Recruitment of talent is perhaps the most important operation in any company; the members of the organization are the main driving force for success. Every organization places paramount importance on who they hire as each gear in the machine must do its part else the machine collapses. However, the current hiring process is severely flawed as the vast portion of talent is overlooked simply due to a market inefficiency.
The Problem at Hand
As employers understand that people have a tendency to falsify information on their CVs, they take a precautious approach to the hiring process. Consequently, nearly a third of vacancies are filled by an organization’s internal recommendations. This safe approach is understandable since hiring is extremely important and companies should dodge the risk of taking credibility in a non-internally referred candidate as often as possible. But this leads to the loss of innovative developments or internal efficiencies that could have been actualized by an external hire. The current system forces companies to prioritize security rather than merit-driven hires.
The situation is also not perfect when employers reach towards external hiring. Many technical positions require limited usage of most soft skills. However, the current hiring process is pruned for the success of those who possess exceptional soft skills. understandably, some positions are heavily reliant on soft skills, but many other positions, technical ones in particular, are reliant on an individual’s knowledge of the field. But not everyone is an extrovert able to shine in interviews or networking events and so they are unable to showcase the full length of their potential to the employer and this keeps these individuals from reaching their full capability as they are unable to grasp positions that give them the opportunity to reach the limits of their abilities.
A Change in the Recruitment Process
SpringRole has correctly assessed the key problem in the hiring process is that information is difficult and costly to verify and that networks, despite having such a high value in the hiring process, are both themselves limited and have a liming impact on the value of candidates being considered.
SpringRole allows individuals to have their records (past work or education) verified and then have the verification securely stored on the blockchain. This saves companies money as information does not need to be verified over and over. Currently, research has shown that the interview process has almost doubled in length in the past decade; SpringRole will greatly reduce this as companies won’t need to expense valuable time and money to research a candidate’s past as a credible and verified snapshot of the candidate will be available at the hiring manager’s fingertips.
- This factor removes consideration of operational security from the equation when deciding on a new hire as all candidates’ information is equally credible.
- Another benefit of this is that the cost of hiring a new candidate is greatly reduced with respect to both time and money. This way if a new hire is unable to meet the needs of the company, it won’t be too difficult to replace him or her.
Companies will be able to optimize the hiring process by hiring the best candidate in terms of merit and won’t have to worry about turnover costs as much as they do at present in case they need to replace a low performer.
Benefits for the Candidates
SpringRole isn’t just a boon for the employers; it also offers a great opportunity to the hopeful employees. A recent Gallup poll showed that most Americans hate their job. Most people are simply unable to get their foot in the door they want to be in and so they are forced to settle for what comes their way. This leads to an ineffective matching of skills with requirements. The entire economy could function a lot better if everyone was able to accurately be matched with the job that best matches their skills. In an effort to make this a reality, SpringRole is making way for a new means of professional engagement.
On SpringRole’s platform, industry experts will be able to assess and endorse individuals for specific skills. The platform encourages them to take the time to do so because if a person is hired, a finder's fee (in SPRING tokens) is rewarded to those who endorsed the individual. This ensures that individuals do not need to build a network, industry experts, hoping to secure an additional revenue stream, will be on the lookout for talent to endorse. This ensures that people are endorsed for the right skillset and are then able to standout for the job that properly matches their abilities. This could make way for greater job satisfaction and workplace productivity as more people will be able to perform tasks that they are good at.
Wrap-Up: SpringRole is offering benefits to employers, job-seekers, and the entire economy. The platform offers a solution that optimizes the hiring process and provides a means to perfectly match workers’ skillsets with the most fitting job.
SpringRole Essential ICO Links
🌐 Website: https://springrole.com/
💡 Whitepaper: https://www.dropbox.com/sh/ws5qx6h9whhesib/AAC3zGiElBO1p2zLGxf_3SL3a?dl=0
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3556999
💻 Telegram: https://t.me/springrole
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This sounds like a rock solid project. There are so many excellent projects these days!!!
Definitely! And it's one of the very few with a functioning prototype; give it a shot.
interesthing
It certainly is :)
SpringRole could be reshaping the recruitment industry.
Seems to be a good project. I will follow the updates. Thx for sharing
Yes, it's definitely one of the top projects right now. They have a working prototype, are signing on members, and have attracted a huge community. Exciting stuff should be coming soon!
I'm completely loving this project... Definitely going to be a part of it. The team have completely laid down a workable strateyg
Yes, the platform's goals are very realistic and put to use a natural asset of blockchain technology. It could easily penetrate the market given the depth of its value offerings.
If you want to be a part of it, you can sign up to the beta here.
Very interesting, especially that I really hate my job
Haha that places you in the majority. While I was researching SpringRole and its impact, I came across a Gallup poll that showed more than 80% of Americans hate their job--not dislike, but genuinely hate. I am sure most of the world faces a similar dilemma.
But I think the issue is that roles and skill sets are improperly matched. That impacts the economy, of course, but it also straight-up makes people hate their job. Hopefully, SpringRole can pave the way for proper matching of skill sets with the aid of valid endorsements.
upvote for up vote and follow... shall we?
Why would you vote this to the top...
I did not understand your idea. I voted my own post for the attention. I am following you. I will vote your posts if you are interested to vote my posts let us be mutual. It is up to you
First
The idea: SpringRole is a new blockchain project. It aims to make it easy to verify career-related data like education and past experiences.
Right now, companies prefer to hire people through internal recommendations because it gives instant credibility to the candidate. This makes "who you know" more important than "what you know." SpringRole makes the hiring process focus on merit by ensuring companies can have credibility in all the information provided by all candidates.
It incorporates various factors to make this a reality; have another read, check the website, or join the community on Telegram for more info.
Second
I can understand that people like to promote their profiles, and I actually don't mind it when they do that. But promoting your Discord group on my posts listed in the "Hot" category for extra visibility is pushing it.
interested just followed you for updates
Hi, if you're interested, you can have a look at the company website or try out their beta.
And welcome aboard; I'm happy to have you as a follower :)
Hi, thank you for contributing to Steemit!
I upvoted and followed you; follow back and we can help each other succeed :)
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