Episode 118
118. This new peer-to-peer recruiting startup may just eliminate headhunters for good.
When I say Recruiter or Headhunter, what is the first word that jumps into you mind?
The days of relying on headhunters for your next job may be over.
Let me show you a new, revolutionary peer-to-peer job search and recruiting company designed by physicians, for physicians that puts YOU back in charge and eliminates the need for a traditional headhunter!
Traditional physician recruitment is painful, expensive and often misleading. But what if there were a way to take back control, keep more of your salary, and find jobs tailored to your needs while earning cash for helping your peers?
~~ Learn about Grapevyne, a new peer-to-peer job board revolutionizing physician recruiting by prioritizing transparency and trust.
~~ Understand how recruiters often take hidden cuts from your 1st year salary and how Grapevyne eliminates this problem.
~~ Explore how you can earn cash by referring friends to positions through a platform built on physician-driven referrals.
Click play to discover how Grapevyne.health transforms physician recruitment into a peer-driven process you can trust while creating opportunities for financial rewards and career growth.
Zhen Chan MD and GRAPEVYNE are HERE: https://grapevyne.health/stopburnout
The Ideal Physician Job Search Formula online video training is HALF OFF Here: https://bit.ly/BF24HalfOff
~~~~~
Explore physician leadership tools and strategies to stop physician burnout, enhance physician wellness and give you the power of personal influence in the C-Suite. All the tools you need to play your role in leading the charge to wellness - at three levels - for you, your teams and your entire organization.
Takeaways:
- The traditional recruiting industry is facing dissatisfaction from both employers and physicians due to inefficiencies and high costs.
- A new peer-to-peer recruiting platform allows physicians to earn money by referring their colleagues for job opportunities.
- Grapevine Health offers a unique model where physicians can receive cash payouts at various stages of the hiring process.
- The platform eliminates the hidden fees that traditional recruiters often impose on physicians' first-year salaries.
- This approach empowers physicians to take control over their job search and recruitment process.
- The founder emphasizes transparency and trust, ensuring that physician data is not sold or misused.
Transcript
In this episode, I'll introduce you to a new and revolutionary job search and recruiting firm founded by physicians grown by physician referrals.
Doug German:It's physician to physician peer mediated job search and recruiting.
Doug German:You've never seen anything like it.
Doug German:I'll show you all of the unique features of this new company and its physician founder.
Doug German:Hello and welcome to the latest episode of the Stop Physician Burnout podcast, a physician physician leadership podcast where you will learn the skills so that we can join together and lead the charge to physician well being.
Doug German:Skills to earn the respect of your colleagues in the front line.
Doug German:Skills to exercise true influence in the C suite and take back your job, your practice, your career and your life.
Doug German:All of these tools have been proven effective in my 40,000doctor physician coaching and training practice.
Doug German:And if I know one thing, I know you're super busy.
Doug German:So let's get started.
Doug German:In this Black Friday edition of the Stop Position Burnout podcast, you will discover some new developments in the recruiting industry that you're not going to like where they're actually stealing part of your first year salary when you take a new position.
Doug German:I'll also show you a new physician founded and led peer to peer recruiting and job search company and we'll talk all about the revolutionary features that are going to make you want to register right away.
Doug German:I expect this company to be very popular in the years ahead because it takes everything that's wrong about the recruiting industry now and flips it into everything that's right.
Doug German:Check it out.
Doug German: n our Black Friday episode of: Doug German:I'm here with Zen Chen who's the co founder of Grapevine G R A P E V Y N E, which is a new peer driven job board and recruiting service for physicians.
Doug German:And it's got such a revolutionary design and revenue model.
Doug German:You have to hear about it and I think you're going to want to participate.
Doug German:Just a quick note, I have no financial relationship with Zen or.
Doug German:Fine.
Zen Chen:Okay.
Doug German:I'm not being paid to share this information with you, Zen.
