Company Overview

Market Segment

Product Description

Referralrecruitment is a global online social recruitment site that facilitates a job referral reward service for individuals or organizations seeking employees and offering a referral reward (recruiters), individuals or organizations seeking to help others finding employees (and employment) and receiving a referral reward (referrers), and individuals seeking employment (candidates). The site has a network of members made up of recruiters (hirers looking to hire), referrers (recommenders earning rewards), and candidates (job seekers looking for a job).
Referralrecruitment is a social recruitment tool as it connects recruiters with candidates, who are recommended by referrers (employees, family, friends, acquaintances), via online word of mouth.

Referralrecruitment is the cost-effective sourcing and recruitment tool that utilizes and monetizes the power of referral hiring and social networking that converts trusted social networks, who know best, into motivated search parties for hiring where everybody wins: recruiters find the best candidate for the job, referrers recommend the right candidate and earn rewards, candidates get a great job, and Referralrecruitment earns a small fee. The cash reward based referral hiring tool enables recruiters to tap into and leverage their personal, professional, and if desired as well public contacts, to find quality job candidates and build a talent pipeline by posting jobs and offering cash referral rewards for their participation in the candidate search. When a candidate is hired, the successful referrers, acting as engaged (part-time) headhunters, earn all of or share the referral reward.

Referralrecruitment enhances the concept of a (sourcing tool number one) private employee referral program and, if desired in combination with, a public job board through streamlining and managing the traditional and proven practise of referral hiring. Referralrecruitment holds the technology for facilitating, tracking, and managing personal referrals as it passes from person-to-person, possibly with multiple degrees of separation, via electronic messages like e-mail, social media and identifies the chain of referrers taking part in the hire so that the cash incentive offered (no cure no pay) by the recruiter can be appropriately rewarded to the referrer(s) in the successful referral path of the hired candidate. Referralrecruitment is turning the social web into a real referral engine for measurable recruiting outcomes.

Referral recruitment is the number one proven recruitment method and Referralrecruitment is the proven tool to use as: it reduces the cost of hire (low cost), it decreases the time to hire (fast), it increases the quality of hire (best) and it is easy to use (easy).

Market Opportunity

Employers cite personal referrals as the primary and preferred method of recruiting quality candidates. Although it's estimated that 45-50% of all hires are referrals, this process is entirely ad hoc. The referral hiring process in most organizations is a mess and Referralrecruitment brings order to the chaos.

Only in the US there are at least 55 million hiring situations annually of which on average 45% made through referrals. In the EU there are at least 85 million hiring situations annually of which on average 50% made through referrals.

Newsletters

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White Papers

See what Referralrecruitment says about referral recruitment:

Testimonials

What our customers are saying about us:

"Employee referrals are one of the best sources for job applicants. Referralrecruitment extends the concept of job referrals by introducing not only a cash referral reward to an employee who has made a job referral, but also to others who may be in the extended network. Referralrecruitment has created a new recruiting model and hiring marketplace. Since its no cure no pay, there is no downside and you just might find a top candidate in days. This is a unique value proposition. I see Referralrecruitment as a truly win-win proposition for everyone. I would recommend Referralrecruitment to any company looking for help finding great people to join their organization."

Eric Meyer

HR Manager, HSBC

"With the war for talent starting soon again, it is essential to look beyond conventional methods of recruiting to stay ahead of the game. Employee referrals coupled with social networks are really an untapped area for finding qualified job candidates. People are motivated to refer job candidates when the potential for a reward is added to the equation. The referral reward service, social networking, and the viral effect aspects of Referralrecruitment are crucial. Referralrecruitment has increased the exposure of our job postings and increased our talent pool. Being able to rely on people we trust to recommend potential hires made the process much easier. Our searches were much more efficient and we saved a lot of money, we spent a sixth of what we would have spent if we had used a headhunter."

Ellen Sanchez

Recruiting Consultant, Cargill

"Referralrecruitment has helped us move away from expensive jobs boards and third party recruiters and start to tap into the social networks of our employees and search engines to attract a new pipeline of talent. Referralrecruitment has been also a great tool to reach people who are often not on big job boards. The quality of candidates is higher; and we get a bulk of qualified candidates per posting from our senior positions. Referralrecruitment enables companies to incentivize relevant referrers to harness their social networks in order to grow referral hires, the best quality, lowest cost, and fastest source of hiring. The best candidate was hired within a week of initiating the search. We have saved for 3 hires at senior positions already EUR 45,000 in combined search fees!"

Frederik Bergman

HR Executive, IKEA

"We're looking for a special kind of talent in our company. Referralrecruitment will help us embrace social recruitment to build a pipeline of qualified candidates and foster better decision making in the hiring process. Friends of our employees are more likely to have the same characteristics our employees do, smart, hard working, so they've gone through a natural filter. We received a number of unique, high quality candidates which we were not seeing on traditional job boards. We made a placement with Referralrecruitment within two weeks. Going forward, we're confident we will be able to hire great team members in a way that's effective and cost-efficient for us via Referralrecruitment."

