Feefor is a recruitment platform that enables employers to share job vacancies with their networks and set a custom referral fee for successful hires, optimizing the candidate sourcing process. Individuals can earn passive income by referring qualified candidates, receiving a percentage of the fee paid by employers upon successful placement.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional recruitment methods often rely on agencies or internal resources, which can be expensive and time-consuming. Companies struggle to efficiently tap into the networks of individuals who may know qualified candidates, leading to missed opportunities and prolonged hiring cycles. Individuals with valuable networks lack a streamlined way to monetize their connections by referring potential hires.
Solution
Feefor is a recruitment platform that enables employers to leverage external networks by incentivizing individuals to refer qualified candidates for job vacancies. Employers set a custom referral fee, and only pay when a successful hire is made through a referral. Individuals can earn passive income by sharing vacancies with their network and referring suitable candidates. The platform facilitates direct engagement between employers and referred candidates, streamlining the hiring process and reducing recruitment costs. Feefor combines the benefits of recruitment agencies, employee referral schemes, and advertising, providing a cost-effective and efficient solution for sourcing talent.
Target Audience
Feefor targets employers seeking to reduce recruitment costs and efficiently access a wider talent pool, as well as individuals with extensive networks looking to generate passive income through referrals.
Features
- Customizable referral fee structure determined by the employer.
- Direct candidate engagement through the Feefor platform.
- Option for referrers to share vacancies with their network or with additional referrers, splitting the referral fee.
- Employer-controlled sharing options, allowing them to select trusted referrers or utilize platform recommendations.
- Referrer profiles to provide employers with more information about their network and expertise.
- Candidate shortlisting feature for referrers to submit the most suitable applicants.
- Managed services option for employers to anonymously leverage Feefor's sourcing network.