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LiveHire Ltd launches online recruitment solution for Telstra Health

LiveHire Ltd launches online recruitment solution for Telstra Health

LiveHire Ltd (ASX:LVH) has signed an agreement with Telstra Health, launching the ‘Live Talent Community’ recruitment solution for one of Australia’s largest eHealth businesses.

LiveHire uses a cloud-based recruitment platform where potential candidates privately connect with companies by becoming part of a virtual talent community.

Under the new agreement, Telstra Health will implement LiveHire to manage the flow of talent into and across its entities.

Telstra Health is a business division of Telstra Corporation Ltd (ASX:TLS) and one of Australia’s largest eHealth businesses.

Telstra Health will use LiveHire and its Talent Community platform as a centralised location to manage talent and carry out proactive recruitment.

LiveHire started trading on the ASX in June after raising $10 million from an IPO at $0.20 per share.

LiveHire’s business model works by charging the company owning the talent community a monthly hosting fee of $0.50 per talent community member.

A capped fee structures could sometimes be used during initial growth phases to support on-boarding new clients.

McKinsey & Co have stated that by 2025, online talent platforms could boost global GDP by $2.7 trillion annually.

Effective recruitment is still an issue in Australia with the average hire taking 68 days.


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