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    Date submitted
  • 28-Jan-2016

Yobs Technologies, Inc

Abstract

Yobs is the first predictive hiring platform for retail and hospitality.

We are using AI and video resumes to help restaurants, bars, hotels and retailers hire the top 10 applicants in their pile of 200+ resumes in days instead of weeks. We train our algorithms on a huge proprietary corpus of data and provide the right recruiting tools to make hiring data-driven yet painless for every SME. Our focus is on entry-level positions, which are dominated by college students. Our community of students on Yobs find work that fits them in minutes thanks to powerful technology. We work for the hard workers, that's why it's free forever to get hired on Yobs!

Started by two founders who came from retail (previously built two retail businesses netting $100,000+ profits each) and tech (consulting for enterprise software startups and Kairos Society global fellow) and joined by top talent in machine Learning and data science (Honeywell, XEROX research, AI Labs.)

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Additional Questions

Who is your customer?

We are an on-demand platform for temp jobs, therefore we serve 2 types of users: - Businesses - Job-seekers More specifically, our business users are particularly SMEs that cannot afford an HR department. Our humanizing staffing solution is especially groundbreaking for the retail industry, where soft skills matter the most. Our job-seeker side targets the high school and college student demographic. 25+ low income job seekers are another key demographic for Yobs.

What problem does this idea/product solve or what market need does it serve?

The recruiting process in retail and hospitality is terribly inefficient. It costs $3,328 to replace an entry-level position, for which the average tenure is only 90 days. Turnover doesn't have to be the 2nd highest cost for SMEs anymore. "70 percent of college students need to work. That statistic, coupled with the fact that small businesses are always looking to hire entry level employees, has made Yobs successful so far." - The Tab

What attributes will make this idea/product successful? Why do you believe that those features will create success?

Yobs is the first predictive hiring platform for retail and hospitality. We are using AI and video resumes to help restaurants, bars, hotels and retailers hire the top 10 applicants in their pile of 200+ resumes in days instead of weeks. We train our algorithms on a huge proprietary corpus of data and provide the right recruiting tools to make hiring data-driven yet painless for every SME. Our focus is on entry-level positions, which are dominated by college students. Our community of students on Yobs find work that fits them in minutes thanks to powerful technology. We work for the hard workers, that's why it's free forever to get hired on Yobs! Started by two founders who came from retail (previously built two retail businesses netting $100,000+ profits each) and tech (consulting for enterprise software startups and Kairos Society global fellow) and joined by top talent in machine Learning and data science (Honeywell, XEROX research, AI Labs.)

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

Yobs has 4 major unfair execution advantages over the competition. Distribution strategy: We grow through dense, viral college campuses surrounded with retail and hospitality businesses. We know them inside-out, giving us a massive advantage over our competition. Proprietary technology: Built on huge proprietary corpus of data by USC researchers and psychometricians from Silicon Valley. Developing company fingerprints to create sticky product. Team: Rockstar team to tackle a massive $140B industry.