Connect with us

Hi, what are you looking for?


Bossjob attracts 2.9 million users in PHL

Secures $5-million funding to boost globalization efforts

Bossjob, the chat-first career platform for professional hiring in Southeast Asia (SEA) and designed for small and medium enterprises (SMEs), announced it had garnered over 2.9 million registered users in the Philippines, making it the leading career platform in the country’s recruitment industry.

This marks a significant milestone for Bossjob, which entered the Philippine market in 2018 at a time when the local recruitment market is relatively traditional, indicating a need for innovation.

“Legacy recruitment websites, created in the Web 1.0 era, have outdated matching capabilities and business models based on selling job ads and resumes, which do not meet the expectations of companies nowadays in terms of efficiency and effective cost per hire. Some firms rely on headhunters, but their high commission rates, typically 20%-30% of a hire’s annual salary, pose a significant burden for SMEs,” Bossjob Co-Founder and Chief Operating Officer Kiat How Quak shared.

The team sees the opportunity and has since focused on improving hiring efficiency by offering direct chat and highly accurate artificial intelligence (AI)-matching for both talents and employers on Bossjob’s mobile application.

So far, more than 10,000 companies in the Philippines are utilizing their platform, including reputable brands such as SM Investments Corp. and Accenture as well as BPO firms like Acquire BPO Philippines and Foundever.

Bossjob, which some investors dub the SEA version of China’s BOSS Zhipin and Tianyancha, entered the Philippine market with its innovative MDD model of “mobile + direct chat + AI-matching,” introducing direct chat into the recruitment scene. With the help of cutting-edge artificial intelligence technologies and big data, the platform recommends highly suitable and active candidates to employers and relevant job opportunities to job seekers. This enhances matching accuracy for both parties, reduces information asymmetry, and improves recruitment efficiency.

On Bossjob, companies pay for engagement with potential employees instead of job ad views, leading to a higher payment penetration rate and reduced average revenue per paying user (ARPPU) compared to conventional recruitment platforms, thereby lowering the entry threshold for businesses.

Upon onboarding, more than 80% of job seekers on Bossjob have initiated chats with employers, indicating users are recommended with highly relevant job openings. Employers are actively engaging job seekers with response rates between 60%-80%. The platform sees a successful matching rate of about 50%.

Following the successful $5-million funding round and its significant traction in the Philippine market, Bossjob announced on May 8 the official launch of its globalization strategy. The company is venturing into Singapore and Indonesian markets this month with the Hong Kong market in plan for the third quarter of 2023. They also anticipate serving more than 30 million users in SEA by 2026. To accelerate its expansion goals, Bossjob is offering free trials to companies this year.

On Bossjob’s platform, employers from countries such as Hong Kong, Singapore, and Japan are looking for talent in the Philippines, showing that there is a global demand for skilled talent from SEA.

“Demand has significantly increased among global employers for talents from SEA, particularly in the Philippines. The quality of talent and the effectiveness of matching on online recruitment platforms are becoming increasingly important to employers in the face of intense competition for talent, which presents an opportunity for Bossjob’s globalization strategy to take hold,” Mr. Kiat said.

The region is projected to be the world’s fourth-largest economy by 2030, with global investors keeping a close eye mainly driven by factors such as the Regional Comprehensive Economic Partnership agreement, continuous technological advancements, foreign trade transformation, and economic growth.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



By Luisa Maria Jacinta C. Jocson, Reporter THE NATIONAL Government’s (NG) budget deficit widened to P133 billion in August as revenues declined, data from...


THE GOVERNMENT is planning to launch US dollar-denominated retail Treasury bonds (RTB) on Tuesday, Finance Secretary Benjamin E. Diokno said. “We will launch the...


By Keisha B. Ta-asan, Reporter SUPPLY SHOCKS to inflation and a weaker peso against the dollar may prompt the Bangko Sentral ng Pilipinas (BSP)...


By Bernadette Therese M. Gadon, Researcher THE PHILIPPINES’ largest banks saw asset and loan growth ease in the second quarter, reflecting the impact of...


PROJECTS and activities to be funded via the issuance of “blue bonds” should support specific items under the United Nations Sustainable Development Goals (UN...


1 of 5 VERSACE TOM FORD PRADA EMPORIO ARMANI FENDI MILAN — Italian luxury label Dolce & Gabbana (D&G) presented a mainly black and...

You May Also Like

Top News

As the world seeks sustainable and energy-efficient solutions for heating and cooling, the heat pump market is experiencing a significant surge. According to the...


The Toto site’s user-friendly interface makes it easy for both beginners and experienced gamblers to navigate through the various features. “¸ÔÆ¢Æú¸®½º site is a...


Almost 100 jobs are thought to be under threat at smart home energy technology manufacturer myenergi. The Grimsby firm, named one of the UK’s...


The number of small businesses planning to increase prices to their customers is set to rise dramatically this quarter, further fuelling inflationary pressures. A new quarterly analysis of...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.