jobpiper - an inside look
TRANSCRIPT
COFOUNDED BY DERIK KRAUSS, RYAN HARMON, & RYAN KOHLER
PROVO, UT
Legendary companies are built by great people.
Hire great people by “cloning” top employees.
We Believe People Have Infinite Potential
Only 29% of employees are engaged (Gallup)
Average cost of turnover: 150% of salary
The unfortunate truth:
80%
Companies hire the wrong employees
Costs companies billions of dollars in turnover and low performance.
COMPANIES HIRE THE WRONG EMPLOYEES
Link to Harvard Study
Average annual turnover: 39% (BLS)
of the time(Harvard)
Companies hire low performers because they lack the information needed to identify top performers.
Additionally, companies often do not have access to top performers.
WHY COMPANIES HIRE THE WRONG PEOPLE
THE JOBPIPER CLONING PLATFORM
Hiring the best person requires lots of information and candidates.
Cloning Platform: Using the information
gathered about candidates, positions, and
companies, JobPiper’s cloning platform
automatically predicts which candidates are
clones of your top performers.
Candidates: Successful hiring requires access to lots of great
candidates. JobPiper’s powerful competitive advantage is a
database of candidates who can be matched to a company.
Information: Hiring the best candidate requires lots of useful
information about the candidate, position, and company.
JobPiper clones top performers based on abilities, behaviors,
education, experience, income expectations, and locations.
3 Steps to Start Cloning:
Step 1: Create a cloning benchmark
Step 2: Use JobPiper’s software to identify clones
Step 3: JobPiper finds clones for you
Step 1: Create a cloning benchmarkA company’s top-performing employees complete JobPiper profiles and the results are used to create a cloning benchmark (see Figure 1 below). This cloning benchmark provides information needed to identify top performers. Figure 2 validates the accuracy of the cloning benchmark by showing how low performers differ from top performers.
Figure 1: Figure 2:
LOW PERFORMERS TOP PERFORMERS
Step 2: Use JobPiper’s software to identify clones
Jill’s Profile:
Jill completed a JobPiper profile. Her results are compared to MX’s Cloning
Benchmark to see if she’s a good match.
MX’s Cloning Benchmark:
Job candidates like Jill who match MX’s cloning benchmark are more likely to be
top-performing employees.MATCH!
Step 2 (Continued): ROI of JobPiper’s cloning software
Low performers are more likely to quit or be terminated, leading to high turnover costs. However, the most painful cost is low performance. Low performance costs companies millions of dollars.
JobPiper ROI calculation:
$665,000 Lost revenue per year for one low
performer (real number from a
JobPiper client)
$3,990 One-year cost of JobPiper’s cloning
software (based on appropriate estimate)
167x ROIEvery time a top performer is
hired instead of a low performer
JobPiper’s cloning software helps companies hire top performers instead of low performers. Below is an example of the ROI our clients can expect.
Step 3: JobPiper finds clones for youWe’ll do all the cloning work, but you can have all the glory. JobPiper provides candidates from its database who
match your cloning benchmark. You just interview the clones you want, make a hiring decision, and become a legend.
413,245 JOB CANDIDATES IN JOBPIPER’S
DATABASE AS OF DECEMBER 2014
JobPiper finds clones using its database of job candidates:
Chad Perry VP of Sales, MX
WHAT DO OUR CUSTOMERS HAVE TO SAY?
“Finding talent based on matching attributes is exactly
how to build a team.”
1,000,000 JOB CANDIDATES BY DECEMBER 2015
413,245 JOB CANDIDATES IN OUR DATABASE TODAY
30,000 NEW JOB CANDIDATES PER MONTH
Most candidates sign up for JobPiper through our widget, which sits on career websites:
2,272 companies use the JobPiper widget
on their career websites:
Currently, our widget loads 60 times per second
OUR DATABASE OF JOB CANDIDATES
THE TEAM THAT’S MAKING IT HAPPEN
Derik Krauss CEO
Ryan Kohler Investor/Advisor
Ryan Harmon CMO
• Screenie (HR software startup): Closed deals with some of Screenie's first clients. Lead generation.
• GoBaconJerky.com: Sold $10,000 in first 30 days of business. Earned international attention. Created relationships with wholesale buyers.
• B.S. Entrepreneurship, Brigham Young University
• 6 years of experience in marketing, branding, and UX.
• Designer for Screenie.
• 3 years working in startups: Rumple, EventPutty, Screenie, and JobPiper.
We’re disrupting the
$130B recruiting
market and changing
the world. Seriously.
• CEO of ApplicantPro, an Inc. 5000 company
• 9 years in HR software space
Derik Krauss, CEO
linkedin.com/in/derikkrauss
661.979.9395
GET IN TOUCH