Thought for the day. If I had a couple of million lying around and wanted to do a startup, I'd do some type of data mining play to aggregate references off of resumes, applications and the web. That's right, references off of the candidates who are rolling into your careers site daily. I know LinkedIn sort of does this, but I am talking about focusing WAY in...
What's the big deal? If you think about it, you'll agree that references are an underutilized resource of candidate flow for key positions in your company. Let's think about references and what they bring to the table:
1. A trusted pool of professionals, so much so the candidate is willing to make them a part of their personal brand.
2. Often have served as mentors for the candidates who have cited them as references.
3. Usually bring greater experience to the table than the candidate who cited them.
4. Known to be "stable", meaning the citing candidate knows they're going to be around for awhile.
5. Self selected by the candidate pool for their communication skills. They'll be expected to pop a 2 minute elevator speech on demand about the candidate in question, and this is who the candidate selected for that task. Have any jobs where you need a filter for the ability to communicate on the phone or via email? Ever come to the conclusion that people who can communicate can also generally perform at a high level?
So, I've got the idea. Now I just need a VC to step up during a mild recession and give me a couple million to pay some developers and get the product crackin. Who's it going to be?