Hi Friends,
                                              Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do.
                                                  There is just no time to look back, no time to wonder,"Will anyone read these pages?"
                                       With regards,
                                       Hemen Parekh
                                       27 June 2013

Thursday, 18 September 2008

MONSTER.COM

18 Sep 2008

Rahul - Shalaka - Punam – Alex

MONSTER.COM

·     monster.com has database of 2.4 core job - seeker resumes in the US with 1.3 lakh companies accessing them.

·     16th largest Internet site in the world.

·     Monsterindia.com has a database of 6.8 lakh resumes and is used by 1,100 companies.

·     the site receives 75,000 new resumes a month.

·     job seekers using the Internet come primarily from the IT community while the manufacturing sector largely remains out of it.

·     Focusing on software and IT.

·     Then we will look at other categories.

·     Manufacturing, Baking and Financial services, pharmacy, biotech, retailing and education.

·     Monsterindia is trying to expand operations through the government.

·     Graduate job seekers can store their resumes online to be viewed by potential ITES employers.

·     Job seekers feed in their scores secured which is the new benchmark of ITES careers.

·     Monster is standardized on MS - SQL server as the database to house all job, resume and recruiter information.

·     Microsoft software for its networking model, Companies pay Monster an access fee for searching its resume database. Rs. 1.8 lakh.

·     Companies who advertise jobs on the site "Almost 95 percent of our revenues come from these two sources, The resume search, however, accounts for the bulk of our revenues.

·     There is a huge demand for Indian database from US companies. Particularly for IT professionals. We are not too bothered about the local market. We are in a position to move the database around the globe.

·     To establish that Recruitguru is NOT a jobsite and it is a "Recruitment self service solution", we decided that there should be no public resume database on Recruitguru where we "sell" Resumes. This is fine & being implemented.

·     But now Tadanki confirms, what I have said all along viz.

·     There is big money in "selling" resumes

·     America Software companies would love the purchase.

·     At Rs. 10/ Resume, American Companies can "Buy" 20,000 IT resumes / year for Rs. 2 lakhs (and save millions of dollars in the process) our "Pay per - use" model. 

·     But, thru printout/ profile - based search, if they need to purchase only 5000 Resumes/ year, that would cost them only Rs. 0.5 lakh - instead of Rs. 2.0 lakh.

If we could offer this (Sale of Resumes at Rs. 10 each) on an independent site (jobseeker.com), than, we can target thousands of American Companies.

Points to be Noted

·     95% of Monster India's revenue come from Resume Access & Job Advt. Posting

·     Most of this comes from Resume Access (Let us assume 80% from Resume access 75 % From USA and 10% From India.  15% Job posting.

·     Tadanki says. "(For resume database search), we are not too bothered about the local market" The man’s may be 70% From USA and 10 % from India.  

·     Resume Database of Monster are USA companies! i.e. nearly 800 companies.

·     Each pays Rs. 2 lakh/ year for Resume Database search (IT guys) = Rs. 1600 lakhs / year revenue from USA  companies (Rs. 16 Crore).'Online Recruitment Market Is Set To Double This Fiscal' Sanjeev (Bhikhandani) NAUKRI   VS   Sanjeev (Tiwari)

RECRUITGURU

Sanjeev (Bhikhandani) NAUKRI

·     Chasing IT / ITES/ Pharma/ Telecom/ Insurance

·     Services offered

·     Job Listing

·     Response Management

·     Resume Database Access

·     Naukri's won resume database - 5/10 Lakhs.

·     Resume Database of all jobsites Combined - 30 Lakhs.

·     Business / Revenue Model

Make money from corporate - subscribers by asking advance full year subscription of Rs.  1/3 lakhs.

·     Ditto

·     No plan (only Guru Ad will enable composing Ads for posting elsewhere)

·     At present, in a very limited manner

·     Yes - but subscriber's own/ private database search.

·     On a parallel site, primarily meant for Jobseekers, we target to have 50 lakh resumes in 5 years.

·     Ditto - except a small initial "activation fee + user LIC" & balance on "Pay - per - use"

Like other jobsites, we too will be PRE - PAID.

Hemen Parekh

Sunday, 14 September 2008

JOB DESCRIPTION ARCHIVE


Rahul 

Leveraging Job Advt. Database (2.8 Lakhs Job advts downloaded from Naukri for WWJ/ JAM, and stored on Reliance Server).

For JAM, our S/W was parsing each & every job - advt downloaded, into following fields:
 
    1. Job code

    2. Position/ Vacancy Name      
                
    3. Advertiser Company Name

    4. Posting City  used for JAM

    5. Edu. Qualification reqd.

    6. Experience reqd.

    7. Age (Max)

    8. Advertiser's Email ID. (we were using this for JAS).

When you visit Relevance and copy these 2.8 L onto a CD and bring back, hopefully, we would have -

·     A structured database of all 2.8 Lakhs advts as per fields shown above

·      Full Job - advt. texts of all 2.8 Lakhs

If we further succeed in setting - up RSS feeds (from Naukri / Monster/ Timesjobs) for various "functions", we could receive (Feed my in box.com?) = 10,000 new job - advts every day.
Same S/W can parse these as well (overnight) and our STRUCTURED database can keep growing.
I am sure, ultimately, we will find many way's to "leverage" such a job - advt database to attract more candidates   & corporate to register on our website but, enclosed application.

