This is the ninth article in a 10-part series for recruiting professionals and entrepreneurs who are interested in joining the Lakeshore platform. To read the previous eight articles and learn more about this and other reasons to join Lakeshore, you can visit our series homepage.
Everyone seems to be out to change the world these days.
So how does a company come along and, seemingly out of the blue, come up with a way of doing something so much better than before that it captures a huge chunk of market share and disrupts a big industry that’s been around forever?
It’s not impossible. Take Uber for example. The company single-handedly innovated the taxi industry, that previously hadn’t changed since the metropolitanization of cities in the 1850s.
The same can be said about the staffing industry, which dates back to the 1940’s as a result of WWII, and hasn’t seen much change since then. So how does the staffing industry need to evolve in order to disrupt the way people have been doing things since the 40’s and have a positive impact?
A successful disrupter in the recruiting industry will provide a valuation that rivals legacy and modern tech tool businesses. But how will that happen? By combining a collaborative marketplace with technology.
The idea behind a collaborative marketplace is one that results in the sharing of prestige, recognition, profits and decision making. A collaborative network allows everyone to take advantage of shared resources with aligned incentives, which results in multiplied results and ultimately happier customers.
It also creates normalcy and rewards for the right outcome. The competitive advantage goes to the best supply and service, therefore having a free market drives pressure and normalization.
Similarly, a technology-enabled marketplace is the future of business because it empowers the individual. More importantly, it has made the fulfillment of immediate or impulsive needs possible and convenient. A successful disruptive marketplace in the recruiting industry will allow employers the flexibility to hire one or dozens of candidates. As hiring needs increase – scale up. As things wind down – scale down.
Disruption is everywhere. And it has grown so much in the past few years to the point where it has impacted nearly all industries, so it was only a matter of time until the staffing industry followed suit.