Notching-up the Stakes

What's the problem with talented employees?

A lot of them already have great jobs and aren't necessarily out there looking for another one.

That's a huge source of lost talent. How can companies get these candidates to come out and look for jobs?

Silicon Valley startup NotchUp is looking for sponsors who will pay candidates $500 or more simply for showing up and going through the interview process. Talented employees sign up for a free NotchUp account, fill out a profile and set their interview price. Companies interested contact them to set up an interview. The job candidate keeps the money even if they aren't hired.

NotchUp members also get a 10% referral fee if a job candidate they invite to join the network is actually hired by a company.

The point of NotchUp's business plan is to eliminate the need for job boards and recruiters in the talent attraction process. The company wants to create a direct link between the applicant and the company without any middlemen.

Click here to check out NotchUp.

Will it catch on?