JOB DESCRIPTION ARCHEIVE.

Would act as a FACILITATOR to thousands of companies who

Ø Do not have an HR executive

Ø Have never used online Recruitment Process (Non - Consumers of e - Recruitment)

Ø Have NO clue on how to write a job description.

"Job Description Archive" application is a supplement to my earlier note / UI on how to construct a job - description   using O* Net website

O *Net is very exhaustive/ very comprehensive/ very daunting - even  experienced HR mgrs working in large Indian Companies. 

As far as above - mentioned SMALL / MEDIUM Companies are concerned,   the OWNERS would feel OVERWHEELMED with O * Net !

      But, 

if he gets to see the Job Description, used

in an ACTUAL job - advt, by an ACTUAL Indian Company, he would feel far more Comfortable/ at 

home, to copy &   use it. He will feel 

                              "I cannot go wrong" 

He must be helped to first take this tiny step, before graduating to O *Net. 

I would not be surprised, if we find even experienced HR managers taking this "Short Cut" ! 

Critical part is being able to "find" (from our vast database), actual position/ vacancy Name 
matching with what  the user will type in STEP # 1 

About 1 1/2 year back, we had prepared a TOOL, in which, I did create some SYNONYMS for designations. 

It was not 100% complete but its output can be tried for this application. 

Hemen Parekh

Wednesday, 10 September 2008

JOB DESCRIPTION


     Rahul
                                 
    Our target is to make "Job Posting" very easy / very compelling.

    With this in mind, we recently added following features.:-

·     Currency Converter
      (To enable foreign companies to post jobs/ do "Vacancy Blasts")

·      Auto - fill of "Contact Info"
      (To save time)

·     Auto - fill of "Keywords" box

              - To save time

               - To establish "Relevance" with post being advertised

               - To be able to compute RAW SCORE for that job advt and therefore, to be able to compute "MATCH INDEX" with any resume.

    But the "Job Description" box continues to be a BIG HURDLE.

    I have seen HR managers having 10 years of experience, literally FUMBLE when it comes to writing a clear/ concise / appropriate Job - Description for any "Position/ Vacancy" they wish to Fill - up !

    This (writing of Job description) is, one of their biggest PAIN - POINT !

    We would score BIG, if we can help them out of this pain !

    And, it seems we CAN.

    By MASHING with our "Post Job" form

    http://online.onetcenter.org/find/quick?

    By modifying "Post Job" form as follows:


Job. Title/ Vacancy          



Fetch Job Description
·     From my own past job Advt. (Latest)
·     From Onetcenter


Job Description




Table: GR client  Job Secription


 Of course, recruiter would need to first entry / type "Job / Title/ Vacancy Name"   ,   before clicking on one of the links shown.

 If, clicking on "From my own past Job Advt (Latest)"
  Does not fetch any result, a message will ask him to click "From Onetcenter"

 If he has ever advertised for a vacancy/ position earlier, he would want to repeat the SAME job - description once again (Why re - invent the wheel ?).
  
 If, in the past, he has spent a lot of time researching & Composing a good/ relevant job - description (for  any given vacancy) then it is obvious that he would want to use it again.

 Of course, he can EDIT it, after the job - description box fills up.

 In which case, our S/W will delete the old one and replace it with the "edited" version (as long as  Vacancy Name/  Title/ Position tallies Perfectly).

    OR

    If "Vacancy Name / Title/ Position" entered, differs slightly from the earlier one, then, we can show him both the versions and allow him to choose anyone.
 

    Recruiter clicks on link From Onetcenter
  
    In this case, our S/W will enter the Position/ Vacancy/ Title             ,
Gogo
 
    into the search bar of O - net & click

The page fetched will be shown in a Separate window (-without hiding / covering "Job Description" box in our form?)

This will present to the recruiter, several links.

He will click one which he considers "most relevant" to his needs.

That will open (in the same window), full job - description.

Some portions of the job - description may be relevant and some may be irrelevant.

But, I suppose, he can "Copy/ Paste" into the "Job Description" box then EDIT it.

It is easier to edit something you are presented with than to Construct from scratch !

However, I feel our "Job Description" box with its 4 line is too small fav. editing we need some trick!

This morning I tried some 30/40 "Position/ Title/ Vacancy - Name" in O - Net and found very good / relevant links.

It seems O - net's "Relevance" score mechanism (algorithm) is based on "keywords" having certain "weightages" and therefore very similar to our own "Raw Score / Percentile Score" Concept. MASHING such a web site with our own  website, enhances the credibility of our website. It is a kind of "Endorsement" of our logic !

Since Poonam had worked on modifying "Job Post" form recently, I suggest that she take ups as her next project,  as soon as she has completed her current project. I have given her / shalaka, a demo of O - net's capabilities.

Hemen Parekh