CBREX, an exchange meant for recruiters and recruiting firms across the world developed by co-founders Gautam Sinha, Sanjeev Punwani and Karunjay Anand has gone live today. In the pre-launch phase for the last 4 months, CBREX already has members from across 40 countries on its platform and has started doing business transactions through this exchange.
Gautam Sinha, Co-founder and CEO said, "This is the first of its kind to connect independent/freelance recruiters and owners of recruiting firms from across the world to facilitate cross border hiring which we estimate to be at 5 million a year." The 'members only' platform is where the individual or recruiting firm, can sign up and become a member after a verification process by a team of experts at CBREX. They then have to create a profile, highlighting their functional expertise and industry verticals of interest. Once the profile is ready, members can start posting jobs from their clients that have hiring needs outside their location or want to hire an expat in their home location (Example: a client in Russia who wants to hire in the USA OR a client in Russia who wants to hire a foreign national in Russia).
Members can see the job posts on the platform and all they have to do is express interest in supplying a candidate for a particular requirement. For a member to be able to transact i.e. get a job post approved OR be able to supply a candidate to a job posted by another member, they need to sign an MoU with the exchange. This ensures that the entire process is double checked and payment is possible.
Members can be live on CBREX but cannot transact till they have signed the MoU.
A technology platform connecting recruitment consultancies and freelance recruiters, to conduct hiring across the globe, it plans to have 1,000 recruiters on board in the next 6 months. Once the figure reaches 1,000, CBREX expects to have 300 transactions per month.