Social networking and recruiting will officially merge on America’s first referral recruitment network — Yellojobs.com.  Employers can post job ads with referral rewards for free, and only pay the reward when a hire is made.   Social networkers can now refer jobs to their friends and collect the cash reward when their friends get hired.  

The Internet, USA – June 13, 2008 – Social networking, the world’s leading online connection tool, and referral recruiting, the most cost effective and efficient form of recruiting, have announced a merger on Yellojobs.com.

Under the agreement, social networkers can now generate income by leveraging who they know.  Social networkers can search the job ads on Yellojobs.com and refer jobs with referral rewards to their friends.  When a referred friend gets hired the referring party collects the cash reward.  Through Yellojobs.com, social network users can now discover the true “Networth of their Networks”.

The merger further stipulates that referral recruiting has finally entered the online world.  Employers have long known that referrals are the best way to tap into the “Passive” candidate pool.  However, effectively reaching that audience through the web has to this point eluded employers.  Now, with Yellojobs.com employers can post job ads with referral rewards for free.  Since Yellojobs.com is entirely success based employers can post unlimited job ads with no risk.

At Yellojobs.com the combination of Social Networking and Referral Recruiting will create the ultimate marketplace for career opportunities.

A spokesperson for social networking had the following to say about the merger, “Brilliant!  This merger finally lets us use our networks to earn real cash.  I can now throw a job at my friend instead of a sheep.”

The media relations representative for referral recruiting said, “We’re delighted to be entering this strategic alliance with social networking.  Finally, corporate America can stop the ‘Post and Pray’ associated with general job boards.  We now have qualified ‘Passive’ candidates referred to us every day.”

About Yellojobs.com

Yellojobs.com is a web based referral recruitment network.  Employers can post unlimited job ads with referral rewards for free on the website.  Users can refer their friends to the job ads and receive a cash reward when their friend is successfully hired.  Our mission is to match companies and talent as effectively as possible.

www.recruitingfly.com — Social networking and recruiting will officially merge on America ’s first referral recruitment network — Yellojobs.com. Employers can post job ads with referral rewards for free, and only pay the reward when a hire is made.

New Delhi, India,2nd June 2008: In the first-ever online consumer poll jointly conducted by All India Management Association (AIMA) and Yellojobs.com, respondents across 180 cities in India adjudged Apollo Hospitals as the best. Unlike many other consumer surveys in India, this particular one reaches out to the young Indian consumers who flock the Internet and are aware of the global services quality levels.
Apollo Hospitals emerged as the most preferred choice of the consumers with 28% votes. A surprising entry was AIIMS which finished a close second with 24% votes, followed by Max Hospitals at the third spot. Six parameters were taken in consideration while judging the hospitals - Accessibility, Brand Awareness, Customer Service, Performance, Price and Security.
Indraprastha Apollo Hospital at Delhi is the first hospital in India to be accredited by the Joint Commission International, USA. Today, the group owns and manages 41 hospitals in and around India and is the largest healthcare provider in Asia. It has achieved a host of medical milestones including a 99.6 percent success rate in cardiac bypass surgeries and has
pioneered the concept of preventive healthcare in India.
The Group is also operating Nursing and Hospital Management Colleges, Pharmacies, Diagnostic clinics, Medical transcription, third-party administration and telemedicine.
“It’s probably the first such survey that reflects on the opinion of young and upmarket consumers of India. The sample of nearly 14,000 participants are all internet users, have phone connections, and over 73% of them are employed. This is that part of the middle class segment, which is socially networked and has an increasing disposable income that really makes a difference in urban consumption patterns. Apollo ranked highly on accessibility and brand awareness, although it has missed on performance and price parameters to AIIMS”, Mr Vikramjit Singh Sahaye, General Manager, Yellojobs.com India Pvt. Ltd. said while commenting on the survey results.
The survey has also researched the consumer preferences for service industry in other sectors like media, hotels, insurance and software. With the market being increasingly driven by the consumer choices, the survey provides great insights in the performance of the industry and the needs of the consumer.

About AIMA
The All India Management Association (AIMA) was created as an apex body of professional management with active support of the Government of India and Industry in 1957. AIMA is a group- a body to pool management thoughts in the country, a forum to develop a national managerial ethos, an organisation to facilitate the furtherance of the management profession in the country. AIMA’s activities include Distance management Education, management Development Programmes, national Events, Competitions, Research, Publication and Testing Services.

Visit AIMA at http://www.aima‐ind.org | http://www.aima‐ind.org/about_history.asp

About Yellojobs.com India Pvt. Ltd

Yellojobs.com India Private Limited (”Yellojobs.com India”) was incorporated in July 2006 and is a privately funded joint venture between two Singapore based companies, namely Yellojobs.com Pte ltd, an online advertising company and Recruit Online. Yello Pte Ltd was founded in 2005 and currently operates websites across many countries. Yellojobs.com operates in India (http://in.yellojobs.com), Thailand (http://th.yellojobs.com) & USA http://us.yellojobs.com) and Yello classifieds sites operate in Thailand, India, Singapore, Philippines, Vietnam, Malaysia, Indonesia and more.

