Monster, Ebay team to auction employees
Posted by Matthew on Friday February 20, 2004 @04:07PM
from the mmm...-Soylent-Green dept.
Matthew & Mearzuh writes: Job hunting website Monster.com and Ebay.com have teamed up to create Jobaynster.com, which promises to revolutionize the process of hiring and firing employees. Jobaynster.com COO Helmut Krieg explains:
“Over the last few years, many businesses have found themselves overstocked on employees. Traditionally, when companies laid employees off, they e-mailed them a pinkslip and let them go. That process is incredibly wasteful.”
“We’re turning that excess human capital into a valuable resource by creating a bid based human capital market. Essentially, employers who have excess employees can put them on the block dutch-auction style, moving tens, hundreds, or even thousands of employees in a single transaction.”
“For example, Boeing just offloaded 4,000 employees to Minnesota Mining & Machine and pocketed a hefty 125 per head. That’s a half million dollars that they were previously just letting go.”
“We add value by sorting and classifying the human capital into similar job categories and grouping them by weight. The sick, old, and uninsurable are sent to recycling centers, and the remainder are groomed for sale with an hour of resume and shoe polishing.”