Released on: June 24, 2008, 4:07 am

Press Release Author: Chris Brown, VP

Industry: Internet & Online

Press Release Summary: FaceContact is a complete one-stop solution for
referral-based recruitment. FaceContact.com completely automates the recruitment
process, letting users track everything from user-friendly dashboards It
consolidates all referral tracking, lead and prospect information, and account
information in one place. FaceContact keeps track of even the most complex referral
chains, paying out referral bonuses to those individuals who help a company make a
successful hire.



Press Release Body: Online recruiting technologies hit a new milestone today as
FaceContact.com, the innovative site that rewards individuals for successful job
referrals, announced it has more than one million dollars in available rewards and
referral bonuses.

Companies that are recruiting for open positions or contractor opportunities can
choose among many websites when posting their job descriptions. However, only
FaceContact.com allows them to establish a referral bonus that will be shared by the
individuals in the referral chain that ultimately leads to a successful placement.

Companies can set their own reward levels, which range from $100 to $20000. Recently
the total pool of available referral bonuses reached one million dollars.

"We're thrilled with this new milestone," said 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."

Mr. Abolmasov attributes the company's 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.

FaceContact.com is pioneering the phenomena of crowdsourcing and contingent
recruitment. This is a 360° approach that is designed to help companies use 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 and other
powerful networking tools, helping companies find their ideal job candidates more
quickly.

FaceContact.com has received wide recognition on a global level for its innovative
approach to recruitment and referral tracking. In March of 2008, it was recognized
as one of the Top20 European start-ups by YEurope, Metalab Innovation Center, Big
Bang Ventures, RISC Partners, i5invest, TechCrunch, GIMV ICT, Atlas Venture, and
Alven Capital Partners. It was also chosen as a finalist in the 2007 Seedcamp
competition by Index Ventures, Benchmark Capital, Atomico, DFJ Esprit, 3i, The
Accelerator Group, Atlas Ventures, Partech International, Accel Partners, Highland
Capital Partners, Wellington Partners, and Advent Ventures.

Companies pay only for successful referrals after they have hired a candidate found
through FaceContact.com. Unlike many other sites that make companies pay for leads
that may or may not lead to successful hires, FaceContact.com is results oriented,
paying referral bonuses only after the recruiting company has made a successful
match.


Web Site: http://www.facecontact.com

Contact Details: chris@facecontact.com