Talentequity.in – Does this Talent have any Equity?
Talentequity.in is a site which aggregates and presents employee opinions about salaries and workplaces. Its a site similar to jobvent or bossbitching though a tad less on features.
Acording to TalentEquity Solutions-the parent of the site:
“It is an effort to provide competitive/best/ value add resources to the professional community.”
Main features :
- The beta version of the site already claims to have 18000 reviews on companies and salaries.
- It also has a watch feature where an individual can keep a watch on a company so whenever a new review or any update takes place in the database about those employers that person would be informed.
- The most interesting feature of this site is the salary description which it provides for many designations of the employer in question at the same time the simple layout is too a plus point for the site.
- It allows employees to review their current as well as their past employers.
Some questions answered by their FAQ:
Can I respond to the reviews or delete my own review?
Currently this feature is not supported though if you want it strongly to commend such action you can write it to them.
How often can I post my reviews?
You can post reviews for your current employer once every six months and you can only post one review for each of your previous employers.
Criticism:
- This site is meant only for current employees or previous employees as it ask the registering user for a review before registration.
- Despite being well designed and a login system in place the overall features in the site is no where to crave about as there is not a single feature into the site’s user dashboard and if you want to use any mentioned features then all they say is contact the company to use the feature.
- Once you register you have no option as of now to modify your review or even see watched items and neither you can comment on any review…though i did found out a link in their faq section to post a new review but that link is no where to be seen on the dashboard.
- When a user registers for the site he is instantly asked to write a review and then go forward with account creation which is sort of negative.
Little hack: If you want to try the site without registering then just click on salaries tab on the top and use it without registration.
Some questions:
Despite so many programming bugs and so less features available in the beta release this site may have potential to become an instant hit the reason for it being now-a-days people prefer working environment more than just salary and it will have an early mover advantage in the job review field in India though sites like Mouthshut already have such features.
The main business model where they can stand out is the collaboration with the companies(employers) so that those companies motivates their employees to go forward and register their reviews about the companies workplace and environment which in turn would solve many H.R problems and could be a big boon for companies like Talentequity.
The business model in order to achieve stability calls for viral features to be embedded into the site because reviewing and researching is a very seldom affair.
As their site says anonymity is their biggest quotient and that itself should be their biggest worry because spamming and tarnishing reputation of firms could ignite users wrath and companies action against them.
Final Verdict:
The individuals can certainly go and try this site as it could offer them certain insights about their employers and it could become more useful once the above said features are introduced in full stream.
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TalentEquity copied the business model of criticat.com
I think it would be a great site to follow, The potential looks immense.
Take a look at JobeeHive.com guys, it is so well executed. I am not sure why talent equity even thought of making such a website after knowing about jobeehive. Jobeehive is giving tough competition to Glassdoor.
even criticat tried their best but the traffic is really fallen. guess talent equity will go down the same road. i dont see anything positive in this new website.
@Rajen – I agree with you, jobeehive is very professional and innovative. I saw Jobeehive.com in UTVi news channel, the way it was helping professionals. I have been using it since then, especially the layoffs section
@Raghav – I happened to see the founder of jobeehive talk on Watblog show. you have missed them in your post as a competitor. saw the video on jobeehive blog http://jobeehive.blogspot.com/
The same way as Google copied Yahoo and Hotmail while creating Gmail.
Hi Raghav
Thanks for the honest review. We are working hard to remove all the
“criticisms” and improve the usability of the site. We hope to get
back to you in two weeks with a much improved version of the site.
Keep the feedback coming
Thanks & Regards
Indrojit
@ sunil thanx 4 pointing out
@ you might be correct cos indian web universe is going to explode in a big way…..
@rajen you never know which sites turn to be multibagger and not all sites are meant to be multibagger but they can create a niche segment
@ss I could not keep track of many news due to some other work….but thanx 4 pointing out.
@mahesh nice humour….
@indrojiy you guys seemed to have launch the site in hurry but neverthless u can race ahead with improvements.
@to all …..just because there are many sites in same space doesn’t means that you dont stand a chance to benefit from it ….by creating a niche segment one can still make a mark…..btw i too m starting a job classified site and i dont expect it to be as big as naukri…….entrepreneurship is about making move where others like to tread cautiously………so what are starting or working on?