Why pay for recruiting software?

Build a career website, accept applications online, and track all your interactions with job candidates using a new, free tool called SmartRecruiters, just introduced in beta by MrTed, a London-based provider of talent-management software. HR managers can sign up for the Web-based software at SmartRecruiters.com and start using it immediately. How will MrTed make money off the service? By collecting referral fees from services like Yahoo! HotJobs, which users can access through SmartRecruiters.