Nicole Muller

Recruiting Manager, AIDA

"I use Referralrecruitment often, because I can easily share open jobs with my employees and their contacts and I have real-time visibility into recruiting status. Referralrecruitment makes it easy for our employees to get information about open positions and quickly invite their contacts and networks to refer or express interest. Hiring via Referralrecruitment makes our hiring process more efficient, which means we raise our level of execution in competing for top talent. Referralrecruitment allows us to have some exposure and employer branding on the major job search engines that we wouldn't be able to reach otherwise, in particular for the hard-to-fill jobs we made as well public on the public job board with Referralrecruitment.com. Referral hiring proves to be our number one resource for recruiting."

Helen Ruben

Hiring Manager, Canon

"Referralrecruitment is like having a staff of people working for you. As a professional third party recruiter it gives me the opportunity to place the right candidates in the right jobs I would never have had the chance to place. I give up a small piece of the fee for business I never would have otherwise had. I have completed two successful searches with two new clients through the Referralrecruitment system. Referralrecruitment does provide an excellent service and has been most responsive to our inquiries, feedback, and client relationship. I recommend their service to all parties including professional third party recruiters. I think that the model is great and the technology behind it is even better!"

Amy Connors

Staffing Consultant, Manpower

"With Referralrecruitment, recruiters offer a cash incentive, making the request significantly more impactful and elevating the request for referrals from a unilateral 'favour' to a bilateral business opportunity. I use Referralrecruitment to refer jobs and feature them on my professional LinkedIn and Facebook profile in order to refer to my network. I got solid and quick responses and made several successful referrals via Referralrecruitment within weeks and continue to do so."

John Roberts

Referrer, UK

"My friend referred and encouraged me to apply to a position that was advertised on Referralrecruitment.com. I did and now have an awesome job with great people and have just started in this new role. My experience with the Referralrecruitment tool has been very positive. The process was easy and I encourage recruiters, referrers, and candidates to try it out. Thank you so much!"

Christine Allen

Candidate, US

"We were new to social media, so Referralrecruitment caught my eye as a tool that might give us more exposure. Referralrecruitment is a great tool for sourcing on social media sites such as LinkedIn, Facebook, and Twitter.It was a natural step to choose the Referralrecruitment tool which allowed us to effortlessly leverage our growing referral network of Facebook fans and Twitter followers. Furthermore, if you have limited resources, Referralrecruitment lets you cast a wider net and cover all bases. Referralrecruitment has been very successful finding and closing great candidates and significantly reduced our costs. We refined our whole staffing process and built a strong model based on Referralrecruitment that scales as we grow."

David Bergman

Recruiting Manager, Sara Lee

"It's been a long time since I've seen truly innovative technology in the HR field. Referralrecruitment stands out to me as one of the best recruiting technology to drive a consistent process of proactively filling open positions. Referralrecruitment provides the means to find great candidates, while rewarding the referrers within our network. This is a new twist on the oldest form of recruiting. Referralrecruitment is essentially formalizing and organizing a practice that's already proven to be effective. It has given us an effortless way to performance-manage any number of referrers, including professional third party recruiters. I just made two placements within a week and I see many more in the future. I would certainly recommend the site to anyone."

Lucy Li

Recruiting Consultant, Intel

"Referralrecruitment has completely changed the way we handle recruiting. We really like Referralrecruitment because of its ease of distributing referral e-mail messages and publishing on social media sites such as LinkedIn, Facebook, Twitter. Referralrecruitment's automation saves us a lot of time in tracking and managing the referral process. Because of the way the social media optimized job postings are virally distributed, Referralrecruitment has enabled us to expand our reach across social networks and attract more candidates. Furthermore, the Referralrecruitment system works consistently and the candidates are really strong. We employ less recruitment agencies and I am happy to pay a reward to my network for helping me locate quality candidates, as that's what Referralrecruitment delivers!"

Hans Berk

HR Manager, Wartsila

"Referralrecruitment helped us access a whole new network of (part-time) headhunters with just a few clicks of the mouse. It is so much easier than dealing with recruitment agencies offline. After unsuccessfully posting jobs on various sites, I gave Referralrecruitment a try. We were able to identify a recruitment agency acting as a referrer on the other side of the country who really knew our industry and found us a great candidate for a very difficult position that had been open for months. It has not only saved me time, but has enabled us to hire also three other great candidates in less than one month for similar hard-to-fill positions, and it continues to deliver results."

Dara Klein

P&O Manager, Siemens

Case Studies

See how customers use Referralrecruitment:

"Keno Kozie, to leverage social networking and referrals to find new hires."

"Societe Generale's success story with Referralrecruitment."

"Accenture's best practice referral recruitment."

"How Referralrecruitment can work in your company XYZ."