I love your invitation for others to “offer low cost referral solutions” – since H3.com (through its predecessor company jobrewards.com) invented this category back in 1999 we have seen many copycats, most of them well known to you too. And interestingly enough great majority of these copycats infringe our first patent (issued in nov 2005).

There’s indeed magical power in $10k referral rewards: high hiring rates and no resume spam. Offering such H3.com referral rewards enable our corporate customers to activate armies of external “Hidden HeadHunters” much more often than they usually can afford to activate professional ones, and at a modest fraction of the costs.

Want to earn some more referral rewards: click on this link, 7 jobs with $80,000 in referral rewards including one super cool VP HR jb with a $20,000 reward…!

https://www.h3.com/?mr=sn90iiLqBAxwps65Tu9qrfguGv0 (link from Hans Gieskes)

Go Bucks,

hans

While JobThread has expanded its offerings significantly over time, we do still offer our complete referral solution. In our latest release, just made available, employers and recruiters can get their own job site and post unlimited jobs for free (and have them syndicated to vertical search sites).

Referral rewards can be offered and the system tracks referrals automatically. You can even pay out the referral reward using the system if you want or manage offline.

There is no minimum reward and there are no fees.

You can also import your contacts and create email lists to manage referral campaigns easily.

To sign up and get started:
http://www.jobthread.com/jt/home/employers.php

And, it’s free.

As far as what you wrote above, there are lots of reasons why 1500 referral fees don’t work. The first is just the plain old fact that people dont’ want to refer people. Yah I know that people want to help their friends but friends typically are not qualified.

Recruiters come to work in the morning to make referrals in order to get 20-33% of the referred candidate’s salary. For the most part 1500 bucks just does not work on a mass scale. what is interesting is that the companies themselves are starting to realize this.

For example, If you look at TalentHire.com and BountyJobs.com, the fees that companies are starting to offer to recruiters are much more in line and in fact resemble for the most part typical agency fees. It was not to long ago these fees were much lower and of course, recruiters and people themselves were not interested in working at these reduced fees.

The truth is, what H3 is doing with respect to increasing the minimum referral fee is not a big deal at all. If anything, it’s smart.