In the wake of the COVID-19 pandemic, the recruiting industry saw a dramatic change. It has caused many organizations to lose their projects and businesses to shut down, causing many employees to lose their job roles worldwide. In such a scenario finding a suitable job or recruiting the right talent has become one of the most critical issues for millions of people globally.
Thankfully, online job portals like Glassdoor have revolutionized the whole recruitment and job-hunting process. Also, they have successfully bridged the gap between recruiters and candidates, making people contemplate how much it costs to build a job portal like Glassdoor.
In this article, we will explore the cost and process associated with developing a job portal like Glassdoor. We’ll also share insights about the revenue modals for a job portal like Glassdoor and what makes Glassdoor a unique recruitment portal.
Revenue Models of a Job Portal app like Glassdoor
When it comes to developing a job portal like Glassdoor, there is always a consideration for business owners as to how it will help them make money. Well, businesses can use many monetization strategies to generate profits. So, before you move ahead with your recruitment app development process, you should know the different strategies that help you monetize the platform.
1. Freemium Plans
Introducing a freemium plan is one of the most common ways to monetize your job portal software. In this plan, users can enjoy using the basic version of the job portal for free, but when they want to access the special features of job portals, they must buy the premium package. LinkedIn is one of the best examples of monetizing the platform by introducing premium plans for users.
2. Paid Job Posting
While many recruiting apps offer free job posting, some popular job portal like Glassdoor charges a hefty fee for posting a job. It all depends on the models of your job portal software that you want to keep paid or free for users. You can charge a recurring fee for each job posted for a certain period of time or a one-time fee for all job listings.