Finding, matching and linking teacher vacancies to interested applicants for just £3. This seems unbelievable, especially if you add in all the benefits of the data collected to help with expanding our knowledge of the teacher labour market.
But, less than £3 a vacancy is the cost TeachVac’s accountants are telling me as Chair that we spent in the school year 2019-2020 handling more than 50,000 vacancies during that time. Adding teacher capacity comes at negligible cost to the system, and with well over 90% coverage of schools across England, in both state and private sectors, and a five year track record of success, the brand is now well established in the market and offers great value for money.
However, to some extent, TeachVac has been a victim of its own success, the DfE now has a site that carries a fraction of the jobs TeachVac finds. The DfE site also requires schools to do far more work to upload jobs to the site than Teachvac requires.
So it is free to the DfE, free to teachers, but not as free to schools as Teachvac. Indeed, assuming there are development and hosting costs it isn’t free to the DfE. Does it cost the taxpayer more than £3 per vacancy?
School leaders are still happy to see schools spend millions of pounds on recruitment, while complaining that education is under-funded. I don’t subscribe to the argument that education funding must help prop up private sector profits, and I wonder why others with more authority than I will ever have are happy to turn a ‘Nelsonic’ eye to such expenditure.
TeachVac’s latest accounts will soon be visible to all on the Companies House website. They are filed by Oxford Teacher Services Ltd, the holding company. If you would like a sight of the latest accounts before they appear there, do make contact and I will be happy to send you a set.
We have come a long way since the days of hot metal and the moves, firstly from column inches to display advertising, and then to the introduction of colour into vacancy advertising. Shifting recruitment advertising to the web has offered opportunities, not fully exploited by the profession, to cut costs and innovate.
TeachVac has been happy to show the way, and is now looking to expand its expertise gained with teacher vacancies into non-teaching roles. Who knows, we might be able to offer all jobs in schools across England for less than a quarter of a million pounds: now there’s a thought.
Of course if you want to sponsor the site, TeachVac is happy to engage in discussions with you. Imagine, 50,000 vacancies brought to say 60,000 job seekers across the year and around the world as teaching has become a global profession. You can do the arithmetic.
I am proud of what the small team on the Isle of Wight have created over the past five years. Please tell us how we can do even better.