Doug German:Tell me what's going on in the recruiting industry that made you a and your team want to found this company now and build it in this way?
Zen Chen:Yeah, there's been a lot of dissatisfaction from both the employer side and the physician side with traditional recruitment.
Zen Chen:It's inefficient, it's ineffective and it's very costly.
Zen Chen:And there's not a lot of trust with traditional recruitment when it comes to physicians.
Zen Chen:So that's where we see that timing wise, this is a really Great product.
Zen Chen:Let physicians drive the process.
Zen Chen:Let physicians make some money out of it too, and take that power in medicine.
Doug German:Now, most of us know that when a recruiting company brings in a physician and they sign for a new job position, they get paid a fee for that.
Doug German:A headhunt, we call it a headhunting fee.
Doug German:Right, but you were telling me yesterday when we first met that there's another way that they're grabbing money away from the doctor who signed the contract behind, behind the closed door and you don't even know about it.
Doug German:Tell us about this new practice of compensating recruiters.
Zen Chen:Yeah.
Zen Chen:So there is a commission based structure that is a percentage of the future one year salary of the physician.
Zen Chen:Oftentimes that can range from 15% to 30%.
Zen Chen:Now you can imagine an employer juggling how much to pay a headhunter versus how much salary to provide that future physician.
Doug German:Well, I'm going to be a little more aggressive about stating that that's actually the headhunter stealing your first year salary and you're not going to know about it unless you ask.
Doug German:And even then they might not divulge.
Doug German:So let's go over some of the unique features of this peer to peer referral system.
Doug German:Tell us how it works.
Doug German:If I want to put myself up as a candidate, tell us how it works, referring my friends, all that stuff.
Zen Chen:So I'll go through the full workflow.
Zen Chen:Employers that want to list their job with us, they contract with us.
Zen Chen:And we actually specifically designed that job post to be tailored to that specialty, as detailed as possible, so that a physician in that specialty, when they see the job post, they have as much information as they possibly need and want.
Zen Chen:And we include information like neighborhood walkability scores, average home values, public schools.
Zen Chen:Because we see physician jobs as closer to buying a new home than your average transferring between, let's say two remote tech jobs, so to speak.
Zen Chen:Once that job is posted, all of our members have access to see those jobs and can use either if they like it themselves apply, or if they think that they have a peer that is a good fit for it, they can click the refer button.
Zen Chen:And just like Uber Instacart, any of these kinds of companies that have referral codes creates a personalized link for you.
Zen Chen:And when your friend or colleague or family member sees that post, they think that they're interested.
Zen Chen:Based on this comprehensive job post, they can apply.
Zen Chen:And as they apply and go through the various milestones of the hiring process, you as the person who referred them, can actually get significant cash payouts for each Milestone what that means?
Doug German:What, what are you talking about?
Doug German:Cash payments for my referral signing up.
Doug German:Are you kidding me?
Doug German:So does it cost me anything to register as a potential job applicant on the site and get started?
Zen Chen:We do not have you pay to register for the site.
Zen Chen:It's absolutely free for physicians to sign on.
Zen Chen:It's a great fund.
Doug German:If you refer a friend and they end up, even they don't have to sign a contract if they end up taking steps in the application process, you get paid and these are your friends.
Doug German:So this is a true peer to peer referral network with payments to you as a participant in all stages of the process.
Zen Chen:Correct.
Doug German:Wahoo, brother.
Doug German:So real quick, Zen is an example of physician leadership outside of traditional clinical practice serving a need in the marketplace.
Doug German:And I think that you will agree with what you just heard just now, what you just heard.
Doug German:Register as a potential applicant.
Doug German:Refer friends.
Doug German:They step through the process, you get paid.
Doug German:So it's friends referring friends into specifically curated and mounted job positions done by a doctor.
Doug German:Zen, tell them what you're board certified in.
Zen Chen:Of course I'm board certified in pediatrics and I'm still practicing as a pediatrician.
