Disclosure
Param discounts monthly fees by 10% for each month roles remain unfilled
“Now let's say if you don't hire you know, if I show you three candidates, right, you end up not hiring even a single candidate, right? So we start taking a hit on, on the SLA, right? So we give you a discount from thousand dollars. We drop it down 10% every mo…”
Assertion Not checkable as stated
Param's government contractor clients exclusively require cleared US citizens
“A lot of our clients are actually government systems integrators. Okay. That means we cannot have H one people. We can't have green card. We cannot have any of those labor categories. We only have to have us citizens. And citizens that are actually clear.”
Disclosure
Param Solutions breaks down its $37,000 monthly RaaS revenue across six customers
“So right now I have one customer is paying us three grand. I have six, four customers who are paying us six grand. One customer is paying us 10 grand.”
Assertion Not checkable as stated
Param Solutions holds a proprietary database of over 380,000 cleared candidates
“And we have grown our own proprietary database system over the past seven and a half, eight years. We have over 400,000 records in that system, right? Over 95% of the records that we have in our system actually have clearances, right?”
Disclosure
Param Solutions charges flat-fee RaaS tiers between $3,000 and $10,000 monthly
“So how we've structured it, Nathan, is essentially it's per requisition cost, right? So the client depends on how many requisitions they have. It's a flat fee. They just pay us a thousand bucks for each requisition. Okay. But we sort of tear it out into three …”
Disclosure
Param Solutions charges $1,000 monthly per job requisition, guaranteeing three resumes
“If you give me 20 jobs, right, and I'm going to charge you a thousand dollars per job per month, again, and I'm going to promise you it's a SLA based requisition model, right? So typically what happens is, let's say you want to hire Five Oracle DBAs. Let's mak…”
Disclosure
Param Solutions targets Washington D.C. companies hiring 5 to 15 people annually
“The sweet spot that we have right now in the DC market is companies that are, you know, typically hiring between anywhere from five folks to maybe 10 to 15 people, a full calendar year, right?”
Disclosure
Param Solutions serves 11 total clients, with 6 using its RaaS platform
“Right now we have 11 clients. Okay. And six of them are actually on the RAS platform on the recruiting as a service platform.”
Assertion Not checkable as stated
Param Solutions employs 17 people across India and the United States
“Okay, so we have six sorry, we have 17 folks. 10 are in India and five are in the US. And two other consultants.”
Assertion Not checkable as stated
Param Solutions successfully placed candidates in 76 jobs during 2019
“In last year, we filled 76 jobs.”
Assertion Not checkable as stated
Param Solutions worked on over 140 job requisitions during 2019
“Well, actually, Nathan, believe it or not, we worked on probably about 140 plus requisitions just in twenty-nineteen.”
Disclosure
Param Solutions is entirely bootstrapped with no outside capital raised
“No, it's completely self-funded by me and my business partner. We haven't gone to the capital markets. We haven't raised any funding at all.”
