supposed to bring out those passive job seekers every company really wants to find.

notchup-price.pngThe site lets you set whatever price you like per interview, but also provides a calculator that takes into account your current position, experience, education, and salary to come up with a number. What I like about this approach is that it uses economic incentives to try to bring a better inventory of talent onto the market, just like Zillow does with its “Make Me Move” feature that lets people make unsolicited offers on houses that are not officially on the market. If a company is willing to pay you a few hundred or even a thousand bucks just to interview you, chances are they are pretty serious and it is not going to be a waste of time. It acts as a filter for both the employer and the prospective employee.

According to the site, Google, Yahoo, Facebook, and Powerset are all corporate beta testers using NotchUp for recruitment (well, maybe not Yahoo). NotchUp is still in stealth. The only way to get into the site right now is to be invited by a current user, which is how I learned about it.

Setting up a profile is easy, especially if you already use LinkedIn. NotchUp just imports your LinkedIn profile, you set your price, and you are ready to go. Any friend you refer to the site who gets an interview earns you a 10 percent referral fee. As employers search the site, they can make offers to interview you, which you see in your inbox. You can choose to only get offers from corporations, or from headhunters as well. And you can block recruiters from any particular company (like the one you currently work for) from seeing your profile. The service is free for job seekers, and companies pay NotchUp a fee for each resulting interview.

NotchUp is a really good idea. It turns job hunting into something more people will want to do in a way that makes them feel good about themselves. Even if you don’t get the job, you get paid for your time.

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6 Responses to "NotchUp: A brilliant Jobsearch Startup with an Idea that’ll change the Business Value Chain"

[…] techradar: NotchUp: A brilliant Jobsearch Startup with an Idea that’ll change the Business Value C… […]

Why would people who are in demand and making a good amount of money want to spend a day interviewing for a few hundred dollars? Especially if they aren’t actually interested in moving. For anyone that’s truly a good candidate, they would rather get paid to get HIRED.

That’s where PROSUMES.COM comes in. Better business model, in my humble opinion.

Granted, I helped launch the company but it just makes more sense.

http://WWW.PROSUMES.COM

Great Idea, However time can only say if it will catch up as a viable alternative for Companies.

Read the Terms of Service VERY VERY carefully.

Do you trust them with your information?

Then, read LinkedIn’s TOS and Privacy Policy. Do they seem the same / similar to you?

If you use the NotchUp slurp on LinkedIn, what privacy might you be giving up from LinkedIn?

Just saying.

TalentSpring (my company), JobFox, and ItzBig are three companies working on making hiring more efficient. Now NotchUp is also doing some interesting things in this space.

The first three are working on advanced ways to job seekers to their ideal job opening. And employers to their ideal job candidate.

TalentSpring goes beyond that to rank resumes within an industry. We do this to benefit Job Seekers by getting the attention of employees. Job seekers rank well in areas they are passionate about and where they have invested in their work experience and education.

Since job seekers will rank well in areas they are interested in, we can bring large numbers of employers back to that job seeker. Specifically, we email a wide range of employers of job types that the job seeker considers ideal. This way the job seeker wins because they have their ideal types of employers actively listening to them. (Ranking resumes gives us the power to accomplish this)

Bryan Starbuck
CEO
http://www.TalentSpring.com

Looks like someone is picking up NotchUp’s slack. Applicant Tree is doing essentially the same thing, but at a much better price for businesses. What’s more, I don’t have to waste time interviewing someone that could end up being unacceptable, I can purchase their information and do a phone interview if I want to. This model favors the companies far more than NotchUp and still offers something to the prospects.

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