We are developing the design of a powerful software system that combines the capabilities of job sites, applicant tracking systems and resume distribution services. We plan to make the system affordable to organizations of all sizes. Ultimately, JobBank will be the centerpiece of a product line that includes training, consulting and data packages.

JobBank’s designer, Dr. Leslie P. Jones, has an ideal background for the task, with degrees in computer science and mathematics and experience in software development, recruiting, teaching, and research. Dr. Jones has studied existing products, evaluated published HR surveys, and conducted his own survey of job candidates. He has concluded that Internet recruiting and jobhunting are generally confusing and highly inefficient, and often result in less than optimal matches.

The design has progressed to a stage where we seek business partners to help us implement our ideas and bring a fresh approach to the Internet recruiting marketplace. Since there are already a number of recruiting products on the market, it does not surprise us that we need to answer some important questions. In this Prospectus we will begin to answer some of those questions. Naturally, we would be pleased to respond to any additional questions that the reader may have.

What sets JobBank apart from the competition?

1. Better communication between candidates, recruiters and hiring managers.

2. Powerful matching between candidates and jobs based on both skills and other criteria such as salary range and geographical location.

3. Standardization and centralization of information, interfaces and procedures.

4. Individual JobBank Web sites that can serve a single organization or be shared by a large number of organizations.

5. A large candidate database maintained by the product vendor.

What will make JobBank affordable to smaller organizations?

1. Graduated pricing based on the amount of use.

2. The ability for many organizations to share one Web site but maintain their own privacy.

How will candidates use a JobBank Web site?

1. A candidate will be able to enter his/her personal information and job skills into the system. Then the candidate will be able to search for matching jobs and apply for jobs just with the click of a mouse.

2. The system will inform the candidate when a new job that is a good match for him/her enters the system, or when an employer or agency wishes to speak to him/her regarding a job.

How will employers or agencies use a JobBank Web site?

1. The employer or agency can create job orders (requisitions) that include the job skills required for the job. The organization can then search for matching candidates and request to contact each one with the click of a mouse.

2. The system will inform the organization when a new candidate that is a good match for one of its job order enters the system, or when a candidate inquires about a job order.

3. An agency will be able to associate one or more clients with a job order and track the status of a candidate as he/she is submitted to different clients.

What is the advantage of the vendor candidate database over the existing large job sites?

1. The candidate does not apply for positions! This saves the candidate many hours of reading job descriptions and saves the recruiter from having to eliminate many candidates that are not good matches for a job order.

2. How does this work? The individual Web sites download candidate information in bulk based on simple criteria and then matching takes place on the individual Web sites. Organizations can invite a candidate to the individual site (where their information already exists) or just strike up communications using contact information provided by the candidate.

I see the centralization part. What about the standardization?

1. All of the Web sites use the same screens and procedures. This makes it easy for a candidate or an organization to use more than one site. Gone is the proliferation of different forms that candidates have to deal with and that organizations have to maintain.

2. The vendor will supply "packs" of skills information for different disciplines and also packs of geographical information.

How do you expect to develop and market this massive software project with a reasonable initial investment?

1. First, it is not as massive as it sounds from hearing about all of its capabilities. Dr. Jones has carefully evaluated all of the possible features that could go into such a system and pruned them down into a manageable set of core features.

2. The detailed design will minimize development costs. Both the functional requirements and the user interfaces will be completely designed before any implementation begins. All parallels between different screens are being analyzed to take advantage of commonality between screens.

3. Our business plan includes a marketing strategy that minimizes initial advertising costs. Included in this strategy are contacting existing customers (if the system is developed by an existing company), search engine optimization to help potential customers find the vendor’s Web site, affiliate programs and sponsored links on search engines such as Google.

Can you say more about your business plan?

1. Our business plan includes a summary of the study of Internet recruiting that Dr. Jones performed as well as the collection of features that he plans for the first release.

2. The plan defines the roles of the software, marketing, sales, customer support and human resources groups, as well as how they will be managed and how they will interact.

3. Finally, we have identified milestones for the progress of the product line from the early stages where it will require financial support through the self-sustaining stage to the profitable stage.