The number of registered employers using Bayt.com to recruit, from multinationals to small private organisations, has also surpassed the20,000 mark.
To celebrate its latest achievements, Bayt.com is embarking on a Middle East road show, networking with key clients, business partners and the media in the UAE, Saudi Arabia, Kuwait and Jordan.
Bayt.com CEO Rabea Ataya said: “Bayt has firmly established itself as the region’s largest talent marketplace. Revenue growth exceeded75 per cent in2005 and net profits were up three-fold. Last year was the fifth straight year of double-digit growth for the brand, and the future for Bayt is even brighter. We now employ150 plus recruitment professionals in10 Middle East cities.”
Bayt.com is aiming to triple its current workforce by2007 and recently launched its own career micro-site - www.bayt.com/'careers’ - to recruit new team members. By the end of next year, registered jobseekers are expected to reach3.5 million and60,000 employers are projected to be using the service.
Ataya said: "Bayt's value proposition has always been about quick, easy and cost-effective matching opportunities. Our financial strength and the size of our database show that clients across the region and around the world increasingly demand and value what we offer.”
Bayt.com's unique technology enables employers to conduct database searches using more than19 criteria such as experience, location and personal information.
Job adverts on Bayt.com receive more than750 applications on average, and candidates can also be filtered electronically using specific search criteria that allow employers to home in on the most suitable people.
Rabea Ataya added: "Bayt.com's success is a partnership between people and advanced technology. Our highly qualified consultants understand local markets, and they are armed with sophisticated proprietary technology to ensure we satisfy customer needs. We are able to locate the right talent within a short timeframe, and with minimal costs compared to traditional recruiting methodology.”
Paving the way for further growth, Bayt.com has launched several value-added services for corporate and individual customers. These include executive search tools for senior professionals, and online advertising platforms for potential advertisers across the region.
Ataya said: "Bayt.com’s 'Executive Search' is an increasingly sought after tool. We have placed CEOs, COOs and CFOs with many of the region's leading organisations, and built a competitive advantage by leveraging our regional networks and extensive private user database to effectively locate the best professionals in the shortest time period."
Bayt.com has also launched the 'Career Coaching Centre' to offer jobseekers specialist training to boost their chances of landing their dream job. This follows the success of Bayt’s CV Services division, which performs CV writing services using dedicated recruitment specialists.
The Bayt.com site sees1.5 million visitors a month, and monthly page views exceed65 million. Founded in2000, Dubai-based Bayt.com has established offices in10 Middle East cities: Abu Dhabi, Dubai, Riyadh, Jeddah, Al Khobar, Manama, Doha, Kuwait City, Amman and Islamabad.
Bayt.com allows jobseekers to post their resumes online free of charge, using a proprietary template that accurately promotes a candidate’s skills and experience and easily facilitates job applications.
Employers are able to advertise vacancies, search and filter for the most ideal candidates with the click of a mouse. Bayt.com personnel offer specialised consulting in more than90 industry categories including IT, finance, energy, engineering and media.