First launching in Melbourne with Sydney currently in pilot phase, Australians will be the first to gain access to the platform, which connects police-checked, pre-screened, on-demand talent (Weployees) with employers (Weployers) looking for short-term and experienced staff (due to illness, annual leave, or during peak periods of the year).
Weploy, which intends to use technology to change the way the world views employment, has received significant interest locally and internationally since launching its beta phase in early 2017, attracting funding from agtech mogul Van Luong, founder of global shrimp organisation Viet-Uc Seafood Company (a business worth close to a billion dollars, holding 25 per cent of the Vietnamese shrimp market).
Luong’s original seed investment of $400,000 was quickly increased to $1 million after Weploy’s successful pilot phase and positive reception in the market.
Weploy’s advisory board includes a raft of highly experienced business leaders including agriculture mogul Van Luong, tech expert and ex-Redbubble CTO Paul Coia, Rotten Tomatoes co-founder Patrick Lee and Australian financial expert, Robert Krigsman (Krigsman Partners).
Founded by serial entrepreneurs Nick La and Vince Luong, the concept for Weploy was conceived after experiencing frustration around dealing with expensive, non-transparent recruitment agencies as well as the churn of unreliable staff within their own businesses.
The platform was developed with a mission to solve systematic inefficiencies that exist within the recruitment industry and provide a better service for businesses and employees alike.
The Temporary Staff Services, Business Process Outsourcing, Online Recruitment Services, Employment Placement and Recruitment Services industries are collectively worth over $62.9 billion* to Australia’s economy- a fundamental cornerstone to the operation of core sectors.
Weploy Head of Growth, Tony Wu said the market lacked a trustworthy solution to source highly talented temporary staff, a lucrative niche which Weploy intends to address and acquire significant market share of.
“Thanks to technology, the future of work has arrived and business leaders are fundamentally reinventing their workforces. Traditional employment norms and hierarchies are being dissolved and replaced with flexible arrangement, diversified workforces and 21st century thinking, however, the recruitment industry has failed to adapt,” he said.
“Australians are made to deal with outdated, legacy models that don’t match the needs of a modern-day, dynamic workforce. Slow, expensive and misleading services have seen recruitment agencies lose the trust of Australians. As the nature of employment evolves, the industry is progressively letting down both employers and employees and Weploy is on a mission to change this.”
*According to IBISWorld market reports
Inside Small Business