IITian spins web to catch fake CVs !!!

Publication: Times Of India Bangalore
Date:Feb 13, 2007
Section:Times Business
Page Number:19


















Companies beware : IITian spins web to catch fake CVs

R Raghavendra | TNN

Bangalore: Fake CVs have been playing havoc in the recruitment market, compelling companies to spend exorbitant amounts to do pre-hiring or post-hiring checks through third party agencies.
Now, it looks like the internet could make this a simpler and more cost effective process. Mahendra Pratap, an alumni of IIT-Kanpur, has created a portal that allows anybody to add comments about a candidate whose resume is available on the site. The idea is to build trustworthy referrals within the portal that can give comfort to potential recruiters.

The process is simple: You upload your resume and ask your previous employer or colleagues to comment about your personality on the website. Any prospective employer gets to see your referrals and saves his time in making checks about you. If you fake your referrals, your present employer has the opportunity to write his views about you, marking you as a fake for your next job.

Referrals have built a huge amount of credibility among other portals like eBay and LinkedIn. Says Madan Padaki, cofounder and director of Merit-Trac, “A lot of companies make their hiring decisions based on what your colleagues and friends think of you in LinkedIn. Companies look for trustworthy referrals. eBay too rates both its buyers and sellers in order to tell people the actual worthiness of the people who are transacting business.’’
LinkedIn is a business oriented social networking site used for professional networking.

It has over 9 million registered users across 150 industries and over 400 economic regions (as classified by the service). The purpose of the site is to allow registered users to maintain a list of contact details of people they know and trust in business. One can even gain introduction through a mutual, trusted contact. Employers can look out for potential candidates.

In Mahendra Pratap’s portal mohanchoti.com, a company on the look out for candidates pays a one-time fee to the portal and later pays for every reference concerning a particular candidate. Pratap’s concept is patentpending, and barely three months since its founding, the portal has a database of 40,000 CVs and over 15,000 referrals. “Over and above all the checks, if we still hire a candidate who is unworthy of the post, then we have a chance to post our views in his resume. That would make his future employer know about him.

Compared to the traditional reference checks, the advantage here is that we have a ready base of references to begin with,’’ says Nitin Singh Yadav, VP in online movie rental company seventymm, one of Pratap’s clients.

Three other IITians have now joined Pratap and the firm is working to increase its database, “so that we can serve the needs of bigger companies,” says Pratap.

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...referral portal may be way out

Released: Saturday, February 10, 2007 7:55 PM

BANGALORE: Fake CVs have been playing havoc in the recruitment market, compelling companies to spend exorbitant amounts for pre and post-hiring checks through third-party agencies.

Now, it looks like the Internet could make this a simpler and more cost-effective process. Mahendra Pratap, an alumni of IIT-Kanpur, has created a portal that allows anybody to add comments about a candidate whose resume is available on the site.

The idea is to build trustworthy referrals within the portal that can give comfort to potential recruiters.

The process is simple: You upload your resume and ask your previous employer or colleagues to comment about your personality on the website.

Any prospective employer gets to see your referrals and saves his time in making checks on you. If you fake your referrals, your present employer has the opportunity to write his views about you, marking you as a fake for your next job.

Referrals have built a huge amount of credibility among other portals like eBay and LinkedIn. Says Madan Padaki, co-founder and director of MeritTrac, "A lot of companies make their hiring decisions based on what your colleagues and friends think of you in LinkedIn. Companies look for trustworthy referrals. eBay too rates both its buyers and sellers in order to tell people the actual worthiness of the people who are transacting business."

In Mahendra Pratap's portal mohanchoti.com, a company on the look out for candidates pays a one-time fee to the portal and later pays for every reference concerning a particular candidate.

Pratap's concept is patent-pending, and barely three months since its founding - the portal has a database of 40,000 CVs and over 15,000 referrals.

Copyright 2007 The Times of India. Bennett, Coleman & Co Ltd. Source : Financial Times Information Limited

Provider:
Financial Times / Asia Africa Intelligence Wire / The Times of India

http://smallbusiness.mworld.com/m/m.w?lp=GetStory&id=241304831

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Mohanchoti Receives the “Excellence in Entrepreneurship” Award at PAN IIT PAN IIM ENTREPRENEURS FORUM

October 01, 2006 Technology News

(PRLEAP.COM) Mohanchoti, A Third Generation Recruitment Portal (www.mohanchoti.com) , has been awarded "Excellence in Entrepreneurship" Award in the PAN IIT PAN IIM Entrepreneurs Forum on September 23, 2006 in Bangalore. There were more than 180 participants in this forum coming from across India, and this award was appreciation towards innovative approach of Mohanchoti.

Mohanchoti, provides access to information of candidates and instant validation through references. It is an online system which values time and reference. Candidates are rewarded by a unique point system based on the number of genuine people referred. Companies gain the advantage of having complete understanding of their potential recruits, enabling quick and sound decision-making.

