DUBLIN, Ireland, July 17, 2013 /PRNewswire-iReach/ -- ReferStar Ltd., today announced the launch of its Software as a Service (SaaS) solution that automates employee referrals and extends employer talent acquisition efforts by utilizing the major social networks -- LinkedIn, Twitter and Facebook -- to find the right hire for any vacancy.
ReferStar automates employee referrals and extends talent acquisition efforts via the social media networks of employees, alumni, customers and suppliers, dramatically reducing costs and improving the efficiency of an organization's recruitment efforts. ReferStar allows anyone to refer a job and earn a referral fee for finding the right candidate through employees and recruiters, who can become expert Referrers.
"ReferStar is leading the new wave of online technologies leveraging social media channels to disrupt candidate acquisition efforts in the recruitment process," says Morgan Pierce, CEO of ReferStar. "From our offices in Dublin and Liverpool, we are strongly positioned to build a dynamic and competitive organization to tackle the dynamic referral recruitment sector." Heading the UK office is Paolo Bafico, Sales Director of EMEA at ReferStar.
Industry research shows that referrals are 20 times more likely to be hired, socialize faster into a company's culture, have a higher level of performance, and remain loyal longer. Managing referrals through social media channels can significantly reduce recruitment costs -- enhancing the quality and quantity of referrals -- for employers, and integrate easily into existing HR systems. Koncept Analytics projects that the global recruitment industry will grow to $369 Billion by 2014. Companies are keen to look for new ways of accomplishing employee referrals.
"At Deloitte, we offer diverse, challenging and rewarding career opportunities and recognize the part our people play in the success of our firm. We believe solutions like ReferStar will help us to achieve our goal of attracting and recruiting top talent in a proactive and innovative way," explained Rose Mary Hogan, Resourcing Manager at Deloitte Ireland. Deloitte's 1,200 people in Dublin, Cork and Limerick provide audit, tax, consulting, and corporate finance services to public and private clients spanning multiple industries.
ReferStar automates and extends the reach of employers by empowering their employees, customers, alumni and suppliers to use social media networks to provide targeted talent acquisition through the referral process. ReferStar tracks the candidate workflow, and provides a referral fee for successful hires, dramatically reducing costs and improving the efficiency of recruitment efforts. ReferStar is headquartered in Dublin, Ireland with sales for the region located in Liverpool, UK. For further information please visit: www.referstar.com
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