Unlike many conventional job sites, where users can simply apply for jobs, Yellojobs.com sites have a unique rewards process called “YelloRewards“. Apart from providing users the tools to apply directly to job vacancies on the site, this revolutionary process called “YelloRewards”, allows users to refer their friends to suitable jobs and earn cash rewards on successful placements. YelloRewards, with a patent application pending, combines the power of social networking and job referrals to create clear benefits for all users involved in the process. Yellojobs.com is truly Web 2.0 site, allowing interactivity amongst users by way of Blogs, Forums, Endorsements, Ratings and of course job referrals.

Visit Yellojobs.com at www.Yellojobs.com 

HCL Technologies emerged as the top player in the first-ever online survey done

by AIMA-Yellojobs.com which was taken by 14,000 respondents across 180 cities all over India. Unlike many other consumer surveys in India, this particular one reaches out to the young Indian consumers who flock the Internet and are aware of the globally services quality levels.

Source: www.moneycontrol.com

Kingfisher Airlines won the top spot in a recent survey jointly conducted by AIMA and Yellojobs.com. The first-ever service industry survey was conducted online with as many as 14000 respondents picking up their favourites in various service sectors.

Source: The Earth Times

Anuradha Ramamirtham wrote about Yellojobs.com, the next generation of recruitment on internet. Yellojobs.com is forward thinking amazed users by score the newest service- a combination of social network and job referral. Read from Enterpriser.

From Amar Ujala, a leading Hindi daily;

India- 30^th April, 2008- Blogs are much in demand these days. Be it for celebrities or companies, blogs have emerged as a potent medium of communication. Job search websites too have taken a fancy to blogs, as reported in a story on Amar Ujala on 30^th April, 2008. Below are excerpts from the story.

 Many job sites as Yellojobs.com, Monster.com, Naukri.com have blogs for the benefit of users who visit these websites. Just get registered and give your job search a new dimension.

 Vikramjit Singh Sahaye, General Manager, Yellojobs.com, says, “In present times, blogs have become a big medium of communication. Blogs on job search websites are particularly helpful for fresher jobseekers. Through blogs, a jobseeker is able to get ample information on the core industries and sectors, the top companies to work with, and many such helpful facts that are freely available on blogs. Also, blogs help connect companies directly to jobseekers.”

 Direct communication through forums:

 For jobseekers searching jobs in specific industries, forums emerge as a better communication medium. Forums come with features as polls, discussions, suggestions and more such interactive tools. The presences of forums assist jobseekers in building a network helpful for job search.

 Advanced blogs:

When professionals throng these websites for job search, blogs need to be different. The benefit of tags available on the website is that jobseekers can view their choice jobs with the click of a mouse. What’s more, there are also facilities of RSS feeds, XML, and  trackbacks.

Job referral portals are the latest in online recruitment, especially among IT and IT-enabled services. The concept that started as an experiment on corporate campuses has taken off with flying colours online. Delhi’s Yellojobs.com has incorporated this feature with Rs 65 crore of reward money for people who successfully refer friends or relatives. Read more

Yellojobs.com, India’s leading recruitment portal based on referrals, today unveiled a new avatar in e-recruitment space that promises an exciting Web 2.0 experience.

The site boasts of a whopping Rs. 65 Crores of reward money that is on the block for people who successfully refer their friends to jobs. “The trend of networking for career opportunities is increasingly gaining centre stage and Yellojobs.com is virtually an extension of the highly credible employee referral programmes managed by many organisations.” said Vikramjit Singh Sahaye who heads the portal in India. The new Community section on Yellojobs.com has Blogging space, forums, polls and many discussion tools for both jobseekers & employers to actively contribute & draw value. Jobseekers can now easily build their network on the site and make use of their contacts by earning money through referrals, building online credibility through ratings, exchanging recommendations and comments. Seamless navigation, crisp content, user defined FAQ’s and modern designs are an outcome of months of research on user behaviour that adds a new dimension to jobs on the internet.

Yellojobs.com has clientele from varied industries offering jobs with Oracle, Wipro, NDTV, ITC, Fortis, Outlook, HCL, CSC, Dell, Aricent, Accenture and more. An increasing number of employers are getting attracted to the novel idea of posting job vacancies for free by simply pledging a minimum reward amount of Rs. 5000 to get high-quality passive jobseekers by way of referrals. The added advantage for employers is that they pay only after the candidate joins and Yellojobs.com also safeguards them against any early attrition.

Log on to in.yellojobs.com for more details

Moneycontrol.com (press release), India
Yellojobs.com, India’s leading recruitment portal based on referrals, today unveiled a new avatar in e-recruitment space that promises an exciting Web 2.0 experience…..