Provides an AI-powered employee referral platform that leverages social networks to identify and source hidden, high-quality candidates. By integrating with existing systems, it increases hiring close rates by 8x, reduces recruitment costs by 90%, and ensures 100% first-year retention for referred hires.
Funding
$120K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional employee referral programs often fail to tap into the full potential of employees' networks, leaving many qualified candidates undiscovered. Existing recruitment methods can be costly and time-consuming, with no guarantee of finding candidates who are a strong fit for the company culture. This can lead to increased recruitment costs and higher employee turnover.
Solution
Heystack provides an AI-powered platform designed to expand the reach and effectiveness of employee referral programs. By leveraging AI, the platform analyzes employees' social networks and professional connections to identify potential candidates who may not be actively seeking new opportunities. The platform integrates with existing HR systems to streamline the referral process, making it easier for employees to submit referrals and for recruiters to manage them. Heystack aims to improve the quality of hires, reduce recruitment costs, and increase employee retention by sourcing candidates who are socially vetted and more likely to be a good fit.
Target Audience
Heystack is designed for HR departments, recruitment teams, and companies of all sizes looking to improve their employee referral programs and reduce recruitment costs.
Features
- AI-powered candidate discovery that identifies hidden talent within employees' networks
- Integration with existing applicant tracking systems (ATS) and HR platforms
- Automated referral submission and tracking process
- Social vetting of candidates through employee connections
- Analytics dashboard to measure the effectiveness of the referral program
- Customizable referral bonuses and incentives
- Privacy settings to control the visibility of employee connections