SINGAPORE, November 20, 2023 – Bossjob, a chat-first AI-powered career platform, continues to accelerate its entry to the Singapore market as it kicks off at the largest Singapore FinTech Festival 2023.
The Singapore FinTech Festival 2023 is the largest FinTech festival organised annually by the Monetary Authority of Singapore, which brings together a global community to actively engage, connect and share insights on the development of financial services, public policy, and technology. The festival’s reach, engaging 66,000+ participants and 530 organisations across 150 countries, opens the door for Bossjob to navigate the FinTech landscape and introduce its transformative AI talent matching features.
Understanding the Local Market
Embracing the opportunities presented, Bossjob established connections with the attendees through interactive app demonstrations to showcase the platform’s efficiency in connecting suitable candidates with employers and vice versa.
Additionally, the team engaged in short interviews with FinTech employers and students at the event, to better understand insights in the current landscape of career and hiring in the local market. Most graduating students expressed a shared sentiment, indicating the challenge of finding a job, with a high rating between 7 and 8 on a scale of 1 to 10. Remarkably, the pivotal role of “work culture” has become one of the key green flags they look for in an employer.
One student from National University Singapore remarked, “I like when they ask questions that are not just about our academics. They get to know us personally.” shedding light on the increasing desire of job seekers for a genuine connection with employers. Bossjob has been focusing on improving hiring efficiency by offering direct chat and highly accurate AI-matching for both talents and employers, providing a safe space to engage in meaningful conversations beyond job descriptions and resumes.
Reshaping the Recruitment Landscape
Bossjob recently announced its launch in Singapore, outlining its plans for team expansion and a move to a bigger office space. Already gaining traction, local industry players and startups including Japan Foods Holding, ChainUp and Sygnum have already onboarded Bossjob. With its limited-time free subscription plan for employers, Singapore companies can tap into its diverse pool of 2.9 millions talents globally and gain access to a wide range of skilled professionals across various industries.
“The revenue model of traditional recruitment websites are working in conflict with the spirit of recommending suitable jobs to job seekers.” shared Kiat How Quak, co-founder and COO of Bossjob, with Melanie Oliveiro, in his recent interview with Channel News Asia. He emphasised how traditional websites tend to display job advertisements from big companies who have a lot of budget to boost their views and get resumes. On the other hand, he acknowledged that smaller companies or startups often find themselves at a disadvantage, with no budget to compete, putting them at the shorter end of the stake.
Bossjob has firmly communicated its strategic focus on having a high response rate on its platform and ensuring that its AI recommendations are entirely driven by user activity rather than advertising spend. Thus, this commitment levels the playing field in the recruitment scene, fostering a fair competition where both large and small companies with budget constraints can thrive. At present, Bossjob maintains a high response rate of 60-80%. Notably, users initiate a chat for every 3 job recommendations, which significantly increases the likelihood of receiving a timely response from both job seekers and employers, thereby improving the efficiency of talent matching.
Establishing Local Presence
Bossjob recently garnered local attention, standing out as one of the featured startups at the The Singapore FinTech Festival 2023 by DollarsAndSense. Additionally, co-founder and COO, Kiat, takes the opportunity to elaborate on Bossjob’s core strength in AI talent matching in a recent radio interview with Channel News Asia. This reinforces Bossjob’s dedication to amplifying its local presence and ensuring a seamless hiring process and communication between job seekers and employers.
Bossjob is a chat-first, AI-powered hiring platform in Southeast Asia. Bossjob is the first online recruitment mobile software in the world to introduce an online direct hire model and precise talent matching on a global scale. This allows bosses and talents to communicate directly via chat. The Bossjob mobile app is available to download for free on both App Store and Google Play.