What is Third Generation Recruitment?
It is time for a new ERA in recruitment. There is a growing feeling that all the existing players in industry will soon phase out in recruitment industry as they are not catering to the problems currently being faced by recruitment industry - like Problem of Validations, Problem of Forged Profiles, Problem of False and Incomplete Information, to make decisions at a glance.

In first generation, pen and paper were used and so retrieving information was quite painful. Then came the era of recruitment portals and now information was freely available. This was an excellent solution for just a growing industry - people were happy with simply having information.But today, industry is experiencing high exponential growth rate. Having access to information is not enough any more. There are a new set of problems which need to be dealt with - problems of validations, problems of false and incomplete information to make decisions at a glance.

Here is the solution - welcome to the world of Mohanchoti!! This is a third generation recruitment portal with not only access to information, but complete set of systems to validate the same, through various perspectives and eyes like friends, bosses, and old employers. We firmly believe that in today’s fast-moving world, every bit of time spent should have an ROI model for all the parties to get involved whole heartedly.

How it works?
Finally, a system which values your time spent. Yes, candidates get paid for the time they spend introducing and referring friends. Reference is valuable and authentic for companies in taking a quick decision about their potential recruits. Companies will buy your references and you get rewarded. But be careful, your references will get rated by buyers - if a reference is forged, your rating will go down and monitory benefits would be proportional to reference review rating.

Not only this, candidates also get paid a certain percentage of the earning of people introduced by them, based on a unique point system. The earnings through sharing will increase exponentially as chain builds down.

PAN IIT and PAN IIM Entrepreneurs Forum September 23, 2006 was a full day event at The Oberoi, Bangalore for close interaction between IIT and IIM entrepreneurs, successful business persons and venture capitalists to strengthen the spirit of entrepreneurship. Bangalore Chapters of Alumni Associations of IIT Delhi and IIT Kanpur are involved in organizing this PAN IIT PAN IIM event, which is being supported by Sequoia Capital (www.sequoiacap.com ).

This event was open to all the entrepreneurs, or to-be-entrepreneurs- any IIT or IIM or even beyond. The enthusiastic response to this event has been a tribute to the entrepreneurial spirit of new India, and more than 400 registration requests were received.

The motivation for this event is to have a unified approach and build an ecosystem which caters to budding entrepreneurs throughout their ventures – inception, getting funding, and execution till exit. Many successful people want to start on their own today, given the tremendous opportunities unleashed around the globe that they can take advantage of while being in India. The stimulating business climate, technology advancement and success stories of IIT and IIM alumni and Indian entrepreneurs are added charms. This event aims to build a long sustaining forum with frequent interactions where entrepreneurs, to-be-entrepreneurs, accomplished business people and venture capitalists can come and share their ideas, experience and leverage resources with a singular focus – SUCCESS.

About Alumni Associations of IITs
Alumni associations of Indian Institutes of Technology are playing an active role globally in the transformation of business and society. Apart from organizing business focused events and promoting Indian entrepreneurship, they are very active in social entrepreneurship and educational initiatives. They are actively involved in creating the PAN IIT forum.

About This Release
If you have any questions regarding information in these press releases please contact the organization listed in the press release. Issuers of press releases and not PR Leap are solely responsible for the accuracy of the content. http://www.prleap.com/pr/50198/

Mohanchoti at a Glance !!!

General !!!

1.) What is Mohanchoti.com about?
It is a Global Third Generation Recruitment portal. It provides unique interface between candidates and companies.

2.) What is Third Generation Recruitment portal?
It is one step ahead in online recruitment systems. Besides offering instant information, it allows for instant validation and verification through references. Thus common problems besetting the recruitment industry such as false information and lack of instant validation can be easily overcome. The candidates are rewarded by a unique point system for time spent in referring and introducing, and companies get a complete understanding of their potential recruits, enabling sound and quick decision-making.

3.)How does it work?
It is a system which values time and references of users. Yes, you get paid for time you spent referring your friends. There are companies in market who value your opinion about their potential recruits. They pay to use your reference comments. Not only this, you also get paid certain percentage of earning of people introduced by you based on a unique point system. But be careful, we will ask the companies who will buy your references to rate you, if you are giving forged references your rating will go down and you will earn proportional to your rating.

4.) How can I become a member of MohanChoti?
You can become a member by signing in on www.mohanchoti.com, or by registering through an introduction mail from a registered user.


For Candidates !!!

About Introduction : -

1.) What is Introduction?
Introduction is an invitation by a registered user of MohanChoti to a potential recruit/candidate to become a member.

2.) Why should I introduce someone to MohanChoti?
You will be rewarded by sharing of points, which will increase exponentially as chain builds down. Further, companies will get access to information about the candidate.

3.) How many introductions can I make on MohanChoti?
There is no limit, but these should be genuine, else it will affect your earnings adversely.

