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.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.