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The proposed "blind referral" system, where people refer people they don't even know for jobs, seems like it should be a completely worthless signal on the hiri

The proposed "blind referral" system, where people refer people they don't even know for jobs, seems like it should be a completely worthless signal on the hiring side. On the referrer side the benefit is obvious, if the person gets the job you get cash. But on the company side, what is the value of a referral that's predicated specifically on a shallow social interaction?

thebigspacefuck 5y ago
It’s better for small companies it’s since it incentivizes employees to advertise their company to other professionals. For a large company that has many applicants it’s less valuable but it could also be an indicator that applicant at least hangs out in the same networking circles.
- kshacker 5y ago
  Even at large companies, I have seen instances (not common but instances) if candidate playing one group against the other so I guess you are incentivized to pull them in your group.
jjoonathan 5y ago
> notafraudster Well, there's your problem.
Apocryphon 5y ago
Seems like it’s just a by-product of these megacorps being big clanking bureaucracies that haven’t caught on to this trend yet.
nly 5y ago
The incentives are aligned. You only get paid for referring (presumably) _good_ candidates that get hired, and the company saves a huge amount of money and hassle on not having to deal with and pay an external recruiter (which can cost something like 25% of a new hires first year base salary).
fdgsdfogijq 5y ago
its basically the same as paying a recruiter, except your employee acts as the recruiter. it might even have more signal.
blawson 5y ago
For now Blind might have a sufficiently high quality network to make this worthwhile even on hiring. You wouldn't find it unless you were serious "enough" about your career, even if there is a ton centered around LC grinding and TC chasing.
- Apocryphon 5y ago
  Probably it's less that it's high quality, so much as it's not huge enough to introduce too much noise into the referral pipelines yet.
paxys 5y ago
The company is still getting a good lead, and the referral bonus is tiny compared to what you'd have to pay a recruiter.

thebigspacefuck 5y ago

It’s better for small companies it’s since it incentivizes employees to advertise their company to other professionals. For a large company that has many applicants it’s less valuable but it could also be an indicator that applicant at least hangs out in the same networking circles.

kshacker 5y ago
Even at large companies, I have seen instances (not common but instances) if candidate playing one group against the other so I guess you are incentivized to pull them in your group.

jjoonathan 5y ago

> notafraudster Well, there's your problem.

Apocryphon 5y ago

Seems like it’s just a by-product of these megacorps being big clanking bureaucracies that haven’t caught on to this trend yet.

nly 5y ago

The incentives are aligned. You only get paid for referring (presumably) _good_ candidates that get hired, and the company saves a huge amount of money and hassle on not having to deal with and pay an external recruiter (which can cost something like 25% of a new hires first year base salary).

fdgsdfogijq 5y ago

its basically the same as paying a recruiter, except your employee acts as the recruiter. it might even have more signal.

blawson 5y ago

For now Blind might have a sufficiently high quality network to make this worthwhile even on hiring. You wouldn't find it unless you were serious "enough" about your career, even if there is a ton centered around LC grinding and TC chasing.

Apocryphon 5y ago
Probably it's less that it's high quality, so much as it's not huge enough to introduce too much noise into the referral pipelines yet.

paxys 5y ago

The company is still getting a good lead, and the referral bonus is tiny compared to what you'd have to pay a recruiter.