The Search Party: A Case Study of Disruptive Technology in Recruitment

Desklib provides past papers and solved assignments. This report analyzes The Search Party's impact on the recruitment industry.

1
ICT710 ICT Professional Practice & Ethics Task 1
ICT710 ICT Professional Practice & Ethics Task 1
Student Name:
Student Number:
Lecturer Name:
Due Date:

2
ICT710 ICT Professional Practice & Ethics Task 1
The search party is an Australian start-up which revolutionized the process of recruiting and
hiring in a business organization. The business was established in 2011 in order to develop a
technology that transforms and simplifies the recruiting and hiring processes in different
industries. The business focuses on increasing productivity and efficiency in the business of
recruitment and selection (Deloitte, 2019). It has been identified that by quarter 2 of 2014 the
business provided more than seven million verified candidates to 200 of its signed up employers.
The business also works with recruitment agencies in the markets of the United Kingdom and
Australia. It has been seen that the Search Party is making its way upward in the business
environment in relation to the technology sector by hiring skilled and experienced individuals.
The business has gained massive success due to the path-breaking and innovative business model
or strategy developed through its operations. It has been observed that The Search Party has
reduced average hiring time for the candidates from 81 days to 12 days on an industry average.
This innovative and digital disruption caused by the business in the market has also provided for
reducing the hiring cost up to 9% on the industry average. The business services and operations
have supported increasing the talent base for the markets and the industries (Bender, 2014).
Various business organizations have signed up with the search party in order to avail the benefits
of cheaper recruitment and hiring processes.
The impact of this digital disruption has highly contributed towards the efficiency and
productivity in different markets and industries. The recruitment industry required innovation
and simplified processes that could process out the needs and requirements of different recruiters
in a cost-effective manner. The business disruption idea of The Search Party has proven to be a
massive success for the denotations of innovative and inevitably disruptive technology. The

3
ICT710 ICT Professional Practice & Ethics Task 1
business idea has changed the functions and manners in which the recruitment industry operates.
The business is yet to wait for the development of any other disruptive technology as it is one of
a kind platform for thousands of recruiters (Bender, 2014). The business was focused to engage
in tech-savvy platforms that create opportunities for the recruiters and job seeking individuals to
collaborate and work out the conditions of employment. It is driven on the systems of automated
recruitment service which through the interactions with technology commoditise the services for
recruiters.
The business has a competitive advantage of working in a manner opposed to the industry norms.
The business first finds a candidate and aligns the employers as per the needs and requirements
of the candidates and not the other way around. This has enabled The Search Party to develop a
strong and effective candidate base within no time and costs. The employer's login to their
respective accounts for free and enter the details of their employment and offerings for the
candidates to chose from (Bender, 2014). The candidates are automatically selected according to
the skills, salaries and other details entered by the candidates. The website of The Search Party
constantly uses evolving and dynamic CVs to identify the best mix of candidates for millions of
job offers provided on the website and portals. The business has evolved a global platform for
recruiters and employers to collaborate and undertake business in both time and cost-effective
manner. When an employer identifies a suitable candidate, they make an offer to the recruiter
and secure the candidates for further processions (Bender, 2014). If the match succeeds and
employment is secured the employer pays a recruitment fee to The Search Party. This fee is
passed on to the recruiter a minus of 20% as a commission fee for The Search Party.
This process of direct employment and simplified payment systems results in a reduced amount
of time invested and costs engaged in the recruitment of required candidates. The CEO of The

4
ICT710 ICT Professional Practice & Ethics Task 1
Search Party states there are more than 100 employers connected to the business on a global
platform (CrunchBase, 2019). These global brands have developed an interest in the time and
cost-effective process of recruitment provided by business operations. This disruptive technology
and business model has thus significantly improvised the recruitment industry and markets.

5
ICT710 ICT Professional Practice & Ethics Task 1
References
Bender. A., (2014). Australian startup snapshot: The Search Party. [Online]. Techworld. Retrieved at:
https://www.techworld.com.au/article/539626/australian_startup_snapshot_search_party.
CrunchBase. (2019). Search Party. [Online]. CrunchBase. Retrieved at:
https://www.crunchbase.com/organization/the-search-party.
Deloitte. (2019). Digital disruption - Harnessing the ‘bang’. [Online]. Deloitte. Retrieved at:
https://www2.deloitte.com/au/en/pages/building-lucky-country/articles/digital-disruption-
case-studies.html.