A NEW PARADIGM IN FULFILLING EMPLOYMENT NEEDS OF BUSINESSES AND EXPERIENCED WORKERS
Job Referral 411 knows that it takes human interactions to get a job. Human recommendations work better than do job postings. We provide a straightforward transactional model that unites and empowers the millions of recruiters, job placement centers and employment agencies. It lets them extend their search beyond the traditional methods. Furthermore that same network connects to thousands of people who can make a trusted recommendation to fill the job. Our process injects the missing trust and personal relationship into the 20% of jobs (10,000,000 in the United States in 2007) that are filled outside the natural business and social networks.
Billions of dollars are wasted each year by employers searching for good employees to fill a job. One ad in the paper or job bulletin board brings thousands of resumes that must be read, sorted, qualified, appointments set, interviews given and evaluations made. This industry is broken and has been for years. It is highly inefficient and ineffective.
Most jobs (80% according to Human Resources professionals) are filled through personal business and social networks; people who know people. They are filled through trust and by personal, human recommendations. But when that trusted network breaks down employers have to resort to other methods. Those methods are costly, expending time, labor and capital. They include newspaper advertising, Internet job boards, recruiters and a host of other job fulfillment organizations.
The entire process is difficult for the employer and makes the employer and prospective employees work too hard. Inappropriate hiring takes place due to the difficulty of the process. Job turnover is high; people are hired and fired like a revolving door. It is a hugely inefficient, ineffective and fragmented environment. It lacks the trusted relationship of the personal network and lacks human recommendation.
The social and economic cost of the current system can be measured in billions of dollars. People out of work are receiving unemployment benefits, are destroying their savings, and are sacrificing emotional stability of their families. The opportunity cost of not using the talents of out of work people is even larger than the financial costs. Employers are wasting money in time consuming exercises to process hundreds of responses to notices of available jobs and are expending opportunity costs when jobs are not filled.
