October 2, 2017
Scout Launches Search Firm Recruiter Ratings to Enhance Trust and Transparency in the Marketplace
Machine Generated Approach Assures Objectivity while Encouraging Marketplace Recruiting Best Practices
BOSTON, MA – Oct. 2, 2017 – Scout Exchange, a platform for marketplace recruiting, today announced the launch of Search Firm Recruiter Ratings. Unlike most marketplaces, Scout’s ratings are machine-generated and based on quantifiable data reflecting a recruiter’s past performance relative to peers in similar situations. The new rating complements the company’s existing Employer Rating and is designed to enhance trust, transparency and marketplace objectivity.
“This launch marks an important milestone in Scout’s roadmap and our ability to ensure best practices for all marketplace participants,” said Robert McDonald, Director of Product Management at Scout. “Recruiter ratings are especially valuable for building employer confidence in search firms they have not worked with previously.”
In addition to benefitting employers, Scout’s ratings help search firm recruiters by providing a feedback mechanism to measure their success in the marketplace. The ratings also increase the number of job placement opportunities and recommendations recruiters receive.
Separately from the overall recruiter rating, Scout generates job category ratings that assess a recruiter’s performance relative to peers within a single job category. This category rating is particularly beneficial, considering a recent Scout survey found that 91 percent of successful job placements are made by specialty recruiters with a proven track record of success in a specific job category.
Scout’s CEO, Ken Lazarus, has been an outspoken proponent on the power of marketplace ratings, which have been used for years in consumer marketplaces as a critical driver of engendering user trust. In a recent TED talk, Airbnb co-founder Joe Gebbia recognized the critical role that ratings played in helping to alleviate a host’s fear of “stranger danger” during the early days of home sharing.
“Ratings are no longer just for consumer marketplaces,” said Lazarus. “We’ve seen from our own data that employers with ratings on our platform achieve 3-4X better recruiting results, including higher quality candidates and faster time to fill,” he said.
About Scout Exchange
Scout’s platform for marketplace recruiting is a new, data-driven way to connect premier employers and search firms to fill jobs with great talent. Combining the power of marketplace dynamics with machine learning, Scout delivers better recruiting results, improved efficiency and lower costs. Seamlessly integrated with Applicant Tracking Systems used by 90%+ of enterprise companies, Scout is trusted by hundreds of employers, including 50 Fortune 500 companies, and thousands of recruiters. To unleash the benefits of marketplace recruiting for your business visit www.goscoutgo.com.
Director of Communications, Scout Exchange