Recruiting a complete mess. It's a fractured $130B industry with very high frictions and high costs: each hire has an average cost of $3,500 to execute, followed by substantial onboarding & training costs This makes it very expensive to lose key talent and very slow to fill a need. The friction of hiring creates opportunity costs of over $300B as professional positions stay unfilled for 45, 60, or 90+ days in the case of executives. Further, bad hires are $23B waste of capital just on white collar workers in the US every year.
Dsycover.Me, Inc. is building a Talent Inventory Management (TIM) system that quantifies human assets on the basis of skills and experience. TIM can help to:
• Measure & provide analytics on skills & experience, creating an asset inventory (of internal and external talent)
• Fill HR needs with precise, granular search
• Deliver qualified leads to recruiters instead of merely generating demand
• Provide feedback & referrals individual on skill portfolios