Doug German:There you go.
Doug German:So we got, we got a real mensch.
Doug German:A real mensch at the, at the throttle.
Doug German:And Zen is also hip deep in the practice of creating this company right now.
Doug German:So you're working to get people to sign up on the network, you're working to get job listings into the network growing fast.
Doug German:And this is everything that's wrong about recruiting flipped on its head into everything that's right.
Doug German:What do you want our people to know?
Doug German:Where do they need to go?
Doug German:How do they register?
Doug German:How do they refer friends?
Doug German:What's, what's the skinny?
Zen Chen:The best place to go is our website, Grapevine Health.
Zen Chen:That's Grapevine spelled with a Y, G, R, a P, E, V, Y, N, E Health.
Zen Chen:You can sign up as a physician.
Zen Chen:It's verified right now by an mpi.
Zen Chen:And once you're on the platform, you can see all the jobs that are posted there and either apply to them yourself or, or if you know someone that is a good fit, you can refer them as well.
Doug German:So if I refer somebody and they.
Zen Chen:Take a step, you can get paid $25 right now.
Zen Chen:If they finish the interview process, you get paid 150.
Zen Chen:If they get hired, you get paid two grand.
Doug German:So at last you potentially have a friend in the headhunter industry because he's not hunting your head.
Doug German:He's trying to provide you with a quality opportunity amongst Friends and spread the network based upon friendship and affiliation with you and your colleagues in your specialty, giving you higher quality job listings.
Doug German:It's cheaper for the employer to fill the position.
Doug German:You get more of your salary back rather than stealing it off the back end.
Doug German:And it's just among friends so you don't have to deal with butthead recruiters anymore.
Doug German:Right?
Doug German:Look at him.
Doug German:Look at that ponum.
Doug German:He's going to be your buddy, get you in the network and multiplying the power of the network over time.
Doug German:Because I think as people understand what grapevine is, we're going to have a robust number of people in the pool of applicants and a robust number of job opportunities because it's just an easier process for the employer.
Doug German: n the early stages of here in: Doug German:So, dear listener, let me make a Black Friday offer to you.
Doug German:50% off our ideal physician job search formula.
Doug German:Online video training.
Doug German:Seven short video lessons, 11 hours of CME.
Doug German:We teach you how to build your ideal job description, work with recruiters, interview, negotiate your contract, and onboard yourself on the far side to a new job that's at least a 70% overlap with your ideal job description.
Doug German:Click the link, grab the training, dive in, and best of luck in your job search.
Doug German:It's such a good job market.
Doug German:If your satisfaction with your current job is less than 5 on a scale of 10, it's time to at least start interviewing because there's a better spot out there for you, I promise.
Doug German:And now back to the show.
Doug German:Let's wrap it up.
Doug German:So, Zen Chan Greatvine Health.
Doug German:G R A P E V Y N E Health.
Doug German:Go register.
Doug German:Any last words?
Doug German:Zen?
Zen Chen:We just wanted to tell everybody that we believe this is the right way to recruit.
Zen Chen:We're driving trust, we're driving transparency.
Zen Chen:We're not selling off your data to anybody.
Zen Chen:We think that this peer to peer model is the way to bring back some of that ownership in medicine to the physician community.
Doug German:What?
Doug German:You're not selling my data either?
Doug German:You mean I'm not going to get spammed as soon as I register with you?
Doug German:Thank you so much for sharing your information here.
Doug German:That's it for today's episode of the Stop Physician Burnout podcast.
Doug German:We come to you twice a week, Tuesdays and Fridays for just 10 minutes.
Doug German:A single digestible nugget of physician leadership goodness from my 40,000 doctor coaching and training practice.
Doug German:Please subscribe where you get your podcast and leave us a review if you're feeling it.
Doug German:And until we're together again in the next podcast, you keep breathing and have a great rest of your day.
