Conventional employee referral programs are very manually managed, and therefore very tedious and unproductive for HR. Also, many employers find it difficult to engage their employees. Nearly S$80 million is wasted in Singapore alone in the form of unnecessary recruitment costs. If Singapore was better at talent matching, it could unlock productivity gains of as much as S$280 million.
The yellowElevator Employee Referral System uses the power of Social Referrals and Gamification to increase referral effectiveness and employee engagement. Our system does not only automate the entire referral process, it also makes participation fun and engaging, helping employers reach passive talents effectively through employees’ social networks.
Mid to large companies with 10-15 or more vacancies per year.
We charge an annual subscription fee as well as a processing fee for every successful hire. We already have 5 Beta clients and more are on their way.