4.) Whom can I introduce?
You can introduce a friend or someone who is a potential candidate for companies.

5.) What is Introducer's ID?
It is an Identification Number by which the system identifies the introducer at the time of registration through link in the introducer's invitation mail. It is left blank if registration is done directly.

6.) How can I get the introduced person to register?
The status of invitation is shown when you click on "View Introductions." You can send instant reminders online.


About Reference : -

1.) What is Reference?
Reference is professional comments made about a potential recruit. It is available online for instant verification of the candidate, which a company would like to buy from MohanChoti for recruitment.

2.) Who can give Reference?
Reference is given by any person who has genuine comments/remarks to make about a potential candidate of Mohanchoti. Remember, your reference is a valuable authentic tool, so please give carefully.

3.) How can I give Reference?
You can give reference of a candidate at the time of introducing him/her, or anytime after his/her registration. You can also give reference upon invitation mail from a candidate.

4.) Can I view all my Reference comments?
Yes, please log-in and visit the Reference section for the history. You can view, add, but not edit/modify.

5.) Why should I give reference?
Companies who want to recruit a candidate will buy your references, and you get rated and rewarded based on a point system. Further, your reference is useful tool in the recruitment industry to prevent problems of false information and validation. Your reference can help candidate find the right job in industry.

Unique Point System !!!

S Ramesh Wrote
Hi,
I need some clarifications on references and points earned,
If I refer persons having experience in different domains and having various years of experience on those domains (I mean like JAVA, .NET etc…). Then how will you give the points? And for how many points will you give reward?
If I refer batch (people around 4 or 5 from the same company), is there any further benefits from your side to me, you have any chart for how many points earned and how much money we get.
If it is there then send it to me. So how can I get the money through cheque? Please give reply for this mail.

Thanks & Regards,
Ramesh



Hi Ramesh,

Thanks for the mail. System is working like this. Here is brief explanation of how you will get points in the system. Suppose you have two friends x and y

you write details about X and Y and company comes and want to hire X and Y so they will be asked to buy your reference if they buy you will get 100 points.
Suppose out of X and Y. X was introduced by you only now if X has 100 points you will get 10 points.

Now at the end of every quarter we will summarize all the points find out total revenue and and distribute 25 % of it among the member based on their points.

We are working on visual presentation of concept on the site, we would be uploading the same soon.

Team
Mohanchoti


Sarabjeet Singh Wrote Not only this, candidates also get paid a certain percentage of the earning of people introduced by them, based on a unique point system. What is this Unique Point System ?

Hi Sarabjeet.. Thanks for asking the question. We are uploading a graphical picture soon on site to give a clear message.. for the time being let me clarify suppose you are a candidate.

1. n number of people have reffered you. When a company is looking at your profile. They need to buy those reference based on that those people will get some points.

2. You have introduced a friend he earns 200 points you will get automatically 10 % of it 20 points. At the end of a quarter or so we will distribute 30 % revenue among the members in proportion to their points.

Another major point is system is reference validation. Whoever buys the reference will be asked to verify it. and based on the rating your reference rating will go up and down so lets say your rating is 0.7 and you get 1000 points. You will be eligible to be paid for 700 points only. So system is pushing you to give correct reference not friendly refrence.

Regards-
Amit Raj

Kamal said...
I have several friends in the industry. I would like to invite them to register on Mohanchoti.com. Is there a way my network can grow on mohanchoti.com?

Hi Kamal, Yes, you definitely can initiate and spread your network on Mohanchoti.com. The larger your network of potential candidates, the more your financial rewards. All you have to do is, register yourself first and then introduce your friends from your login.
Register.

Why Mohanchoti ???

Hemant Sonawane wrote: People, Apparently, yet another IITian-trio has launched a new company . A Recruitment Portal based on a radically cool concept of paid/trusted references. Think of it as Linked-in with MLM benefits.

The name is outrageous www.MohanChoti.com. If I'm correct Mohan Choti was a prolific, comedian/side-actor of B&W Bollywood era. When I first heard it, couldn't stop grinning for 10 minutes, like #%*#. I wonder why they named it so. just curious, but it's killing me. If the intention was to generate buzz and grab attention, well they got mine !

Read on. Our core team: Mr. Mahendra Pratap.CEO, Advisor IT Expert, Graduate from IIT, Kanpur.........


Hi Hemant,Thanks for the encouraging mail and a genuinequestion. Here is our explanantion. Idea behind keeping the name as Mohanchoti was for-
1.) To have a unique name which does not have anyconnotation from recruitment market, so that we canactually define the meaning for the same. May be backin the mind Google, Yahoo were there like get anabstract name and completely define the meaning of it.Because we feel Mohanchoti is not only aboutrecruitment but a general movement to fill gaps in theIndustry.

2.) Not easily forgettableUnfortunately our team is not a great movie buff, sowe realised quite late that it was the name of acomedian of yester years.

Regards-
Mahendra