On­line job ser­vice to de­velop soft­ware in Austin

Boun­tyJobs eye­ing tech tal­ent as it ex­pands of­fer­ings to help con­nect em­ploy­ers, re­cruiters

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE - By Lori Hawkins AMER­I­CAN-STATES­MAN STAFF

Boun­tyJobs Inc., a New York-based on­line re­cruit­ing com­pany, is open­ing a soft­ware devel­op­ment of­fice in Austin to tap into the tal­ent pool in Cen­tral Texas.

Founded in 2006, Boun­tyJobs op­er­ates a web- site that con­nects em­ploy­ers with re­cruiters.

Boun­tyJobs says it counts a third of the com­pa­nies in the For­tune 500 as cus­tomers, in­clud­ing Col­gate-Pal­mo­live Co., Proc­ter & Gam­ble Co. and Pepsi Co. Inc. The ser­vice is used by more than 50 Austin em­ploy­ers, in­clud­ing by St. Da- vid’s Health­care to hire reg­is­tered nurses and by Freescale Semi­con­duc­tor Inc. and Cir­rus Logic Inc. to find en­gi­neers.

Boun­tyJobs CEO Mike Hard said all of the com­pany’s soft­ware devel­op­ment will be han­dled in Austin. The com­pany, which has 30 em­ploy­ees, is look­ing for of­fice space in North­west Austin and plans to hire up to 10 soft­ware de­vel­op­ers over the next year, he said.

Hard said the com­pany, which has raised $15.5 mil­lion from in­vestors in­clud­ing Grey­lock Part­ners and Ac­cel Part­ners, looked at other

cities for its technology team and also con­sid­ered keep­ing it in New York. It ul­ti­mately chose Austin be­cause of its strong base of technology tal­ent with ex­pe­ri­ence serv­ing busi­ness mar­kets.

“In New York, the soft­ware de­vel­op­ers you tend to find are do­ing work for large fi­nan­cial in­sti­tu­tions or for Sil­i­con Al­ley, which is heav­ily me­dia. Austin has a tremen­dous pool of peo­ple do­ing (busi­nessto-busi­ness) work, and many have ex­pe­ri­ence work­ing at star­tups,” Hard said.

Boun­tyJob’s web­site lets com­pa­nies post job open­ings and the “bounty” or fee they will pay if they fill them. Re­cruiters re­spond to the post­ings, and the com­pany chooses one based on their pitch. (Boun­tyJobs has 10,000 search pro­fes­sion­als from around the world in its search sys­tem.)

When a re­cruiter makes a place­ment, Boun­tyJobs keeps 25 per­cent of the fi­nal bounty; the re­cruiter gets the re­main­ing 75 per­cent. If the new hire doesn’t last for a spec­i­fied pe­riod of up to 90 days, the em­ployer gets a re­fund.

Boun­tyJobs said its av­er­age bounty trans­ac­tion is more than $20,000.

Erica Berger, a re­cruiter at Las Coli­nas Med­i­cal Cen­ter in Irv­ing, said Boun­tyJobs has re­duced the time needed to fill a num­ber of spe­cial­ized po­si­tions at her hos­pi­tal. Af­ter search­ing for a di­rec­tor of qual­ity and case man­age­ment for more than a year, Boun­tyJobs made a suc­cess­ful match in 13 days, she said.

“It’s a very easy pro­gram to use, and it re­ally speeds up the re­cruit­ment process,” Berger said. “Peo­ple with these kinds of skills aren’t on Ca­reerBuilder or other gen­eral job sites. They’ve got their own head­hunters, and find­ing them can be very time con­sum­ing.”

Hard said that de­spite a dis­mal job mar­ket, Boun­tyJobs’ rev­enue in­creased mod- es­tly in 2009 over the pre­vi­ous year and that it ex­pects rev­enue to grow 50 per­cent in 2010 over 2009.

Hard said the com­pany is in­vest­ing in soft­ware devel­op­ment in an ef­fort to ex­pand its of­fer­ings.

“We’ve had a lot of mo­men­tum in the last year pen­e­trat­ing the For­tune 500, and those cus­tomers are ask­ing to give us more busi­ness if we can build more into our soft­ware,” Hard said. “We’re plan­ning a ma­jor new re­lease of our plat­form by the end of the year, which is why we’re hir­ing the team in Austin.”

Jerry Au­bin, Boun­tyJobs vice pres­i­dent of mar­ket­place op­er­a­tions, said the com­pany’s Austin of­fices could ex­pand in the fu­ture.

“Right now the fo­cus is soft­ware devel­op­ment, but there are other ar­eas of the com­pany that could work well here, such as sup­port,” Au­bin said.

Mike Hard CEO says Boun­tyJobs plans to hire 10 work­ers dur­ing next year to al­low com­pany to han­dle all its soft­ware devel­op­ment in Austin.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.