Get Paid to Interview For Jobs

A new US based company NotchUp brings a novel twist to the hiring formula – companies pay applicants to come in for an interview.Before you start thinking of this as a way to make some quick bucks:

At this time, we’re only accepting applications from US-based professionals. We’ll be launching NotchUp in more countries in mid/late February 2008.

The site makes money by charging 15% to 20% of the money deposited by interested companies. The site officially launched on January 28.How it works:Firstly, jobseekers fill out a profile. You can import your LinkedIn contacts also.Secondly, jobseekers decide on a minimum fee that they’ll charge potential employers for interviews. NotchUp offers a calculator to help – you enter information such as education, salary and work experience, and the calculator gives you a suggested price.Then sit back and wait for the call.Will this really fill employers’ needs? Are they willing to pay those interview fees?Obviously the plan is to cut out the middleman, the recruiter, and allow employers to approach the candidates direct. What happens when the employers make an offer to the candidate and they decline? Will the company still want to pay for the interview and will the candidate still get paid?Companies get their money back and the individual isn’t paid for the interview if:

The individual no-shows or shows up late for the interviewThe individual fails to take the interview seriouslyThe individual has lied on their profile

Who defines whether an individual takes an interview seriously? How late is late?NotchUp’s business model is based on candidates being very sought after. Will this model sustain itself if we went go back to the times of 2000 when the IT bubble burst! Then you’d have the candidates paying the companies instead!