JobsIIT: Creating a jobs marketplace for IITians and top notch recruiters
How the idea clicked?
Khandelwal had worked with TCS for about two years and understood the whole services spaces. “I had a very close friend from IIT who was looking for a job and to my surprise he couldn't get job for 3-4 months. Reason being, for a lot of companies he was overqualified and with others it was difficult to get in touch with directly. Also, big names like naukri/monster couldn't help him - probably his resume got crowded out,” reminisces Khandelwal. At that point of time, Khandelwal realized a strong need for a niche marketplace connecting top engineering college jobseekers and top-notch recruiters.
Jobsiit started about an year ago formally with focus on connecting graduates and alumni of elite colleges (IITs/NITs/BITS etc.) with premier recruiters. “There are several steps involved in ensuring the quality of engineers,” says Khandelwal. Jobsiit performs internal screening on many criteria before forwarding resumes to the recruiters. This quality assessment ensures that the resumes that recruiters get from its website are not only quality resumes but also matches their job description.
Currently, the company gets almost 20-30 jobs everyday from recruiters but generally it posts 5-10 jobs which fulfills certain criteria (e.g. package of Rs. 5-6+ Lakhs etc.). “This is to ensure the quality of the jobs that gets posted on our website. We take an exception in case of jobs posted by start-up companies since many start-ups can't afford this much salary and want to reward employees through ESOPs etc,” adds Khandelwal.
USP and competition
Jobsiit’s USP is the quality - quality of candidates that recruiters get from its website and quality of jobs that jobseekers find. “Our focus on the top-engineering professionals and graduates, rather than on all the streams and the full market place,” emphasizes Khandelwal.
The company believes, right now, Jobsiit is the only job portal in India which exclusively focuses on connecting top-engineering minds from IITs/NITs/BITS/IIITs/others with recruiters. Though, there are couple of other players but they either cater to both MBA and engineering talent or they are a crowded market place which is not exclusive for top engineering colleges.