85 Years of research indicates that structured interviews reduce discriminatory hiring practices, create a better experience for candidates and are better predictors of success. Yet a survey of 100 organizations indicated that 62% of companies were not practicing structured interviews consistently.
As a former Fortune 500 Talent Acquisition Manager, the company’s founder had become frustrated with a lack of easy-to-use solutions for finding good interview questions for interviewing job candidates and the inconsistencies across all parties responsible in the hiring process of a company. He created this SaaS business with the goal of providing a software platform that helps companies establish a more structured, data-driven hiring process. It is a subscription based model with high-profile company clients under contract each with over $1 billion dollars in annual revenues and new clients currently in the pipeline to sign-on.
This business is operated by one owner handling the sales process, new account setup, customer support and delegating tasks to two contractors. The owner also provides recruiting consulting services for clients as requested. The contractors are hired as needed with one handling development, graphic work, helpdesk services, and the second an I/O Phycologist responsible for writing the interview questions. It is operated from a home-based office, is easily relocatable and can be operated from any location with internet access.
This opportunity is ideal for:
*Someone who has experience growing enterprise SaaS businesses or wants to enter that market and is willing to learn the nuances.
*An existing HR Technology company who wants to buy access to the existing enterprise clients and perhaps continue growing the product or integrate it into their own.
*A non-techie, HR/Recruiting/Talent Assessment consultant who wants to extend their services to provide a software offering. This company could be life-changing in this scenario by potentially doubling this individual’s annual income.
This company has proven sales and profitability with high-profile clients, high-quality software services, high net profit margins, a clean website design and credibility with a stellar reputation. The acquisition of this business instantly gives a new buyer a foothold with large enterprise clients and an excellent foundation from which to springboard for future growth!