The General Authority for SMEs (Monsha’at) has launched a partnership with Bidayati, the online jobs platform for young Saudis.
Under the partnership, SMEs across Saudi Arabia will be able to find and hire young Saudi employees on the Bidayati platform (Bidayati.com) at special reduced prices.
Bidayati is a mobile-based jobs platform for young Saudis aged 16-30 who seek work. Employers can use it to find workers for full-time jobs, part-time jobs and internships. The platform is unique in that it does not require jobseekers to have a CV and uses a simple questionnaire and AI technology to recommend the right candidates for each job.
According to data from the General Authority for Statistics, around 950,000 SMEs are registered in the Kingdom. They employ an estimated one million Saudis, representing around one-third of total Saudis employed in the private sector.
Commenting on the partnership, Abdulrahman Alsmail, General Manager of Enterprise Growth at Monsha’at, said: “Increasing the share of SMEs in the economy is a key goal of Vision 2030 and what Monsha’at is striving to achieve. An efficient and cost-effective online hiring platform is critical for SMEs to find the staff they need to grow their business, while bringing jobs to young Saudis.”
The Bidayati platform is already used by thousands of jobseekers and hundreds of employers. Faisal Alkhudairi, co-founder of startup FarragoTech based in Riyadh, used Bidayati to expand his team. Describing his experience, he said "I posted three vacancies on Bidayati, received twenty candidates within a few minutes, and hired two of them the next day. It was a very efficient process.”
Rahaf Alghunaim, a Marketing student at Princess Nourah Bint Abdul Rahman University who used Bidayati, said “I wanted a part-time job in the private sector at the same time as my university studies. I registered on Bidayati and then an employer called me, arranged an interview and offered me a job. It’s my first proper business experience and a very professional environment.”
According to business leaders and human resource experts, Bidayati is addressing a genuine need in the market. Turki Almadhi, founder and president of TAVI, an investment firm, said “SMEs have not had an easy time recruiting staff. At the same time, young people face challenges in connecting with jobs. While Linkedin may be useful for some segments of the workforce, it is not working for the younger generation with limited work experience. A digital platform that connects young Saudis with jobs was much needed and is a positive and important development for the country.”
By some estimates SMEs account for about 97 per cent of all businesses in Saudi Arabia but contribute only about 20 per cent to the country’s GDP. According to a recent IMF study, SME share of the economy in KSA is slightly lower than the average in the Arab world, and far below the European Union average, where SMEs account for 55 per cent of the GDP. One of the goals of Vision 2030 is to increase SME share of the economy to 35 percent, playing a vital role in job creation and the diversification of the Saudi economy.-- Tradearabia News Service