Recruitment agency
The recruitment industry traditionally has a small number of
leaders and a lot of followers. Leaders are willing to commit to new
offerings ahead of the curve. For them, the best innovations offer
lasting advantage; not just a momentary edge until the followers catch
on. Slivers-of-Time marketplaces reward local innovators in this way.
Where to start?
Any area has its "low hanging fruit" for this new way of working. Think of the employers with constantly fluctuating workforce needs, currently relying on overtime, compromising their service around employee availability or muddling through understaffed. On the supply side, look towards colleges, parents networks, carer support groups or channels to the newly retired. All contain people who need to work odd hours around other things in their life. Whoever signs up this first wave of market participants locally will own those relationships. It's then much harder for slower moving rivals to build a base of users.
The profit potential of a Slivers-of-Time marketplace comes from a new approach to fiddly, short-notice, short-length assignments. Instead of being a loss leader done as a favour for clients, they can become a profit source. The table below illustrates the business case for 3 hour bookings on a 20% mark up. It assumes a total of 20 minutes of branch staff time to receive a booking, look up candidates, call potential candidates and inform the client. Internal costs are assumed to be £30 an hour. These costs do not exist in a Slivers-of-Time marketplace. Agency value from SoT
Getting
a local market off the ground takes dedicated commitment. But it can
reap immediate rewards by repositioning your branch against
competitors. Our launch section offers planning tools
for getting a service off the ground and running the market as it gets
established. We'd also like to offer the broad lessons learned so far
about steps towards a successful launch for branches.
Call
it the Gung-ho Factor. It's not standard short-term selling, more about
a personal commitment to something new that is engaging and
informative. Someone with these qualities, and time to spend on the
project, can galvanise the opportunity.