Crowdsourcing Cowboys: Hiring Bounty & Idea Bounty Team Up
An old concept that’s gained enormous global traction recently, crowdsourcing proves itself effective and efficient when compared to traditional solutions. Hiring Bounty makes use of the crowd as a recruitment tool while Idea Bounty solves business problems by tapping into the creativity of the masses.
Now these two cowboys of the crowdsourcing world are sharing the reins: Hiring Bounty is working with Idea Bounty in order to find the best and most creative idea to drive traffic to their site.
On 11 November Hiring Bounty posted their brief on Idea Bounty which is offering a $1500 bounty for the top 5 ideas submitted. Interested individuals have just until the end of January 2012 to submit their best suggestions.
“We know that crowdsourcing is an effective mechanism of reducing costs, through efficiency, and massively increasing effectiveness. Immediately after the brief went live it was clear to see how Idea Bounty achieved its status as a global leader.” Says Greg Schneider, MD of Hiring Bounty.
Launched in August 2012, Hiring Bounty had placed over 10% of the positions available on their platform within the first month of operations. This at just 40% of what traditional recruitment agencies would charge for the same placement.
Nikki Cockcroft, Head of Online at Woolworths had the following to say about her successful hire through Hiring Bounty. “Hiring Bounty surprised us, pleasantly. There were fewer candidates, but they were of a very high quality making the recruitment process that much more efficient. We quickly found the candidate we wanted and the cost at the end of the day was far less than we’d pay a traditional recruiter. I’m excited about how Hiring Bounty can help us in our continual quest for the best talent.”
Idea Bounty and Hiring Bounty are both businesses owned by the startup accelerator 42Engines.