5. Tempo

Founders: Ben Chatfield and Ollie Povey
Founded: 2017
Website: www.heytempo.com

Whether you outsource your recruitment or do it in-house, finding new staff can be an expensive and laborious process, with a lot of time and resources wasted on back and forth with unsuitable candidates.

But shouldn’t it be the opposite? A chance to bring on board the kind of fresh ideas and energy that can help your startup thrive.

Racking up its third appearance in the Startups 100 is Tempo, the recruitment startup on a mission “to make work an adventure and recruitment the most exciting thing companies do”.

Founders Ben Chatfield and Ollie Povey claim their unique recruitment process cuts the average ‘time to hire’ to just four days and the cost of hiring by 65%… So, how does it work?

Both the business and the candidate create a “rich-format CV”, which contains a wealth of information about everything from skills and experience to company culture and salary expectations. Candidates also create profile videos, and companies can upload videos to give candidates a feel for what it’s like to work there.

Tempo then uses machine learning to match candidates to suitable companies based on key criteria, preferences, and behavioural data from the platform.

By the time the company and the candidate have been put in touch, both parties have much more information about one another, leading to better, faster decision making.

Tempo has two payment models, pay as you go, and subscription, where clients pay a monthly fee for access to the platform.

So, can recruitment be the most exciting thing a company does? Well, 2,500 UK businesses seem to think so, including the likes of Monzo, Bulb, and ASOS, who currently have a database of more than 70,000 candidates to choose from. This impressive startup is definitely setting a new tempo for hiring in the UK.