Finding the right talent for your organization is a time-consuming and expensive process. There are several steps to complete: You need to create a job post and consider where to place it to find the right candidates, vet the candidates’ credentials and review their references, bring them in to interview, and—finally—complete substantial paperwork to officially offer them the job. EmployStream in Cleveland, Ohio, helps high-volume employers eliminate costly mistakes, expenses and delays from their employee onboarding processes.
“It’s a very candidate, talent-driven world right now. Employers are really fighting to get access to and get the attention of the talent that they need to run their business,” said Rob Sable, founder & CTO of EmployStream. “Any advantage we can give people in terms of a faster, easier application and onboarding process really becomes a competitive advantage for the employer. They’re competing for the same talent with hundreds or thousands of other companies, so the ability to get people through this process more efficiently is huge for our customers.”
This software-as-a-service platform was built to address the unique needs of high-volume, high-turnover employers such as staffing agencies. Recruiting and hiring new employees is especially tedious and expensive for these 20,000+ staffing companies in the U.S. characterized by frequent, sizable hiring. EmployStream is also targeting businesses that rely on contractors over long-term, full-time employees.
The value of EmployStream is in its multi-functional, completely paperless design. From initial job postings to candidate communications, the software streamlines processes and tracks the progress of each job candidate to ensure nothing is duplicated. The software combines various portals into one platform, such as a self-service management console, careers portal and employee portal. By housing these under one platform and tracking progress, EmployStream reduces time spent on paperwork and can save companies up to 90% of the cost.
“We initially developed this technology for internal use at a company my co-founder and I worked at which was hiring 7,500 people a year. The more we talked to people in the industry, the more we realized we’d addressed a very common complaint. So, we developed early prototypes and really focused on perfecting the product, building a customer base, generating revenue and collecting data we could use before looking outward for support.”
EmployStream advanced its technology with the support of JumpStart, the Health-Tech Corridor Attraction Fund and the North Coast Angel Fund, all northeast Ohio regional partners of Ohio Third Frontier. With this support, EmployStream was able to add integration options to work in conjunction with other HR and payroll apps and service technologies, to provide more dynamic solutions. Sable believes that northeast Ohio’s reputation of grit and hard work played a pivotal role in EmployStream’s early success.
“Investors in the Midwest realize that you don’t have to be on the coast to be successful. I think a lot of people in the industry give a preference to the coasts. But it fits into the Cleveland, Midwest underdog mentality,” said Sable. “No one handed anything to us. We proved our product and attracted customers, which helped us earn investment and community support. I think that Midwest mentality of not being afraid to roll up your sleeves and work hard for what you want is why we’ve been—and will continue to be—successful.”