Question

Urban Company is Asia's Largest online home service platform. Launched in 2014, Urban Company today operates in India, Australia, Singapore, the UAE and the Kingdom of Saudi Arabia. The platform helps customers book reliable and high-quality services-beauty treatments, massages, haircut, home cleaning, handymen, appliance repair, painting, pest control and more-delivery by trained professionals conveniently at home. Urban Company's vision is to empower millions of professionals worldwide to deliver services at home like never experienced before. Urban Company provides a platform that allows skilled and experienced professionals to connect with users looking for specific services. All the professionals, though experienced and skilled, undergo intensive training modules before being allowed to list their services on the platform. Once on the platform, Urban Company's match-making algorithm identifies professionals who are closest to the users' requirements and available at the requested time and data.

In reference to the above case, answer the following question:

1. What type of Bank account does Urban Company have? Why?
2. Explain how, the professionals are recruited by Urban Company.
3. Write about any three External sources of Recruitment.
4. What services does the Urban Comany offer?

Answer 1

1. Urban Company likely has a Business or Corporate Bank Account. This type of account is essential for managing the financial transactions of a large-scale business like Urban Company. Here’s why:
   • Business Transactions: Handle huge amounts of transactions, such as customer payments and payouts to service providers.
   • Payroll Management: Payroll management is responsible for paying salaries and administering employee financial benefits.
   • Expense Management: The management of operational, marketing, and other business-related expenses.
   • Multi-Currency Handling: Because Urban Company works in numerous nations, a business account may effectively handle transactions in various currencies.
   • Loans and Credit Facilities: Obtain business loans, credit lines, and other financial services required for growth and operations.
2. Professionals are recruited by Urban Company through the following process:
   • Skilled and Experienced Candidates: Urban Company seeks competent and experienced people.
   • Intensive Training: Even if the professionals are already skilled, they participate in intensive training modules supplied by Urban Company.
   • Platform Listing: After completing the course, professionals can list their services on the Urban Company platform.
   • Match-Making Algorithm: Urban Company's algorithm selects professionals who meet the users' needs and are available on the required time and day. 
3. Three External Sources of Recruitment.
   • Job Portals: Urban Company can publish job openings on prominent job sites such as LinkedIn, Indeed, and Naukri.com. These platforms are widely accessible and can quickly draw a huge pool of eligible candidates.
   • Campus Recruitment: Recruiting new graduates and interns from universities and colleges. Access to youthful, passionate talent that may be developed to meet the company's goals. Helps to create a chain of future employees.
   • Employment Agencies: Recruiting new graduates and interns from universities and colleges. Access to youthful, passionate talent that may be developed to meet the company's goals. Helps to create a chain of future employees.
4. Urban Company offers a wide range of home services, including:
   • Beauty treatments
   • Massages
   • Haircut
   • Home cleaning
   • Handymen
   • Appliance Repair
   • Painting
   • Pest control, etc.