JobRewards – No.1 Rewarding Job Platform in Malaysia 卓利(JobRewards)- 全马第一有奖赏的工作平台

RM 335,000
Investors 18
Minimum Investment RM 200,000
Funding Goal RM 500,000
Funding Period
16/12/2020 - 10/01/2021
Funded Successfully

JobRewards

The Inspiration

 

Back in 2010, a friend of mine just started out his career as an engineer for a local tech company. As a fresh grad, things were going pretty well – the pay was good with plenty of performance opportunities. He took up a part-time master course for career development because he considered himself financially stable.

 

But that stability turned into crumbs the moment the company announced they were downsizing due to financial difficulties. According to the Last In First Out policy, my friend, John, who was only 18 months into the job, was among the unfortunate employees to be let go.

 

With little savings and only 1-month compensation, John needed to get a new job as soon as possible to finance his daily expenses and part-time education. He tried applying through online job boards. But after sending out resume after resume, frustration replaces hope as no interviews came his way. Soon days turned into weeks, weeks into months, and John was left with no choice but to ask his parents for financial aid. In the end, he did get a job, but it was already 6 months later with a 10% pay cut.

 

John’s story is a universal story shared by many. It is almost impossible to foresee the loss of jobs due to failing businesses or economic downturns. But when it happens, the need to secure a new job fast without compromising the pay and quality of the job becomes a real predicament. Experiencing this predicament first hand, John, now my business partner, has inspired me to make a difference for people in need of the right jobs, and fast.

 

And this story became the spark that ignites our passion for starting up JobRewards.

 

The Beginning

 

I have known John since our Intel days. We used to brainstorm business ideas with a few friends and deep down I know like me, he has the ambition, guts and entrepreneur heart within him. However, our time working together is short-lived as we went separate ways. While John moved to Sarawak to pursue a path in management, I went for an AI (Artificial Intelligence) engineering role.

 

Then in mid-2019, I bumped into John during my lunch break. When he told me he was back to Penang for good, I asked him out for coffee to catch up. We talked about our career so far and the good old days when we used to brainstorm business ideas. That was when John shared his story about how difficult it was to get a job fast without compromising on the pay, and then an idea was seeded in our minds - what if, we can change the game in the current job recruitment landscape? That finding new jobs can not only be fast and easy but also rewarding? The fire to make a difference is ignited, and we know it was the right time to start up something together.

 

At the time, both of us still have a full-time job so we can only meet after work. As our late-night rendezvous for brainstorming continued for months, we came out with a concrete plan to make our idea work.

 

We need to identify our position in the current job recruitment market and decide which direction of growth we want to pursue. We started talking to close friends and family members for ideas and did extensive research on job industries in Malaysia and the current hiring trends in Southeast Asia (SEA).

 

We found out that the job recruitment industry is evergreen and fast-growing, and also there is a rising demand for professionals in SEA, so there is a big market to capture. Therefore, to outcompete the rest, we are going to position ourselves as a cost-effective and quality-assured job recruitment agency and one-stop solution for both employers and job-seekers. 

 

The Job Problem

 

Traditional job posting often attracts irrelevant candidates. Despite paying a premium, many companies often waste a lot of time and manpower filtering through every candidate who responds to the job post before they can even interview relevant ones. Given anyone, even without the right qualifications and criteria, can just click “apply”, there is no way to guarantee the quality of candidates.

 

By relying on job posting itself is also too passive, especially for companies needing new staff urgently. In the end, many companies still have to turn to recruitment agencies or head hunters who will often charge a hefty commission for their services. Although, highly-talented candidates who have been head-hunted may not be interested in making a move because the salary is just not attractive enough. There is just not enough motivation to switch jobs.

 

From the perspective of job seekers, many candidates are unable to find the right job through the job posting. With so many “competitors”, by the time the company has filtered through the mountains of applicants to arrange for an interview, that may be months later and the candidate may have already taken another job for better or worse. Even if not, so much time has been wasted unnecessarily before the candidate can even get an interview for the job. This limits the potential of talented jobseekers landing the right job. 

 

In short, there is still a gap in the current system to efficiently (fast & easily) bridge the right talents to the right employers and vice versa.

