About FEEFOR

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.

<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. </problem> <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. </solution> <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. </features> <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. </target_audience> <revenue_model> Feefor generates revenue by retaining a percentage of the referral fee set by the employer, with the percentage varying between 20% for early adopters and high-volume users, and 40% as the standard model. </revenue_model>

What does FEEFOR do?

Where is FEEFOR located?

FEEFOR is based in United Arab Emirates.

When was FEEFOR founded?

FEEFOR was founded in 2023.

Location

United Arab Emirates

Founded

2023

Employees

2 employees

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FEEFOR

Score: 23/100

AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

feefor.com 100+

Founded 2023 – United Arab Emirates

Funding

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Company Description

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.

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.

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.

Revenue Model

Feefor generates revenue by retaining a percentage of the referral fee set by the employer, with the percentage varying between 20% for early adopters and high-volume users, and 40% as the standard model.