A disruptive tech recruitment platform that uses AI to match jobseekers with vacancies is expanding into Manchester.
London-based start-up Tempo was launched in May 2017 by entrepreneurs Ben Chatfield and Ollie Povey and uses video profiles to reduce the need for phone screenings and interviews, with job offers also being made within the platform.
Tempo has already raised 拢2m and 40,000 people have posted their CVs on the platform for free. They only use first names and 2,000 employers use the tech firm.
So far Tempo has placed 1,000 people into jobs, only getting paid on a successful placement. The cost is 拢2,500 for a permanent post and 20 per cent of a temporary placement鈥檚 salary.
鈥淲e use tech like video and machine learning to connect job seekers and employers quickly, easily and cost effectively.鈥�
After spending eight years working in recruitment, Chatfield said the traditional recruitment model was broken and wasn鈥檛 exploiting tech fully so he launched Tempo.
Tempo currently has 30 staff in London with plans to make another 15 hires by the end of the year. Turnover is expected to be 拢3-4m this year.
Chatfield told 老九品茶Cloud: 鈥淲e鈥檝e reduced average time to hire from 30 days down to three while simultaneously reducing costs by 65 per cent on average.
鈥淩ecruitment agencies on the whole have been very poor at adopting technology, it鈥檚 a very large and fragmented market and we think tech can be used on all the time-consuming bits of the process. It can really transform the process in terms of speed.鈥�
Chatfield said they were looking to employ 10 staff in a new Manchester office by the end of the year.
He said: 鈥淢anchester has got an extremely vibrant digital economy, a thriving tech scene. The sorts of businesses that we鈥檝e worked with in London have been anyone from the likes of Monzo, Uber, Bulb Energy, Hostmaker and others and we’ve also got clients like Auto Trader, who have a presence in Manchester already, so it seems like a natural聽 next step.鈥�
Chatfield said Tempo is 鈥渟ector agnostic鈥� in terms of companies it works with but said clients tend to be fast-growing.