3D Recruitment Insert logo

Data Driven Decision Making

Henry Smith – Head of Strategy

Alex Tayler – Chief Accountant and Forecaster

Tamsin Wade – Head of Marketing

Dylan Yarborough – Head of Industry Research

Kane Nimblette – Chief Brand Designer

Meet the Team

• 3D Recruitment will specialize in IT, digital and change recruitment.

• We hope to work with La Fosse to drive out competition with other IT agencies recruiting for business change, technical and digital roles.

• Our USP is the removal of the ‘middle man’ (agency) as it speeds up the recruitment process.

• We believe this will leave more agents free to work on recruiting more for senior positions, allowing all divisions of the company to grow.

Who we are

The Market

• The turnover for the total recruitment industry increased by 9.7 per cent in 2015/16, which means the current value of the industry is £31.5 Billion.

• IT/Digital recruitment is the most profitable sector within permanent recruitment, generating £525m in revenue.

• As of 2014/15 there are 8,000 Recruitment Agencies operating in the U.K, figures show this is increasing year on year – but few have an app.

• From a 2014/15 survey 20% of candidates and clients elected to withdraw from the recruitment process through an agency because they felt it took too long.

3D’s Biggest Competitors

• There are 8,000 Recruitment Agencies operating within the UK, very few of these have a Mobile App. During market research we identified the following agencies which already have an app:

• World Wide Recruitment – Global Recruiters, Generalised non specialists

• Kintec Global – World Wide recruiters, Generalised non specialists

• Ecom Recruitment – Digital & IT Specialists

How will the app work?

1.)Create a profile

Candidates

2.)Write 50 word brief and upload

CV

3.)Take psychometric

tests

4.)Score to be displayed on

profile

How will the app work?

Clients

1.)Create a profile

2.)Post a job role stating

desirable test scores

3.)Receive top 10

candidates

4.)Pick their top choices and call for interview

• The top chosen candidates will receive a notification asking if they are still looking for work and interested in meeting the company.

• Employer will manage the interview process via the app.

• Video Interviews can be conducted through the app.

• Employer can upload possible interview dates/times.

• A feedback questionnaire will be completed by clients for unsuccessful interview candidates

The Interview Process…

Bespoke Psychometric Testing

Further Evidence

Development: Marketing (80:20)

• Fuelled – Award Winning App developer

• 8 Awards

• Based in London

• Quiz up, Ducati, Verizon

Budget

• Cheaper, faster to develop and more popular.

• E.g. Apple and Android platform costs.

• However if you chose to invest more to invest in this app we would pick Native development because it has a better user experience and performance, fewer limitations and ease of debugging.

• Large companies such as Facebook and LinkedIn both use Native.

The Nitty GrittyNative vs Hybrid

Pre-launch & Post Launch:

• Press releases via PRweb in the run up to launch (£50 per post)

• Sponsored content on LinkedIn (£4000 per annum)

• Paid ad on google for 4 months surrounding launch (£10/20 per day to start)

• Billboards placed around London for 2 months surrounding launch (£300-600 for every 2 weeks)

• The app logo will be added to La Fosse’s email signature

• Launch event for executives from various companies– (£15oo)

Marketing

Revenue Forecasts

• Commission Structure ~ 5-10% of salary value

• Optimistic estimate; 20% increase in annual turnover by 2018 above current predictions.

• Cautious estimate; 5% increase in turnover by 2017 and a 10% increase in 2018.

• Increase in profitability of between 4% and 7% by 2018 above current forecasts.

• Will help free-up the workforce to pursue new opportunities in the long-term.

• Despite ongoing costs, overheads will still be lower.

Forecast

Forecast

Strengths• Minimal Costs• Further

Investment

SWOT

Weaknesses

• Loyal client/candidate base

 

Opportunities• High rate of employment• Opportunities for short-term IT

workers

Threats

• Exponential Growth in market

 

• If La Fosse chooses not to invest in our app via concerns of credibility damage we can adapt.

• We will use the same ideas we have previously mentioned but become a single investable company and could focus on any market.

• We will cut out the middleman i.e. the recruiter and focus on numbers alone.

• Our psychometric testing and matching algorithm would be central to this idea.

We can adapt..