Employee referrals have become quite common and are by far the most preferred mode of hiring in any organisation worldwide. Definitely, the medium has its own advantages – both to the company and to the referrer. But have this ever crossed your mind that you can actually make money by just referring your friends for a job?
No..! But now you can think about this.
A startup called SpringRole aims to open this system to the public, where anyone can refer their friends/ colleagues for any job-whether or not they are a part of the company. With a motto of “Hire faster, Hire Cheaper”. The portal allows anyone who has a social presence online an opportunity to refer or to get referred for a job with SpringRole; and at the same time, to earn an average of $100 per introduction.
The web portal was launched as a hiring marketplace 3 months back in the US and now it has spread its wings in India. Led by Benoit Vatere and Kartik Mandaville, the startup was incubated by California based Science Inc. and is currently headquartered at Bangalore.
How does it work?
Individual users can activate their profile on the portal for free via their Linkedin accounts. The ‘Refer Now’ tab redirects the user to the job listings page, wherein for each job referral a fixed amount ranging between $5 to $20 is mentioned. In order to avoid spam, at a time one user can refer only 6 people for a job.
For instance, a user A saw a job for an Android Developer marked with $10. From his Linkedin connections, he referred Mr. B for this job. Once the referred person accepts the job opportunity, his profile is pre-screened using an algorithm to check whether it matches the company requirements. Now, as soon as Mr. B’s profile is sent to the employer, user A will get USD 10 in his account which he can redeem via cheque, Paypal or Bitcoin.