Building a good team of professionals is a tough challenge for any new business, especially in today's competitive and fast-moving corporate climate. In the Middle East, finding the right talent has been notoriously difficult - until Bayt.com came along. Bayt.com's online recruiting tools are revolutionizing the recruiting process in the Arab World by providing a faster, easier and more cost-effective way to find top talent in the region.
Today, Bayt has joined a select group of companies in the Middle East, including the likes of Clyde & Co., E-Promoseven and Hewlett Packard as members of an initiative led by Oracle to lend support to new businesses all over the world.
The Oracle Venture Network is an online community (https://www.venturenetwork.oracle.com), which assists early stage emerging technology startups with resources and information to support their development in multiple areas, from finance and legal advice to technology and human resources.
Through this alliance, Bayt can ease the growing pains of new companies by making their hiring process as quick and efficient as possible. "As a new technology company ourselves, Bayt has an intimate understanding of the recruitment issues that face a young business", said Rabea Ataya, CEO of Bayt.com. "Not only do these companies need to fill vacancies rapidly and effectively, they sometimes have to work within restricted budgets. By using Bayt, companies can fill positions in record time and at a fraction of the cost of traditional methods", he continued.
Internet recruiting has proven a blessing to both new and established companies around the world, who have been consistently impressed by its ease, speed and efficiency. In fact, Forrester Research recently stated that100% of Fortune500 companies are now using online recruiting and Bayt has been attracting candidates in record numbers. In only4 months, Bayt has attracted the business of over2,000 leading companies across the entire Middle East, proving that this region has already caught on to the benefits of sourcing and hiring candidates online.
By joining the Oracle Venture Network, Bayt benefits by gaining direct access to a concentrated pool of early stage companies who have distinct human resource requirements and are in the early stages of their purchasing decisions. Member participation in the Oracle Venture Network is limited to a select number of firms by region and Bayt.com is the first and only online recruiting company in the Middle East to be represented on the Network.
As part of this initiative, Bayt will also be participating in a series of promotions and events in cooperation with Oracle. The first of these events, which is being held today in Dubai, marks the official launch of the Oracle Venture Network in the UAE.
This recent move to provide support to growing ventures in the region is further testament to Bayt's commitment to building best-of-breed partnerships with local businesses and to being a pro-active and supportive member of the emerging technology community.