Estimated read time: 4-5 minutes
Until now, hiring the best employee in the world was only a pipe dream for most businesses. But thanks to a recently announced $5 million seed round for its global talent services and hiring marketplace, Lehi-based recruiting firm IsoTalent is one step closer to making that an actual possibility.
IsoTalent’s investment round was co-led by Crocker Ventures and Ad Ventures, and included Sweater Ventures and several high-profile angel investors. With new funding, IsoTalent aims to expand its national marketing efforts and develop a tech-enabled global hiring marketplace.
“IsoTalent’s mission is to bring recruiting into the future,” says Paul Ahlstrom, CEO and co-founder of IsoTalent. “The legacy industry has needed a hard reset to keep up with global demand, solve talent shortages, and weather the economy. Businesses are in critical need for competitive pricing, better tech, and long-term solutions to scale their teams.”
Ahlstrom explains how business leaders are retooling their hiring strategy in response to the Great Resignation and more economic upheavals to come. IsoTalent offers a “comprehensive and on-demand hiring solution” with three innovations to meet jobseeker and business needs: commission-free recruiting, global employer of record (EOR) and a free applicant tracking system (ATS).
Save thousands of dollars with commission-free recruiting
Writing for The Muse, tech recruiter Biron Clark notes that recruiters traditionally pocket anywhere from 20–25% of a new hire’s first-year salary. A new employee making $100,000 could cost you $25,000 the traditional way — but with IsoTalent, you can potentially cut that cost in half.
Continuing its disruptive approach to pricing, IsoTalent offers hourly rates for both domestic and international recruiting services:
● International roles: $75-$150/hr after EOR rebate (see below)
● Primary and high-volume roles are billed at $110/hour
● Technical roles: $125/hour
● Executive roles: $200/hour
For international requisitions, IsoTalent offers both recruiting and employment services. Global candidates are billed according to the Primary, Technologist, and Executive rates listed above. If a business then employs those candidates through IsoTalent’s global EOR, they’ll receive an hourly rebate (up to $50/hour depending on the position) on their recruiting bill. From there, businesses pay a monthly PEPM fee to continue employing those professionals through IsoTalent’s EOR.
Legally hire around the globe with IsoGlobal
Another big headache for recruiters is the legalities of hiring international candidates. With a global employer of record (EOR), you can recruit and legally employ candidates anywhere in the world without any concerns. Thanks to IsoGlobal (IsoTalent’s EOR), even small businesses and startups are expanding their international presence.
“This is an exciting time for startups developing their global strategy,” says Jonathan Malan,head of global for IsoTalent. “Remote and hybrid teams are more productive and accessible than ever — and combined with a global EOR, this brings new possibilities for expansion, localization, and technical proficiency. Utah businesses are tapping into growth strategies they never thought possible.”
Track applicants for free with IsoConnect
Active clients of IsoTalent interface with their domestic and international recruiters through the IsoConnect platform, which is also available as a free applicant tracking system. Any user, client or otherwise, can use the platform to manage a new listing, track hiring, and hail a recruiter. This includes access to the global EOR for help hiring and employing candidates across borders.
“We’ve created a premium SaaS platform to help busy teams consolidate their hiring activities to one central dashboard,” Lifferth explains. “It allows any stakeholder — be it a hiring manager, recruiter, candidate, or CEO — to have full visibility into the candidate hiring process. Whether teams use it in conjunction with our recruiting services or as a standalone ATS, it’s an essential tool for startups and small businesses. If you’re still using Excel spreadsheets, talk to our team.”
Fill positions faster with IsoTalent
According to IsoTalent, the solutions mentioned above function both independently and in tandem with one another.
“We serve clients at any phase of their hiring strategy,” Austin Miller, CRO and co-founder, says. “This is the beauty of our on-demand model: a business leader can leverage a free product, build their recruiting, expand local and global search, collaborate with professionals, and start and stop services, all while reducing hiring costs.”
Thanks to its new investors, more people are about to experience the difference IsoTalent can make in the hiring process.
“IsoTalent has the tools and expertise to become the integrated recruitment solution for businesses of any scope and size to hire at scale,” Lifferth adds. “Our new funds will be used to build and execute on that vision.”
If you’d like more information on IsoTalent’s global hiring and recruitment solutions, please visit isotalent.com or contact email@example.com.