, Singapore

This job-hunting site will allow you to find your career path like choosing a spouse

It aims to be the OKCupid of online job hunting.

Venn, an online recruitment and talent discovery platform for Gen Y and Millennials, has launched in Singapore with leading global brands on board. It is a new Singapore-based startup looking to be the OKCupid of online job hunting. Founded by ex-banker and Viber advisor Candice Aw in 2016, the Singapore-based startup aims to complement the traditional recruitment process by leveraging its AI-powered matching algorithm that connects job seekers with businesses. Venn takes into account factors including the candidate’s personality, interests, and cultural fit.


Venn is already being used by the likes of Grab, Spotify, Uber, DropBox, Carousell, Zalora, Paktor, Chope, Honestbee, iFlix and Sephora.

Venn claims to be a fresh, completely new way for people to find jobs in Singapore. Herein, users have to answer a list of questions ranging from personal skills, ideal companies to attributes that make you happy at work. Not only does it personalizes the job search experience, but it is also ensuring a better fit between recruit and recruiter.

Venn is founded by Candice Aw, a 34-year old Singaporean entrepreneur. A former banker and sales trader with Deutsche Bank and Standard Chartered Bank, and a communications professional, Candice left the world of financial services and accidentally fell into startups such as Chope and Viber because she liked creating new things and changing the status quo. Her belief: how you think is more important than what you think. Venn came into being because Candice liked connecting people and saw that the dating and recruiting process had a lot in common. Inspired by OKCupid, Candice created a proprietary matching algorithm to match people to the right jobs. When she isn’t hustling for Venn, Candice can be found jumping off a plane, hiking in a remote corner of the world or trying new adventure sports.

According to Candice, the process of job hunting and the search for a partner actually have a lot in common. “Recruiting is so one-way at the moment and I’m sure there must be a better way of doing things. Venn is a direct result of my pain points around the traditional recruitment process, as well as my love for connecting people,” she said.

Candice shared that her first idea revolved around a Tinder-like platform for professional networking. She was playing around with various dating apps, analysing each platform’s user experience and design. But while looking at the more engaging sites such as OKCupid and eHarmony, she i realized that this is something which can be applied to the recruitment and job discovery process.

Venn said she is not trying to disrupt the traditional job search process; rather, it looks to compliment it by offering businesses a new and effective way to find the right talent -- particularly millennials and Gen Ys.

One of Venn’s big goals it to help ensure a better cultural and professional fit. She also wants to contribute in addressing Singapore's businesses challenged to find the right talent.

Citing data from the Ministry of Manpoer, Singapore's unemployment rate in Q1 2016 stood at 1.9 per cent. “With skilled labour in short supply, firms are finding it harder to identify and attract talent,” she said.

According to Venn, businesses also need to cope with the problem of job-hopping. Citing another data from Global recruiter Randstad, she said that 79 per cent of Singaporean millennials (those born between 1980-2000) are looking for opportunities to switch careers, placing extra pressure on HR departments to keep the age group motivated.

Correspondingly, a global study by PwC, she said, found that 25 per cent of millennials expect to have six employers or more during their career.

Venn is currently privately held. They are looking to take on 500k to accelerate its go-to-market efforts, tapping into clear and present opportunities. Being a former banker herself, Candice said that money will not be hard to get for Venn but they are actually looking for strategic investor - not just people who put in money, but also people who can open up markets for them and connect them with different people.

“A lot of investors have told me that because I used to be a banker, they would be willing to invest. I think it’s because they know that bankers always care about the bottom line and we have our eyes on the money, which gives them the faith”.

 

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