Praneeth, as a job seeker in 2006, found a contract opportunity at Accenture through an employee referral. He found that he had to be sourced through an agency and had to pay a markup just to get on-boarded. The frustration of having to be passed through an agency started Praneeth on a journey to build out models which reduce inefficiencies in the staffing workflow. Failing first with an experiment with a Fee for Service model, Praneeth then found an exciting opportunity, winning a contract with State of Texas-DIR for $600M of spend to be managed through a tailored VMS. That led to the building of GiGumes, a resume search engine which was beating out LinkedIn on the Boolean search on the SEO (this was in the PageRank era before the Panda, Penguin and latest Hummingbird upgrades of Google Search).
The next big step was the launching of Jobhuk.com, an independent recruitment marketplace at SXSW which won the best bootstrapped company award. With several product market fit validations under Jobhuk, Praneeth discovered the value of employee referrals and the power of applying those to contingent workforce programs – which solved the frustration that spurred him into motion in 2006!
Practicing HRTech for nearly a decade, Praneeth championed talent attraction and engagement models which were totally being missed in virtually all contingent programs. Through the acquisition of Jobhuk, Praneeth gained exposure to 130+ MSP and self-managed contingent programs, many with large enterprises.
Working through the contingent programs and hearing from enterprise program and procurement managers, it became more than evident that contingent programs were missing out on a huge optimization opportunity. The benefits of total talent management can only be achieved with acquisition techniques borrowed from the modern day and applied to temp labor. This is where the concepts of direct and self-sourcing took shape and, after several experiments and iterations, a successful pilot led to the opportunity to bring this independent product to market.