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
