TalentBank, Talent Matching Grows 240% Year-on-Year Amid COVID Impact

Over 2,000 Corporate Project Requests, 60% Reorder Rate
"Leading New Employment Trends as a Representative Gig Economy Platform"

Talent matching platform Talent Bank (CEO Gong Jang-hwan) announced its key achievements on the 21st, marking its 3rd anniversary since launch. Photo by Talent Bank

[Asia Economy Reporter Kim Heeyoon] Talent Bank, a talent matching platform led by CEO Gong Janghwan, announced its major achievements on the 21st, marking its third year since launch.

Talent Bank explained that after COVID-19, requests for new business and online transition projects surged significantly, resulting in approximately 240% growth in 2020 compared to the previous year.

Launched in 2018 as an in-house venture of Hunet, Talent Bank demonstrated the potential to create employment for high-spec seniors and alleviate the shortage of skilled personnel in small and medium-sized enterprises (SMEs), and spun off as a separate corporation at the end of last year.

Since its official launch, Talent Bank has received about 2,000 corporate project requests over three years. Notably, the re-request rate exceeds 60%, indicating that companies who have used the service once are satisfied and continue to request other projects, according to the company.

Looking at the size of the requesting companies, SMEs account for 54%, startups 26%, mid-sized companies 16%, large corporations 2%, and public institutions 2%, showing that small to medium-sized companies facing difficulties in securing professional personnel are the main users.

The fields most frequently requested by companies recently include △online business strategy △overall startup support (business planning, marketing, investment attraction) △new technology materials (bio, electric vehicles, solar cells) △government-supported projects.

Currently, Talent Bank has secured a pool of about 10,000 high-spec experts. All of them are professionals with an average of over 20 years of experience, having served as executives in SMEs or team leaders and above in large corporations. Among them, 4,000 are ‘certified experts’ who have passed document screening and one-on-one in-depth interviews. Being composed of verified experts is the biggest differentiator from other talent matching services.

The areas of expertise are composed of management strategy/new business (27%), marketing (16%), sales/purchasing/distribution (15%), IT (9%), engineering (9%), HR/general affairs (8%), finance/investment (7%), etc. The experts’ occupations include freelancers, current employees, and business owners, with more than half actively working as ‘N-job’ holders despite having affiliations.

CEO Gong Janghwan said, “Talent Bank is a service created to connect experts with experience and knowledge to companies facing manpower shortages, contributing to social and corporate development. We are continuously developing advanced services such as ‘online consulting services’ and ‘expert survey-based market reports,’ and we aim to become a platform representing the gig economy, creating new employment trends in the future.”

This content was produced with the assistance of AI translation services.