The U.S. recruitment and staffing industry is worth a whopping $158 billion, and the average cost incurred for an employer to hire a new employee is not only $4-7 thousand and if you have to use an agency upwards of nearly 20% fee of salary. In addition, it takes an eye-watering 42-52 days to fill a position.
In an attempt to capture market share, reduce the time to hire, and lower the costs associated with bringing on new people, Relode is taking an interesting approach.
Leveraging the power of its online peer community and virtual recruiter network. .
Here’s how it works.
Focused on healthcare, Relode’s platform is fueled by peer recommendations and virtual recruiters. Relode has a database full of open roles, and users can connect people that they know to an open position in return for referral rewards.
And what form does the reward take? Cold, hard, cash-average referral rewards range from $1,500 to $15,000.
So, in essence, Relode is a crowdsourcing platform for healthcare professionals and virtual recruiters.
Of course, if you’re looking for a job, you can go ahead and browse contract, full-time, part-time and locum tenens employment opportunities from its website, and yes, if you get hired you keep the referral reward as a sign on bonus. Whether you are looking for roles that fit registered nurses, nurse practitioners, physician assistants, physicians, therapists, pharmacists, EMR technologists, EHR developers, and more, Relode has an extensive database of open positions.
As a client,if you post a job, Relode activates its users to alert them of a new open role, and after the recommendations fly in, Relode’s system using machine learning and crowdsourced screening to quickly qualify the candidates, and you’re able to review only the top candidates. On average, Relode saves its clients 40-50% from traditional staffing agencies.
Like Toms or Warby Parker, it is important to note that Relode is a socially conscious organization. Over the past year, it has allocated a percentage of every dollar made through Mercy Ships, which has been offering free surgical care in underserved areas in Africa for more than forty years. The funds have helped provide scholarships for those who feel called to serve on Mercy Ships in any capacity.
Headquartered in Nashville, TN, Relode makes for a disruptive outlier in an industry still stuck in the 1990s, where traditional database matches still rule the day. In the same way that every salesperson knows a warm referral is better than a cold call, Relode’s approach benefits everyone along the recruiting chain.