TORONTO--(BUSINESS WIRE)--Online recruitment marketplace The Search Party today announced that it has expanded operations to Canada in order to address the number one problem for Canadian employers: low quality candidates.
A recent study from The Search Party found that 58 percent of employers find candidates lack skills necessary for the role and 40 percent say they get poor resumes. With nearly 80 percent of permanent roles in Canada still filled by the slow and ineffective channel of job boards and ads, this comes as no surprise.
“A resource like The Search Party is long overdue in Canada,” said Ben Hutt, CEO of The Search Party. "Nearly a third of hires fail to live up to manager expectations within two years, which is unacceptable in today's workplace. With major developments in data science and a network driven marketplace business model, The Search Party now provides the solution for quicker, easier and more effective recruiting in Canada."
The Search Party’s proprietary algorithms make it quick and easy for companies to shortlist the most suitable candidates for job openings from a very large talent pool of agency-represented and vetted professional candidates. Through their online marketplace employers connect with candidates' recruiters, negotiate terms, and arrange introductions and interviews with a couple of clicks.
“The beauty of the marketplace model is that highly skilled recruiters get to leverage their skills and experience to screen candidates for capability and interest, in a way that is inexpensive for the employer yet profitable for the recruiter,” Hutt said. “It directly addresses both the candidate quality problem, and the broader issues of time and quality of hires that are experienced the world over.”
According to The Search Party research, the average cost of hiring a new employee in Canada can run up to 30 percent of an annual salary and take 3 - 6 months. In existing markets, The Search Party reduced time to hire to 10 days, and the average cost to hire to eight percent. Current customers find the time and cost savings invaluable.
“Sifting through hundreds of resumes in search of quality candidates was a painfully slow and laborious process,” said Rob Hatcher, Director at Creative Stream, a London-based marketing agency and customer of The Search Party. “We like to be smart in the way we use technology and with the help of The Search Party’s hiring platform it’s much easier and quicker to find the talent we need.”
The Australian-founded company sees Canada as a key market in it its quest for helping employers hire smarter, faster and more cost-effectively worldwide. It currently boasts 15 million recruiter represented and vetted candidates. Its new Toronto office is the current base for North America.
About The Search Party
The Search Party is an online recruitment marketplace that helps businesses find talent faster, easier, and at a lower cost. With an online pool of over 15 million agency-represented and validated candidate profiles, The Search Party has reduced the time to hire from an average of 60 days to 10 days. Current clients include Epson, Genworth, ING and Staples. The company was founded in Sydney with offices in London and Toronto. For more information, visit thesearchparty.com.