Online recruiting technologies hits a new milestone as FaceContact.com, an innovative site that rewards individuals for successful job referrals, announces it has more than one million dollars in available rewards and referral bonuses. Companies recruiting for open positions or contractor opportunities are able to choose among countless websites when posting their job descriptions. The difference between FaceContact.com and these sites is that the client can establish a referral bonus to be shared by the individuals in the referral chain that assist the company in making a successful hire. "We're thrilled with this new milestone," says Chris Brown, VP of FaceContact.com. "Our site is the only one that helps companies find the job candidates they're looking for by harnessing the power of referral bonuses." Furthermore, the company attributes its success to prominent trends in human resources. According to the CXR 2007 Annual Source of Hire Study, referrals from employees, alumni, vendors, and other parties lead to 29% of all external hires. Industry experts often state that, "Every third referral turns into a hire, but referrals are not leveraged as well as they could be," despite their importance in U.S. hiring practices. Renowned for its innovative approach to recruitment and referral tracking, FaceContact.com is pioneering the phenomena of crowd-sourcing and contingent recruitment: a 360° approach designed to help companies using existing networks to obtain valuable referrals when recruiting. The expansion of social networks like LinkedIn and Facebook makes it easy to manage large numbers of contacts. FaceContact.com adds the lure of a referral bonus to these.

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