wordpress blog stats
Connect with us

Hi, what are you looking for?

On MyParichay’s Social Retargeting Service

myparichayHT Media backed MyParichay recently announced Social Retargeting, a recruitment campaign service which allows recruiters to reach out to potential candidates whose email addresses they may have, either if they’ve applied before directly, or via job boards like Naukri.com, Shine.com and LinkedIn.

We couldn’t figure out what Social Retargeting was about from MyParichay’s press release or its website, but company exec Nikhil Banka was kind enough to explain to us that it’s essentially an email marketing service with the MyParichay platform at the back end: “There are resumes on the system that are not being used, and you might have earlier hired maybe 10 of 30 applicants. When you’re hiring again, we can retarget this list through MyParichay. The campaign can be about asking them to re-apply, refer friends for the job, or invite them on the Facebook page of the company to be a brand ambassador. It’s cost effective and if they aspire to join the company, they would like it that the company is still communicating with them.” MyParichay claims to have 30% conversion, and Banka adds for full effect that (market leader) Naukri only gets 2% conversion.

The release also says that Social Retargeting “combines candidate data from leading job boards like Naukri, Shine, Monster, Careerbuilder”. We had only heard of a deal with Shine.com earlier, so have other job boards opened up access to their database for MyParichay now? It appears not. Banka says that recruiters download candidate details from other job boards via excel sheets all the time. Naukri charges Re 1 per email, he says, while recruiters prefer to use other options like Zoho, SendGrid and various SMS services for reaching out to candidates. MyParichay’s Social Retargeting takes the same email address, and allows recruiters to link email marketing campaigns with social connect, which, along with analytics is the key differentiation, according to Banka. MyParichay claims to have 30 million candidate profiles at present.

The company plans to integrate the social retargeting service with Shine in four months. HT Media, which owns Shine, owns 40% stake in MyParichay, and this might mean that other job boards will avoid tying up with MyParichay.

Our Take

1. It’s surprising to us that job boards like Naukri, Monster and Careerbuilder would allow recruiters to re-use a downloaded candidate database outside of their own websites. In this case, it could be used to populate MyParichay’s own candidate database. It might be impractical for job sites to do so (would they sue a client?), and we couldn’t locate any clause restricting usage of the database in Naukri’s 19,684 words long “terms and conditions”.

Advertisement. Scroll to continue reading.

2. Why email marketing? Why not a service similar to Rapportive (which LinkedIn acquired), which tries to establish a connect on a social networking platform instead of spamming the email inbox (where it might also be missed in the promotions tab on Gmail)?

3. MyParichay was able to trademark “Social Retargeting”, even though this is more like email marketing. Advertising re-targeting refers to a situation wherein user who have visited a particular product or services page are automatically served advertisements of the same product or service across the web, in the hope that it might lead to an impulsive decision to purchase (since potential intent has already been identified).

Related:
Naukri Rolls Out Semantic Search, Career Site Manager
How Shine.com Is Trying To Disrupt The Job Classifieds Business With Facebook Integration
HT Media Picks Up 40% In MyParichay; Offers Facebook Recruiting

Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