(The Beacon Group - Feb. 29, 2008)

What's the problem with talented employees?

A lot of them already have great jobs and aren't necessarily out there looking for another one.

That's a huge source of lost talent. How can companies get these candidates to come out and look for jobs?

Silicon Valley startup NotchUp is looking for sponsors who will pay candidates $500 or more simply for showing up and going through the interview process. Talented employees sign up for a free NotchUp account, fill out a profile and set their interview price. Companies interested contact them to set up an interview. The job candidate keeps the money even if they aren't hired.

NotchUp members also get a 10% referral fee if a job candidate they invite to join the network is actually hired by a company.

The point of NotchUp's business plan is to eliminate the need for job boards and recruiters in the talent attraction process. The company wants to create a direct link between the applicant and the company without any middlemen.

Click here to check out Notch Up.

Will it catch on?

---------------------------------------------------------------
The Beacon Group is an authority and global pioneer in the field of organizational development. Hundreds of companies across various industries have used the firm’s assessment products and advising services to leverage their investment in Human Capital. With a strong focus on innovation, The Beacon Group delivers cutting edge perspectives to corporations facing a range of organizational challenges. Clients including Mercedes-Benz, McDonald’s, Xerox, Sony and SAP have used The Beacon Group’s services to grow their thriving businesses. For more information visit www.thebeacongroup.ca