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Dayak Debut New Recruiting Portal That May Save Employers Billions

For nearly a decade, recruiting exchanges have sprung up across the web, spawned by frustration in the human resources (www.Dayak.com), the evolution of recruiting exchanges seems to have reached its logical conclusion.

Dayak is an online recruiting (http://www.dayak.com/Recruiter_Demo.aspx) used for commission splits. Over time, innovative companies began to offer employers the ability to share their open positions with these recruiter networks to fill positions more quickly.

Until recently, though, these services had two fundamental shortcomings. First, most recruiting exchanges charged a monthly membership fee, registration fee, or other access/usage fee for recruiters and/or employers. Second, most exchanges acted as a referral service rather than a marketplace, which did little to drive down employers' cost per placement. However, the newest generation of recruiting exchanges are a natural evolutionary leap toward a true free market system that saves employers money.

"What employers (http://www.dayak.com/Employer_Demo.aspx) from recruiters, or conduct interviews. Employers only pay for a successful hire," says Sabol. Because of the transaction based billing structure, there is almost no risk for employers who use the site.

New recruiting exchanges like Dayak leverage a nationwide network of recruiters, so there is tremendous competition among recruiters to fill jobs quickly and provide better quality candidates. And competition has one other major advantage - lower fees.

"We encourage our employers to set fees at about half of what they would normally pay with a traditional recruiting firm," explains Sal Cepeda, Dayak COO. "Our goal is to save corporate America $4 billion annually, which is about half of what corporations spend on contingent recruiting firms each year."

Dayak is also the first site to publicly offer a 60 day, 100% refund guarantee to employers. The vast majority of recruiting firms offer a replacement guarantee, not a refund guarantee.

It is still unclear whether recruiting exchanges will be able to shift the recruiting landscape as powerfully as online marketplaces have transformed other industries. One thing is certain: employers stand to benefit from the speed, simplicity, and cost savings offered by the newest generation of recruiting exchanges.

About Dayak:

Dayak is an online marketplace that matches employers with a nationwide network of professional recruiters. Dayak combines the simplicity and convenience of online job boards with the effectiveness and support of full-service recruiting firms. The result is a safe, free-market system that allows employers to fill jobs more quickly than ever before, for about half the cost of traditional recruiting firms. For more information visit www.HRmarketer.com) on behalf of the company listed above.

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