 

The Rewards Solution

 

Since we set up JobRewards in January 2020, we have devised simple solutions to address the gap:

 

From the employer’s perspective, we aim to lower the hiring cost while shortening the time of delivering qualified candidates. Our services are value for money as our rate is affordable and services professional. Our core team is made up of a bunch of passionate, energetic and tech-savvy talents who are pros in working smart and fast to boost hiring efficiency.

 

The more recruiters we have, the faster we can deliver qualified candidates to our partners. As such, we came up with the solution of tapping into the sharing economy - by adopting an Open For All (OFA) recruiting model. Through this model, we allow part-time recruiters to access our platform and pay them on a case-by-case basis. But to maintain the quality of our services, our in-house core team will be the ones to deal with our partners and listen closely to their needs. 

 

From the perspective of job seekers, our professional team will only recommend the right jobs to our candidates, as we also strive to bridge qualified candidates with quality companies. To build a stable user base and to reward our candidates for getting a new job or making a move to develop their career paths, we are giving out a chunk of our service fees as a 5% annual salary bonus reward to our users who secured a job through us. 

 

As a complementary approach to shorten candidate delivery time, not only are we providing professional job recruitment services, we also allow companies who still want to do job posting to post on our website to advertise vacancies for free.

 

The Future Expansion

 

Although job recruitment is an 'old' industry, we aspire to be the pioneer and leader in disrupting the old ways of doing recruitment - because finding the right job should be easy and equally rewarding.

 

We are launching our crowdfunding campaign to help raise funds to realize that vision. Funds raised will be used for the following:

 

1. Fleet: Expanding our current core team and OFA recruiters.

 

2. AI: Expanding our R&D team to focus on fine-tuning and integrating Artificial Intelligence (AI) as part of our job matching program to boost hiring efficiency. We believe AI is the future for mundane tasks and data is the greatest asset now.

 

3. Blockchain: With our expanding user and client base, we plan to integrate blockchain technology to ensure our client and user data are kept securely.

 

4. Digital Marketing: As the average person now spends a lot of time connected to the internet, digital marketing has become the most cost-effective way of marketing our services. We are riding on this trend to reach out to a wider audience.

 

Therefore, we are shouting out to like-minded investors to join in our quest to revolutionize the job recruitment cycle and culture.

 

The time is now for Right Jobs, Real Rewards.

 


Team 

 


Term Sheet


Founder Pitch Deck

灵感

2010年的时候,我的朋友在一家本地的科技公司担任工程师。身为一位应届毕业生的他,一切都很顺利。他有一份好工资和很多表现的机会。因为觉得收入稳定,他也报读了硕士课程来提升自己。

但看似稳定的生活,却因公司面对财务困境,无预警的宣布消减规模而成为泡影。根据后进先出的方针,才在那家公司上班十八个月的朋友,约翰,就不得幸免的被辞退了。

 

身存仅有的储蓄及一个月的补偿金,约翰急需尽快的找到工来维持生计研究院学习。他尝试在网上找工,也不断发出简历,但音讯全无,希望变为失望一日复一日,约翰就在别无选择之下向父母请求经济资助。最后他终于求职成功,但已经六个月后,而且工资还少了一成

 

像约翰这样的经历实在太普遍了。我们没法预测公司倒闭或经济萧条而接踵而来的失业率。但事情发生时,要在短时间内不减少原有薪资,又不牺牲工质条件下,要寻找一份新工作是很困难的。现在已是我生意伙伴约翰,他的亲身经历启发我,协助他人尽快找到一份好工。

 

这个故事也成为了我们开创卓利(JobRewards)的燎原之火。

 

开始

 

我在英特尔工作时已经认识约翰了。我们经常与几个朋友一起规划理念,我深知他和我拥同样的志向胆量和创业的心。但是,我们一起短暂共事后就各奔前程。约翰去了砂劳越进入企业管理的领域,我则选择了人工智能工程的领域

 

2019中旬,我在午餐的时候和约翰偶遇了。当他告诉我他决定待在槟城的时候,我便邀请他去喝咖啡聊天。我们聊了各自的事业和一些我们一起谈论理念的往事。那时约翰分享了快速求职,不被减薪困难。就在那时,我们有了一个同样的理念-如何改变整个招募工作局势?有没有一个方案可以让求职变简单,而且又有奖励?改变之火再次燃起,我们知道这是个创业的好机会。

 

那时我们各有全职工作所以只能下班后才见面。经过了几个月的会面和规划,我们有了一个比较具体的的方案,让理念可以化为实际

 

