Recruiting Fly

A new job board called MoneyBackJobs.com rewards job seekers with a bonus of 5 to 7.5 percent of their starting salary.

Employers pay $50 to post a job on MBJ. When an applicant is hired, companies also pay 12 percent of the candidate’s salary to the job site.

Here’s the kicker: MBJ offers job seekers cash rewards to remove their resumes from job boards. Most likely job seekers will be reluctant to comply with such a request, especially in such a sluggish economy where people looking for a job want to get as much exposure as possible.

“With MoneyBackJobs.com, we wanted to give people a break from the standard, stuffy, and boring job board,” said CEO Mark Thomas. “Job seekers who use our site get cash for accepting a job, and employers pay substantially less for getting their pick of the talent pool. Both parties get incentives for making their listings exclusive to MoneyBackJobs.com. We’re pioneering a more efficient model for connecting job seekers and employeres that rewards both sides.

The concept of the sides sounds lot similar to NotchUp.com, in which companies pay job seekers for the opportunity to interview them. In this case, job seekers have a couple different ways to earn some extra cash. But does the site offer enough incentive to keep a monogamous relationship between job board and job seeker?

Thomas thinks so. “This will eventually result in a more efficient job market with businesses spending less money to attract the right talent and professionals getting bonuses for finding the jobs they want. When people get used to our rewards structure, it will be difficult for them to go anywhere else.”

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