Flexhire is an online high-volume recruiting and candidate management system for high-turnover businesses that deal with large numbers of candidates. Flexhire has two distinct functions: (1) it helps people find jobs and (2) it helps employers recruit, track, and screen applicants all on-line. Flexhire is not a job board. It has a job search section for people seeking employment: you fill out Universal Job Application that can be shared with employers over and over again. You can search for jobs by geography and sector.
But Flexhire is so much more than that. Much of Flexhire’s value resides in the software that is visible only to employers. Flexhire’s software-as-a-service (SaaS) for employers includes text-based job alerts, hosted employment websites, applicant tracking systems, pre-employment testing, background checks, and more.
In this sense, Flexhire is both a consumer Internet application and a robust web-based enterprise application that specifically targets high-turnover businesses.
Flexhire makes money by charging employers for its recruiting and candidate management system. At the time of this writing, Flexhire charges a company $249 for hiring in one location with unlimited job postings, and employee searches for 30 days. For 2 to 4 locations, Flexhire charges $499. Flexhire has high-volume pricing discounts, too. Flexhire has a Text2Hire ”Pay as you go” service using text-based job applications (prices start at $100 for 100 messages).
Q&A with Joe Regallis, co-founder of Flexhire
Who is behind Flexhire? When did you launch?
Michael Cate and I started Flexhire. We launched it in January 2009.
Where are you based?
Cleveland, Ohio.
Are you self-funded or angel-funded?
We are self-funded.
What inspired you to launch Flexhire?
My previous experience as a retail merchandiser and point-of-sale consultant exposed a gap in the market. High-turnover businesses are underserved, and still rely on traditional processes for recruiting, tracking, and selecting applicants.
How do you plan to make money?
Flexhire has several revenue streams including:
- recruiting tools (job boards, advertising)
- applicant tracking systems
- white label website integration
- hosted solutions
- Text2Hire text message job alerts and application processing
- commissions from sales of partners’ products and services
- third party advertising revenue
What is the strength of Flexhire compared to other systems?
Flexhire has a turn-key SaaS model that can be sold to clients in whole or in part. Our system is flexible enough to fit a specific need or provide an entire solution. We offer traditional job postings and website recruiting, as well as applicant tracking and candidate management systems to keep track of high volumes of candidates.
Furthermore, we offer integrated pre-employment testing, screening, and background verification tools from our third-party providers. Our systems can be re-branded and sold to third parties that can host the Flexhire technology and resell it. For example, a Chamber of Commerce can purchase the Flexhire hosted solution for their website. The Chamber can then administer the functionality and resell the employment services to the members of the Chamber, thus creating a revenue stream for Flexhire (as well as helping to build Flexhire’s database of job seekers and advertising revenue).
Where do you see Flexhire in a year?
Flexhire is working to increase awareness and market share while continuing to improve its products and services. We will be moving from a large beta-test marketing in the Cleveland, Ohio market to placement in larger retail and mall operations throughout the United States. We will also be moving into the Spanish speaking job space as well as foreign solutions for China. We are developing GPS job location services.
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