我们必须确定我们在招聘领域位置,将来要发展的方向。我们开始与亲友和亲人讨论理念,并深入研究马来西亚现存的工商业趋势,以及目前东南亚的招聘趋势。

 

我们发现招聘行业是个长青和快速成长的领域,而且东南亚对专业人士的需求节节上升,所以市场是很庞大的。如果要在竞争中取胜,我们的方案必须能提供一条龙服务,并让雇主和求职者达到双赢,还要保证品质。 

 

职场的问题

 

传统的招聘启事经常吸引一些不相关的求职者。即便是花了很高的价钱,很多公司在能面试适合的求职者前,需浪费许多时间和人力去进行筛选。原因就在于无论相关与否,每个人都可以按下申请的按钮,根本没法确认求职者的质量。

 

单靠招聘启事是很被动的, 尤其是急着请人的公司。最终,很多公司还是得转向佣金昂贵的招聘机构或猎头公司的服务。尽管如此有很多被猎的高素质人才并不都想要换工,因为没有吸引力的工资促使他们改变

 

站在求职者的视角,很多求职者并不能通过招聘启事找到适合的工作。在那么多竞争者下,等到公司把堆积如山的申请者筛选完再安排面试时已经是几个月后的事了,而求职者也可能已经找到更好或不好的工作。即便没有,很多时间都被浪费在不必要的事上才能成功面试。这也限制了很多有潜质的人才找到对的工。

 

总结来说,现有的系统如何将对的人才和对的雇主作有效率的对接,这方面还是有明显的间隙。

 

有奖励的方案  

 

2020一月成立开始,我们计划了几个简单的方案来回应这个间隙:

 

站在雇主的视角,我们的目标是减低招聘成本同时缩短提供有素质人选的时间。因价钱公道和专业服务,所以我们的服务是物超所值我们的核心团队是一班热情、精力充沛和精通技术的专才,他们能增加聘请效率。

 

拥有越多的招聘人能快速的把合格的求职者交给我们的伙伴。因此,我们也设计了一个经济共享模式的解决方案,我们称之为开源招聘(OFA)模式。通过这个模式,我们业余招聘人使用我们的平台,并根据各个案来发放奖励。但为了确保服务品质,内部核心团队会我们的商业伙伴密切工作并聆听他们的需求。

 

站在求职者的视角,我们的专业团队只把最好的工作介绍给他们,因为我们致力把优质人才和优质公司作对接 。为了建立一个稳固的用户库,并奖励找到新工作或想提升就业路径的求职者,我们把服务费的一大块,以5%年薪奖励付给透过我们而找到工作的用户。

 

为了辅助减短交货时间,我们不但提供专业的招聘服务,我们也让想作招聘启事的公司在我们的网页免费为职位空缺打广告。

 

未来扩张

虽然工作招聘是个行业,我们立志成为毁灭招聘老方法的先锋和领袖 - 因为找到对的工作应该是简单和相对有酬劳的。

 

我们将开启我们的众筹活动来协助实现我们的梦想。筹募到的款项将会用来:

 

1.舰队:扩张我们的现有核心团队和OFA招聘人。

 

​​​​​​2.人工智能:扩张我们的研发团队,以调整和整合工作匹配程序中的人工智能(AI)来促进招聘的效率。我们相信AI未来日常工作的一部分,而现在数据是最大的资产。

 

3.区块链:依着我们不断扩张的用户和客户库,我们计划结合区块链技术,以确保我们客户和用户数据是安全的。

 

4.数字营销: 现今普通人花很多时间在互联网上,数字营销已成为我们服务的最有效的营销方式。我们将乘着这个趋势来达到更广的用户。

 

 

因此,我们呼吁所有志趣相投的投资家参与这个工作招聘循环和文化的改革。

 

 

好工作,好奖励就是现在了!

 

 


团队

 

 

 

 

    

 


Term Sheet


Founder Pitch Deck

Updates on the project will be shared here.

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Disclaimer by Securities Commission

  • No shares will be allotted or issued based on this document after six months from the closing of the offer period.
  • This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007.
  • This document has not been reviewed by the Securities Commission Malaysia. The Securities Commission does not recommend nor assumes responsibility for any information including any statement, opinion or report disclosed in relation to this fund raising exercise and makes no representation as to its accuracy or completeness. The Securities Commission expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information disclosed.
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