What Are Deep Job Marketplaces? How Are They Different From Traditional Hiring Platforms?

What Are Deep Job Marketplaces? How Are They Different From Traditional Hiring Platforms?

Deep job marketplaces are an exciting new frontier in the hiring-space with cutting edge solutions that help companies and job seekers connect on a much deeper level.

When a vacancy opens all of a sudden that needs to be closed immediately, a sense of panic appears. It becomes difficult to make time to scan through resumes, interview multiple candidates and hire one from a large pool of applicants. The process becomes even more tedious when managers have to hire freelancers and contractors for the business as well.

Things may get more complicated when most platforms bombard you with hundreds of irrelevant applications, increasing your time to close the opening. Most candidates and companies feel that these platforms only work as matchmakers but fail to yield the desired results and deliver more.

Platforms meant only for candidate search and hiring are not enough anymore. What companies need today are platforms that provide them with more than candidate resumes and can take care of their other hiring requirements as well.

It is when deep job platforms come into play.

What Are Deep Job Platforms?

A deep job platform is a combination of SaaS and a marketplace. It is a comprehensive platform, a step ahead of the traditional job portals, with built automation to make your hiring process faster and better.

Unlike traditional job platforms, deep job platforms offer support across all the critical stages of the employment journey such as vetting the candidate profile/resume, assessment, interviewing, onboarding, payments etc. Many deep job platforms also offer support services even when the vacancy is closed such as milestone tracking, monitoring and communication so that the work gets done faster and better.

How Are Deep Job Marketplaces Better?

Businesses today do not have time to spend all day manually performing all the hiring tasks. But that is something many existing platforms make users do just that. It ends up costing companies a lot of time, money and effort. With deep job marketplaces, companies save performing the same job process over and over again.

Traditional job platforms still have many problems and loopholes that deep job platforms can fill. Some of the problems posed by traditional platforms are:

  1. 01- Vetting Too Many Profiles

    Companies usually get a long list of applicants for every open job/contract/ freelance gig. Finding the best candidate out of those can be time-consuming. With the power of AI, vetting candidate profiles becomes easier. Using deep job platforms, recruiters can reach out to an average of 154 new candidates daily, which is 5X what a traditional recruiter would reach on a great day. (source)

  2. 02- Lack of transparency

    Traditional platforms provide no detail about any candidate's past performance. Whereas deep job platforms ensure that candidate profiles have some work samples or ratings from previous employers added to their profiles.

  3. 03- Monitoring Progress

    Deep job platforms are built with customisable dashboards helping companies track the performance and productivity of the hire. These features especially come in handy when managers have to monitor the productivity of a team of freelancers and contractors.

  4. 04- Starting The Hiring Process Over and Over Again

    Freelancers and contractors tend to stay with a company for a short span. Starting the same hiring process over and over again consumes a lot of time and effort for hiring managers. Deep job platforms take the efficiency of the hiring process a step ahead by providing one platform for vetting profiles, interviewing, assessment, background verification, onboarding, monitoring, payments etc.

How Deep Job Platforms Will Change The Future of Work?

Covid has allowed us to focus on finding ways to diversify our workforce structures. The way we work has become hybrid. And deep job platforms are a perfect fit for companies that wish to hire contractors and freelancers in their workforce. With more HR innovations paving the way in the future, more companies will need deep job platforms to automate the hiring process.

A technology-first approach to recruitment can put many hours back into a hiring manager's packed calendars, giving them time to focus on other tasks. Companies can sign-up on deep job marketplaces like FlexC to fulfil their hiring requirements efficiently. FlexC is India’s first AI-powered talent marketplace, offering all the features every deep job platform should have. Plus, it is customisable, suiting every organisation’s requirements. Managers can bring their teams to collaborate, select candidates (based on % their profile that matches the role), conduct one-way video or online interviews, take assessment tests and onboard them at one place. The interactive dashboard helps companies with tracking productivity and payments.