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MohanChoti.com - weeding out fake job candidates

March 26, 2007 · Posted in Tech tidbit, reviews

As India’s IT industry keeps booming, companies are finding it difficult to recruit talented, credible candidates. The attrition rate is high and consequently, there is always a huge demand for hiring good quality candidates. Unlike the US, it is not uncommon in India for candidates to exaggerate and sometimes even lie on the resumes. Such bogus resumes are expensive to the hiring company - not only in terms of cost but also in terms of time and energy.

MohanChoti, founded by an ex-IITian, aims to address these problems by providing hiring companies a database of reliable job candidates. Candidates can submit their resume, search for jobs and indicate references who can testify to the resume contents of that candidate. Hiring companies can search for resumes, and view the references provided. Based on the interview, the hiring company can then interview the candidate and in turn, rate the verity of the referee.

The rating that a referee accumulates is cumulative - so any bad reference that the referee provides, his credibility decreases.Â For every candidate hired, the referee earns 100 points. At the end of each quarter, the company will share 25 percent of the revenues with the top rated referees.Â The company in turn earns revenue by providing access to the resume database to recruiters - price ranging between Rs 50000 to Rs 3 lac per annum. They claim to currently have 30 recruiters and about 60000 candidates in their database.

Its a brilliant idea and the founders have applied for a patent in India. Though simple, the concept addresses a growing need in the booming job market to weed out the bogus candidates. With a viable business model and the increasing demand to find quality candidates, these guys have hit the jackpot.