The Dayak team is keeping up its impressive growth, particularly among independent recruiters who like the company for the exposure it provides to larger companies.
Dayak, which was nominated for OnRec’s “2008 Game Changing Recruiting Technology Award,” is also flaunting its 832 new recruiters who joined the site in August. This figure, the Carlsbad, California-based company says, is more than double its original projection of 400. In addition, new job postings on the site jumped 24% from July to August.
The online recruiting marketplace has seen over 1,200 jobs posted on its site. Dayak prompts employers to choose the fee they’re willing to pay recruiters for a successful hire, a clear shift away from percentage-based fees.
Dayak’s chief executive officer, Allan Sabol, notes that in our current weak economy, his company’s service may help to “drive down recruiting expenses at a time when most companies are seeking ways to cut costs.”
Both Dayak and its competitor BountyJobs went home empty-handed after OnRec’s “2008 Game Changing Recruiting Technology” award ultimately went to JobStick, but their inclusion in the award nomination says something about the changing potential for recruiting technologies around the world.
R.D. Whitney, Onrec’s chief executive officer, notes that “the recruiting marketplace is rapidly changing and Dayak is an obvious change agent.”
Whitney added that Dayak “establishes a unique marketplace in the talent management quest — it speeds up the hunt, and lowers recruiting expenses for organizations.”
In an interview on Cheezhead, Sabol said Dayak is focused on linking employers with the 80,000 independent recruiters in the United States who may not have otherwise been given the opportunity to work for the kind of companies posting on Dayak.
Unlike competitor BountyJobs, Sabol says Dayak gives “small and large companies the ability to leverage the experience and skill of the independent recruiters and boutique firms who can fill positions quickly and for a much more reasonable fee.”
2 comments
Maureen Oct 29, 2008 at 5:11 pm
I am very surprised that Fordyce gave this company any kind of recommendation by putting their information in the Fordyce Letter. Recruiters spend a lot of time defending their fees. We don’t want or need to discount our fees. Finding good qualified employees is difficult for everyone right now. I do appreciate companies want to cut costs but for a recruiter to go out of their way to “drive down recruiting expenses at a time when most companies are seeking ways to cut costs.” is wrong. I know this is a free market etc. But, to tell companies and recruiters to work on jobs at a 50% fee reduction is ridiculous. This preys on desperate recruiters and uninformed companies. More than anything this is a resume service. There is no consulting with the company. There is no working with the client and candidate. It is send a resume and hope for the best. Come on! I know different markets have different expectations. I found Dayak because a company I work with decided this was their answer to recruiting and sent me the link. I was appalled at what I saw. I normally work at 30% fees. I will consider 25% but never lower. Dayak was telling companies right on the website that normal fees are 22% and it is best to start out at 50% BELOW that. My client had a job for a Director of Engineering for $100K salary with a fee of $8000. What respectable recruiter would give a company a Director of Engineering for $8000! Not me. This was my answer to my client: It is a website for “submitting resumes”. We are search consultants. We present candidates not resumes. We offer information beyond a resume. We do not take assignments for less than 25%. Many of our best clients pay us 30% to find the best candidates for their important openings. This website is for recruiters to submit their “C” candidates. Ones they have no interest or chance of placing for a full fee. It is what recruiters refer to as “passive” jobs. Dayak claims to only have experienced recruiters using the site. But, they don’t ask for any verification or background check. All I had to do was put in my name and email. Other organizations that have asked us to join required a lengthy form and references. I am leery of their ability to protect my and your interests. I see a huge opportunity for fraud. I told them when they needed me to work on a search personally with them they could call but I can not at this time work with a company such as Dayak. Dayak should come with a warning for all…BUYER BEWARE!
Nancy Oct 29, 2008 at 9:26 pm
Hi Maureen,
I owned a search firm back in the 90’s for close to 10 years, and did it all. Let me just say; it was exhausting. Getting the job orders, finding the candidates, then going through the interview and hiring process. Plus having to worry about the guarantee period, refunding their money or finding a replacement. I would have welcomed a company like Dayak with the business model they have. As far as ethics, some of the most unethical people I have ever met worked for well known recruiting companies. That is why the industry was referred to as body snatchers and flesh pushers. I remember recruiters placing people at companies, and then going back a few months later and recruiting them out. Every industry out there has honest people and dishonest people; so even if there was a way to check on a recruiting company, if someone wants to cheat
the system they will.
What I see Dayak doing is giving independent recruiters and recruiting firms another way to make money, or supplement their income. If certain recruiters don’t want to use Dayak, then they don’t have to. I am sure there are plenty of clients who are posting job orders at 25% and 30% fees, but I bet there are alot more who aren’t. Why not make an income from both?
What you may not understand is that alot of the companies that are starting to use Dayak are companies that have had bad experiences with recruiting firms bombarding them with unqualified resumes and too many calls. Once a client hears that they can control the process they feel better about working with the recruiters and posting more job orders on Dayak. As far as working with the client, the Dayak account managers work very closely with the client to define their needs and the recruiters can also communicate with the client. You are misinformed about the recruiter consulting with the client, they can be in communication through the Dayak site. Also, Dayak’s network of recruiters prescreen their candidates just as well as any search firms out there. So yes, the recruiters are in communication with their candidates, but probably by phone unless their candidates are local. Our recruiters definitely do not send in a resume, and wish for the best. Once a client has an interest in the candidate, there is ongoing communication between the candidate, recruiter and the client through written feedback. I don’t know where you got your information about Dayak, but I suggest you take another look. They are constantly making enhancements to their site because they listen to what their clients, both recruiters and employers want.
I wish you the best.
Nancy