Skillific

In section „Problem & Solution“ we covered the biggest shortcomings of the available recruitment services. Skillific is unique because it compensates for all these shortcomings in one compact solution. We utilize the opportunities offered by modern technology, know-how and data sources.

We combine two very powerful intelligent algorithms: a search engine that locates talent with specific skill sets and skill matching algorithm that pre-selects the best ranking candidates. This eliminates the need for employers to conduct any manual talent searches and candidate pre-selection rounds.

Case study

Here is a case study to illustrate competition and Skillific’s opportunity.

The closest to our kind of combination is the very recently announced co-operation between Connectifier and LinkedIn. Skillific’s solution has overlaps with both companies.

Among other things LinkedIn maps the professional profiles of its users, collecting data about track record, preferences, interests and skills. Nevertheless so far LinkedIn has relied only on its own user base when it comes to offering recruitment services. Despite of LinkedIn’s impressive growth its still just one-source talent hunting. And not always the best quality headhunting when it comes to skills-based matching.

Connectifier’s goal, much similarly to Skillific, is to offer multi-source talent search and skills-based matching. Connectifier is a newcomer. Like Skillific, Connectifier has understood the shortcomings of one-source talent search and is concentrating on multi-source talent search. The fact that Connectifier would start stepping on LinkedIn’s toes was mentioned on media already in summer 2015.

In February 2016 LinkedIn announced the acquisition of Connectifier. This is a meaningful milestone in the development of automated recruitment services. LinkedIn has gone through an impressive growth in user base and revenue. Its user base now exceeds 400 million and majority of its revenue comes from talent services (recruitment). LinkedIn has been around for a while now. Connectifier on the other hand became visible in the summer of 2015 when it raised a 6 million round from different investors.

The fact that LinkedIn saw Connectifier as a big enough threat and probably also as a big enough business opportunity only confirms that Skillific has chosen the right path. Automated cross-platform search and skills-based matching are overthrowing one-source talent solutions and will bite off the market share of expensive and inefficient offline recruitment services.

This is a remarkable confirmation for new and flexible movers like Skillific. Considering the huge market for recruitment services there is lots of room for newcomers. LinkedIn holds less than 1% market share (see LinkedIn’s quarterly reports and MarketLine Industry Profile – Global Human Resource & Employment Services, January 2015).