Naukri.com and other job portals have resumes lying inactive for weeks, months and even years. With rejected CVs filling up their database and contacting a candidate after years for the same skillset they possessed back then, there seems to be a big loophole in the business model of these portals. Litehires, a new and unique job portal, addresses this issue in depth.

There are around 26000 recruitment agencies across India, and the industry is highly disorganized. There are players like Naukri.com, LinkedIn, and Shine.com, but companies still go for hiring agencies whenever there is a crisis.

Finding hiring agencies is still traditional. You have to post on LinkedIn that "Hi, I am looking for vendor empanelment", and processes like review process, onboarding etc., are carried out. Litehires is a platform where one can streamline this process – Get the hiring agencies, onboard them and then provide talent from agencies to the companies. In this process, LiteHires charge 8.33% to the client, which is one month's salary of the candidate - the company pays it whenever there is a successful hire after 30 days of joining. Litehires keeps 50% of it and gives 50% to the agency. Agencies are happy because their business development cost is significantly less – they get a client while sitting in the office. Their client management cost lowers as Litehires takes care of that.

The advantage for the companies is that they don't have to deal with multiple agencies – they can focus on talent and directly interview them.