Back in March 2013, recruiting startup Jobylon launched “Jobylon Bounty” a service which aimed to turn “people into headhunters”. The idea was simple – the best recruits often come via referrals and a high volume of referrals can be generated via social networks. Companies could attach “bounties” or rewards to their job listings, and successful referrers would receive that prize, given their referral ends up getting the job. Companies seemed to like the concept and the Jobylon team were able to run some pretty good campaigns.
So what was wrong? Well, for one – the team tell me that they realised that “bounty” was a great feature, but not the foundation of a big recruiting business.
So the Jobylon team, have gone back to the drawing board and emerged with a new product – this time an “end-to-end” recruiting solution for smaller and mid-sized companies. CEO Aref Abedi tells me that Jobylon wants to remove all the hassle from recruiting, and by putting “sourcing, interviewing, following up and hiring” in the same application – it can do just that. What’s cool about the new Jobylon is that, this product seems to distill everything they’ve learned about hiring and HR into one product. The “bounty” will be in there and everything they’ve learned about successful job ads (from their first product Jobylon.se) will be in there too.