Originally posted on the Greenhouse blog.
We’ve been a Greenhouse integration partner now for almost 3 years, and have had the privilege of serving many Greenhouse customers in that time. Today we are making the Layoff Network platform available for free to the entire Greenhouse community – whether you’re a customer or not.
Here’s what’s different about the current layoffs compared to normal times. In normal times, companies doing layoffs are served by agencies that charge upwards of $1,000 per person. The companies that are hiring often end up paying recruiting fees, too.
It used to make sense because good performers don’t get laid off (during more predictable times). When you thought about a layoff you’d typically think about companies optimizing their performance and letting go of underperforming business units, There was a stigma associated with that.
"Right now, layoffs are primarily happening as a function of cash conservation, as opposed to performance optimization." – Trenton Kenagy
The stigma has nearly vanished. What’s more, companies don’t have the ability or desire to pay thousands of dollars a person for outplacement services when they’re simply trying to save cash.
Because of this, many of the people coming out of these companies are strong performers in their field and have a career path they already know. They don’t need help writing their resume. All they need is a direct introduction to a good company that’s still hiring.
We’ve built a best practice to help talent that is laid off get connected quickly with companies that are hiring, using your own company network.
In March, we announced the Drafted Layoff Network – which is currently the largest collection of companies exchanging talent in the technology industry, and rapidly growing to other sectors.
In under a month, 800 recruiters (75% of which are part of corporate in-house talent teams) are already hiring actively on this platform. Hundreds of companies are represented by the displaced talent that is opting-in to it.
Here’s how it works if your company is going through a layoff:
The “recruiters” on the layoff network are not just talent professionals. There are startup founders looking for their employee #3, VPs of Engineering at mid-size companies, talent teams at Fortune companies, warehouse managers, alarm installation providers, you name it. Drafted helps match the right people in the network with the right recruiters, and it’s always opt-in.
Here’s how it works if you’re in the fortunate position of still hiring:
I am truly saddened to see so many talented people and businesses being negatively impacted by the COVID-19 crisis. But I believe that the way through is together, where everyone helps by contributing in the ways they can.
At Drafted we decided to focus on helping with what we’re best at – connecting company networks and empowering talent to move through them.
At Drafted, we believe that your company network is your single biggest competitive advantage when it comes to hiring. Our mission is to make it easy for you to leverage your network in the hiring process to find the best candidates. Your network is already powerful, it’s just too much work to make it a priority over the day-to-day of recruiting. Companies that use Drafted see their employee referral numbers go up by 2x, their time to hire drop by 30% and their overall hiring efficiency increase significantly within just a few months.