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CareerAuction.com utilizes an auction based service that allows recruiters to bid dollars to get exclusive access to top candidates. Candidates who are placed in a job by the winning recruiter and remain for the guarantee period are entitled to 50% of the auction fee. For example: - John Doe has anonymously placed his resume up for auction today
- Recruiter A, B, and C are email notified that this candidate matches their skill, career and location profile and has passed the standard screening questions
- Recruiter B is interested in the candidate and places a starting bid of $1000.
- Recruiter A is also interested and places a higher bid of $1500
- Recruiter C decides they can place the candidate today and places a bid of $2500
- The auction ends and Recruiter C wins the right to exclusively market that candidate for 7 days
- If Recruiter C places John Doe in his dream job and John stays for the guarantee period, he is entitled to 50% of the auction fee or $1,250.
John Doe is thrilled as he has landed his dream job and received a cash bonus! Recruiter C is happy as they have quickly placed the candidate to a client that matched the required skills!
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| Sep 05, 2010 |
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