Job bidding is a process in which applicants are required to compete with other applicants for a job position that has been posted by an employer or organization.
This method of recruitment is used when the number of applicants exceeds the number of job positions that are being offered by a large number.
In another example of job bidding, the applicants are required to bid for a salary or a pay amount for the job they are applying. Depending on the bids received from the applicants, the employer will select the final employees or invite the best bidders for further recruitment and selection process.
Freelancers often look for such Job where they need to quote their Work Rates either Monthly, Daily or Hourly.