The Herman Trend Alert
June 5, 2019
For years now, I have been teaching leadership teams the value of the mining the collective intelligence among their front-line employees. The concept covered in this Herman Trend Alert mines people's personal networks of contacts for the right talent and for employers who need to find and hire experienced, qualified candidates.
How the concept was born
Three years ago, James Truman opened a restaurant NIX in New York, a vegetarian and vegan Michelin one-star establishment. Truman invited a chef named Michael Sherman for dinner and to help him find an assistant restaurant manager. Sherman found that recruiting was "much easier" than working behind a stove. Moreover, Chef Owner, John Fraser, who had just opened New York's renovated Edition Hotel also asked Sherman to recruit for him and suddenly, a new business model was born.
Influenced by a business in Spain
From the boutique Spanish company Mondragon, manufacturers of high tech kitchen equipment (a cooperative between the Catholic Church and vocational-technical students in the Basque region) came the concept of crowdsourcing solutions to big problems, and it was just a short hop to the concept of crowdsourcing candidates and organizations for a new entity, the CandidateCollective.com.
A deceptively simple concept
The Candidate Collective is a peer-to-peer referral service, providing vetted talent to the employer and financial reward to the referrer. It connects candidates with employers who are looking for the best talent. The organization is currently accepting referrals for all positions.
People who want to be part of the organization have two ways "to play"
There are two ways to join The Collective: either they may: 1) Introduce the organization to a business which needs to hire their perfect candidate or they may 2) Introduce the organization to an individual who is exceptional in his/her field.
Profit sharing that is very attractive
The company's successful placement fee ten percent of the hired employee's annual salary. The referring associate receives 30 percent of that fee; the individual referring the employer receives 30 percent and the company (CandidateCollective.com) receives 40 percent.
A long-term solution for blind recruitment through job boards
Companies no longer need to hire blindly through job boards or classified ads. Now referrals come from qualified sources and are matched to the appropriate opportunities.
The first of many companies of this type in different fields
This company is the first of many in different fields that will use the low-tech solution of crowd-sourcing answers to problems. To join the Candidate Collective, visit CandidateCollective.com.
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