Hired, an online marketplace for connecting employers with top tech talent, launched in Washington, D.C. Wednesday.
The three-year-old start-up has a unique approach to aiding the hiring process. It screens candidates who are starting a job search, and accepts only about the top 5 to 7 percent. Then Hired allows interested employers to apply to the select candidates, instead of vice versa. Salary parameters are disclosed up front so both sides don’t waste time on interviews that will never amount to anything.
Hired sees itself as a better way of getting job-seekers in front of start-ups and companies that are hiring.
“From an employer’s perspective trying to recruit in LinkedIn amounts to trying to buy a house using the White Pages,” said Hired chief executive Matt Mickiewicz. “You know everybody’s name, address and contact details, but you have no idea who’s selling.”
The start-up has been running a beta test in D.C. for a few months and said it was its most successful initial foray into any city. Mickiewicz credited the interest of engineers in the NSA wanting to join start-ups and consumer tech companies.
Hired offers two payment plans for employers. Hired will take a 15 percent flat fee of whatever the new hire’s salary is in their first year. Or it will take a sum equivalent to 1 percent of the employee’s salary per month for the first two years he or she is employed. That way if a new hire doesn’t work out, the company is likely to pay less.
Mickiewicz says that job candidates are generally active on the network for two to four weeks before finding a position.
Hired is live now in 10 U.S. cities and London. It plans to expand to Chicago and Toronto next. It hopes to be the ultimate career marketplace for knowledge workers, and may broaden into areas such as sales, marketing and finance.
Hired’s revenue in June more than tripled what it brought in during June of 2014. With ample cash left from a recent funding rounding, it’s focused on growth now, not profitability.
Mickiewicz previously co-founded 99designs, an online marketplace for graphic design.