Benefits of using Talentsbay
- You get more relevant candidates and have less hassle in filtering out the irrelevant ones
- You get to decide how much you want to pay to acquire CVs or Contacts
- The transacted fees are objectively fairer as they are determined by an open market
- You enjoy huge potential savings compared to the costs incurred via traditional headhunting
- You still enjoy headhunting-level of service
- You get to tap into a much bigger network of referrers for talent
Definitions
LICENSEES are Recruiters who carry out a business of talent referral on Talentsbay. Licensees can post CV and Contact referrals. Licensees must first register as Affiliates and then apply to upgrade their status within their accounts.
AFFILIATES are Talent or Talent Referrers who register for free on Talentsbay. Any one may register as an Affiliate. Affiliates can post Contact referrals only.
A CV REFERRAL is the posting of a candidate’s curriculum vitae.
A CONTACT REFERRAL is the posting of a candidate’s Name, Contact Number, Email and a Short Description about the candidate.
REFERRAL OPTION: In this option, an Employer enjoys maximum savings and pays the full referral rewards the moment a referral is accepted. There is no future placement fee applicable.
PLACEMENT OPTION: In this option, an Employer enjoys substantial savings and pays a small flat fee of 10 credits (USD10) when a CV referral is accepted or 5 credits (USD5) when a Contact referral is accepted. The Employer would pay the full placement fee when the referred candidate was successfully hired.
HOW IT WORKS
CV Referral Contact Referral
Referral option
Referral option
Minimum Rewards Offer = 100 credits (USD100)
Placement option
Placement option
Minimum Rewards Offer = 1,000 credits (USD1,000)
Counter-offer
Counter-offer
If there is a counter-offer by a Licensee on a referral,
- you may proceed to accept it based on the counter-offer made by the Licensee; or
- you may make a final counter-offer on the referral.
If a Licensee rejects your final counter-offer, you may still accept it based on the Licensee’s last counter-offer or walk away from the deal.
No counter-offer
No counter-offer
If there is no counter-offer made by a Licensee on a referral, you may proceed to accept it based on the initial offer you made.
Referral option
Referral option
The full agreed reward is immediately deducted from your account.
Placement option
Placement option
10 credits are immediately deducted from your account. The full agreed reward will be deducted only when the candidate is successfully hired.
Warranty
Warranty
Within 14 days after a CV is accepted, if the candidate’s CV is found to be misleading or falsified or the candidate is found to be uninterested in attending an interview, you may claim for a full refund.
Referral option
Referral option
Minimum Rewards Offer = 10 credits (USD10)
Placement option
Placement option
Minimum Rewards Offer = 100 credits (USD100)
Counter-offer
Counter-offer
If there is a counter-offer by a Licensee or Affiliate on a referral,
- you may proceed to accept it based on the counter-offer made by the Licensee; or
- you may make a final counter-offer on the referral.
If a Licensee or Affiliate rejects your final counter-offer, you may still accept it based on the Licensee’s or Affiliate’s last counter-offer or walk away from the deal.
No counter-offer
No counter-offer
If there is no counter-offer made by a Licensee or Affiliate on a referral, you may proceed to accept it based on the initial offer you made.
Referral option
Referral option
The full agreed reward is immediately deducted from your account.
Placement option
Placement option
5 credits are immediately deducted from your account. The full agreed reward will be deducted only when the candidate is successfully hired.
Warranty
Warranty
Within 14 days after a CV is accepted, if the candidate’s CV is found to be misleading or falsified or the candidate is found to be uninterested in attending an interview, you may claim for a full refund.
How to start using Talentsbay?
Sign up as an Employer
Log into your account and click Buy Credits
Select the Package you want and follow the payment instructions.
Post your job ads
Review the CV and Contact Referrals received
Accept and download the referrals you want!