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JobStreet.com National Accountants Conference 2006 Mark Chang Founder/CEO JobStreet.com 1 Nov 2006
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Introduction to JobStreet.com
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JobStreet.com Helping People Improve Their Lives Through a Better Career
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Our Vision To help people improve their lives through a better career “If you like what you do, you don’t have to work a single day in life”
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Our Business Making a more transparent Job Market
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Scale of Operations Started in 1995 in Penang with $60,000 capital Currently operating in the following markets: Malaysia,Philippines, Singapore,India, Indonesia and Bangladesh (1.6 b population- 25% world population) More than 3.3 million registered users More than 28,000 customers Approximately 300 employees in group IPO in Nov. 2004.
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How We Achieve Our Vision Build a super efficient labor exchange network in Asia to make job market more transparent
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Building Asia’s Human Capital Bank Resume Bank Citibank Dell Motorola Shell Colgate Hisham Jenny PeterJobStreet SiVA LiNa >3,300,000 Professionals>28,000 customers Vinod Rosie
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JobStreet.com Awards/Achievement In Feb 2001, NetValue rated us as the top jobsite in Singapore In May 2001, ACNielsen rated us top jobsite for women in Singapore In 2001, The Week magazine rated us the most popular jobsite in India Best Software Application at Asia Pacific Multimedia Super Corridor Information Technology and Telecommunications (APMITTA 2000) Awards, Kuala Lumpur
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JobStreet.com Awards/Achievement Internet Company Of The Year 2000, @MY Internet Awards, Kuala Lumpur Internet Company Of The Year 2001, @MY Internet Awards, Kuala Lumpur One of Top 5 Internet-based companies at Singapore’s prestigious e-50 DotCom Awards 2001 E-Business Site Of The Year, PIKOM-Computimes IT Awards 2001
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JobStreet.com Awards/Achievement JobStreet is one of the most “Googled” word in Malaysia.
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Screen Shot of Applying for a Job
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Recruitment Process can be Time Consuming & Costly Develop job requirements Create/place advertisement in newspaper Wait for applications Sort applications Screen Send to relevant dept Dept shortlists Schedule interviews Test/interview Schedule final interviews Final interviews/decision Closing Reply to all candidates Value-added time Non-value added time 13147141724214-? Elapsed Days Total:>60 days Non-value Added Time Dominates
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Screen shot of Company Processing Resume
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Tools for HR managers
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Read Resume Faster
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Resume online
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Human Capital Data Over 3,300,000 registered users – one of the largest human capital bank outside of North America 280,000 of our users are Masters or PhD graduates 1,560,000 of our users are BSc/BA graduates One of the few places where you can find such a high concentration of knowledge workers in Asia Total salary collected by MY JobStreet users is about $22 billion ringgit/year.
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Historical User Growth
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What drag us to work in the morning? Help more and more people find the job that they want and help them to improve their quality of life.
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Solid Growth Track Record Growth Track Record
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Growth in Customer Accounts
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Strong Growth in Jobs Advertised
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TV advertisement in India
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What have we learned so far in our little journey?
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Our journey started with “Ignorance”. Marco polo might not make his journey if he knew the journey was so long and tiring. In hind sight, it is called “Bold & Visionary” Our story……
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Top 10 tips for starting a successful company
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#1 More than 1 partner
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#2 Less money, more likely to be successful Financially conservative Keep cost low Be creative to achieve what you want. No need to pay all the time.
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#3 Passion for your business
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#4 Service the community first and profit will follow Noble vision Not self serving.
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#5 Start the business first. Can not figure out all the issues.
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#6 Work at least 5 years with another company first
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#7 Get a good Education
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#8 Hold the Bull by the horn Don’t give up so soon. First 3 years is very difficult. Guarantee difficult to find customers
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#9 Be in “new” business and not “me too” business New product, new service Using Technology like IT. New way of doing the same thing. New favor of “Wanton Mee”
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#10 Luck At the right place at the right time…
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After you are successful entrepreneur … Have to remember success does not last forever. Running a company is just like running a country in a smaller scale. When we are at the pinnacle of success, take that window of opportunity to do good for the society.
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What I hope to achieve? Create a company that eventually helps a lot of people in this region to find a job that they really love. Happiness at work, bring happiness at home and the ability to help out the society. God…. I have done my part as a responsible human being…
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JobStreet.com Asia’s Human Capital Bank Helping People Improve Their Lives Through a Better Career
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Thank you Thank you and Bye Bye
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Song… Just a wild mountain rose seeking mystery untold, No regret for the path that I choose…. When a flower grow wild, it can always survive. Wild flower don’t care where they grow.
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What did I achieve after graduation in 1990 Came back to Perlis, Malaysia. Worked as a Process Engineer, Manufacturing manager, Director of sales and marketing in Malaysia. Started Malaysia Online (www.mol.com) in 1995www.mol.com Spin off JobStreet.com in 1997 Sold of Malaysia Online in 2000 for $12 million. JobStreet.com become a very successful company and gone public listed in Nov 2004.
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