Efficient vs. Effective Distribution of Advice
The recruiting and placement of ability must be improved for effectiveness, not only optimized for efficiency. By solely focusing on optimization, past solutions are merely failing faster and faster to recruit and place the right talent at the right fit. Past results are dismal, as evidenced by the percentage (72%, according to Gallup) of workers who are not engaged at work. In my opinion, currently, there is a lack of leadership to improve recruiting and placement effectiveness in the long tail of markets. So, we are going to be that leader.
A 2011 Harris Interactive poll commissioned by the National Career Development Association (NCDA) provides clear feedback regarding those who provide career advice: career practitioners are a vital resource for the livelihood of workforces and are underutilized relative to their potential need and value. In the poll, 24% of adults report having visited a career practitioner, and 86% of them found it helpful. However, there are not enough career practitioners, in the traditional sense, to cover the masses, and there never will be, in the conventional sense.
Instead, Placement Loop embraces the role of industry expert to deliver recruiting and placement advice that is “good enough” to serve the masses. Indeed, we are architecting our technology to support a layer of industry expert networks that will serve the market. To that end, our placement ecosystem design is supportive and accommodating of the shift away from centralized control and coordination towards collaboration and discovery at the edge. Our design is about participants over platforms and individuals over institutions.
In addition, Placement Loop views human capital similarly to how financial services companies view financial capital —that is, from a traditional brokerage and distribution perspective. We utilize proven advisory models that effectively distribute financial products to design solutions for the distribution of ability, treating it as a product. Not only does this provide insight into recruiting and placing permanent workers at the right fit, but it also addresses the growing market of independent workers.
The solutions are simple, although quite complex to execute. The good news is that technology and methodology have advanced, and network effects are better understood, increasing confidence in delivering utility that is effective enough.
Placement Loop aims to facilitate the delivery of recruitment and placement advice from industry experts who are already deeply embedded in their respective industries and communities. We strive to provide a platform for all recruiting and placement participants in these communities, enabling them to save time in their quest to make better decisions more quickly. Sound familiar? That’s the foundation of how the financial services industry works.
Placement Loop is designing a solution for industry experts to become network entrepreneurs in the industry or sector that they are passionate about.
How profitable will it be in the future to be a network entrepreneur in this space? Sign up on our website to learn more when we open up your sector or “loop”.
