What happens when you take social networking, marry it to job recruiting, and stick it on the web? The folks at H3.com decided to find out. The result? An online meeting point where a recruiter drops a finder’s fee that hopefully inspires friends, and friends of friends, to pass on the job description. For the buzz-worthy, it’s a modernized recruiting method supported by social networks; and for the rest of us, it’s just good ol’ fashioned word-of-mouth.
H3.com’s service lets employers send messages about job openings to a list of trusted people. Those who refer a candidate who is eventually hired receive a cash reward. Typically, the amount ranges from $1,500 to $2,000, although it has been as high as $10,000. If more than one person is involved in the referral, the reward is shared.
H3 makes its money by collecting an additional 10 percent of the referral reward from the employer.