Get Init-6 Support, Algobash Presents Curated Programmer Recruitment Platform

In the midst of growing technological disruption, so does the need for digital talent. Research by McKinsey and the World Bank shows that to prepare for the Industrial Revolution 4.0, Indonesia is said to need 9 million or 600 thousand digital talents every year during 2015 to 2030.

This is in line with the presence of several recruitment platforms that focus on bridging companies with digital talents, one of which is Algobash. In mid-2022, the company managed to secure an undisclosed amount of funding from Init-6, a venture capital fund created by Bukalapak Co-founders Achmad Zaky and Nugroho Herucahyono.

Nugroho Herucahyono as Partner of Init-6 said, "There is a big discrepancy between the supply and demand technology talent in Indonesia. Contrary to what people believe, there is an enormous amount of tech talent. The problem is the quality gap between available talent and what is needed. Algobash tries to solve problems by enhancing talent and helping companies select the best candidates for their talent needs.”

Algobash itself was founded by Elfino Sitompul and Melinda Wardiman, both of whom believe that technology talent will always be needed and its potential is still enormous. In addition, Algobash's solution can not only be applied in Indonesia but also in the global market. "Our mindset is sustainability, so that our solution is a cycle recruitment that benefits all parties,” added Elfino.

Services offered

The company has two business models, namely B2B which focuses on the SaaS platform assessment so that the company can conduct a more in-depth technical capability assessment. The method is not limited to coding test, but also includes cognitive tests and interviews.

In addition, there is also a B2C model for users who want to learn or upskill ability the programming. "Beyond this, we also have the ability to monetize coding competition through sponsorship and others," added Melinda.

The value proposition offered on the Algobash platform is to ensure an objective, non-biased and massive recruitment process through solutions coding test and pre-employment assessment. This not only helps companies avoid risk bad hiring, but also ensure equal and equitable employment opportunities for all existing talents.

Algobash also offers course which can help candidates study at a much more efficient price than bootcamp conventional. Candidates who successfully graduate with good grades and are willing to find work will be recommended by the Algobash algorithm through the product talent pool to the company. With this solution, Algobash can solve problems from upstream to downstream recruitment in Indonesia.

“In addition to opening up job opportunities to be more open and fair, the key to digital transformation is qualified talents. For that we need a more solution scalable than just traditional solutions. Everyone can learn Programming interactively in Algobash with an environment like when you are working later,” explained Elfino.

As a recruitment platform, Melinda emphasized that Algobash is not headhunters. His team does help the company for a more precise recruitment process, but "We don't monetize the company's recruitment process," he said.

He also gave an example of the term "Tinder Swindler" which was widely discussed in the recruitment industry. One of their focuses is to eliminate individuals who practice these actions and ensure that the selected candidates are real and have proven skills through the Algobash platform.

Algobash has tested thousands of talents for various clients in various fields including banks, fintech, e-commerce and corporate. Algobash actively supports Bluebird, Paragon, KoinWorks and more for pre-employment test they. In addition, the company also regularly holds competitions coding "Code Run" and "Kartini Koding Challenge" (women only). Apart from giving benefits prizes, the platform also offers work opportunities for winners and participants.

Regarding the funding that has been obtained, Melinda also revealed that the company will use these funds for platform development, content and marketing. The goal is to get growthrevenues the good one. "We will complete the whole series of recruitment processes so that the company will only need one tool, namely Algobash, not others," he concluded.

Recruitment platform in Indonesia

According to research by Microsoft and LinkedIn, there will be 98 million jobs that require talent with digital skills in the software development or software development by 2025. Workers with skill digital in the field cloud or cloud computing will also be increasingly sought after, with a projected 23 million jobs by 2025.

Regarding market potential, recruitment issues are one of the company's main challenges in the HR field. This is stated in the research PwC at the beginning of the year which described a number of the company's main challenges in the HR field consisting of recruitment issues (39%), system modernization (36%), employee upskilling (28%), remote or hybrid working (24%), and employee benefits (22%).

In Indonesia itself, there are already several services that offer similar solutions, one of which is Deal A Million Dreams who recently announced his participation in the Y Combinator accelerator program cohort W22. In addition, there are also several local players who handle similar needs such as Urbanhire, Ekrut, Nusatalent, and others.