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Refer a Friend magaged via SaaS

Some clients have expressed interest in us developing a “white label” web based refer a friend management system.

A low cost, robust system probably charged on a per registerted staff member per month basis. Applicable to any sector / function.

Sounds like an interesting idea – but is there enough potential demand out there? Much like the famous “Innocent Drinks” example – if there is sufficient enthusiasm in the market then we’ll do it! But if there isn’t then we won’t

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The Social Media in Recruitment Venn Diagram

I find myself in the rather odd position of being an early and (genuinely) keen adopter of many aspects of social media and yet feeling that I need to write a piece reining in on what I feel are the vastly excessive claims of various social media pundits and “gurus”.

I think that the final catalyst was reading a blog yesterday entitled “You’re Either Social Networking or Social ‘Not’ Working” (actually I thought that the content of that blog was far more measured than the title).  And of course there is a mini industry emerging around the recruitment world of advice about social media in recruitment.

So what’s my issue?  I’m in business and my business is to find the absolutely best and most appropriate people (candidates) for my clients (property & construction employers).  If the way to do that most effectively were to spend 24×7 on Twitter then I’d do it (OK maybe not 24×7 but you know what I mean).  But so far the evidence available to me is that wouldn’t be an effective way of delivering what my clients want.

I like simple Venn diagrams and here is my social media in recruitment Venn diagram – I’ll make myself available at £200 / hour to present it in person.

Social Media Venn Diagram

Now I was tempted to say “surely nobody would disagree with the structure of that – it’s only the relative sizes of the sets and intersects that are up for debate”  but I guess that some social media evangelists might argue that my grey coloured “Appropriate great candidates” is totally a subset of the blue “Active on Twitter, Linkedin etc”.  In other words there are no great candidates who are not actively engaged in at least one major social media channel.  But it’s my blog and I’m going to disregard such extreme views.

Are great potential candidates to be found through social media channels? Undoubtedly yes.

Are most potentially great candidates (for the type of roles that we recruit for) to be found through social media channels? – No.

The social media consulting industry is biased towards seeing and thinking about successes through social media channels (and these case studies are a bit thin on the ground at the moment ). But an objective assessment needs to start from a different point – if we could access ALL of the appropriate great talent and ask them how they might be accessed (social media, via friends, give me a call etc) what proportion would be findable via social media?  I’ve recently heard a lot of young (20’s and 30’s) very IT savvy professionals say that they will have nothing to do with the social media channels that I’ve mentioned because exposure is viewed by peers and managers as saying “I’m on the market, come and get me”.

So to use an economist’s expression, I believe it comes down to a question of “utility”.  If you are considering how to most productively allocate your time in order to find appropriate great candidates what proportion should you allocate to:

  • Social media
  • “Conventional” methods including calling people to talk, meeting for a coffee, meeting after work, attendance at conferences etc.

That balance will be different for every individual and the area in which they are working.  But here’s my bold assertion.

If you are recruiting professionals and are spending today in March 2010, more than 15-20% (max) of your time in virtual relationship building then I really hope that you’ve thought it through and not just bought into the evangelical mantras of the (largely self appointed) social media gurus.

My recipe for success? A mixed economy. Our model is to “let the crowd decide” – a very large number of practitioners in property & construction know best how to find and engage with potential candidates.  Some will use social media, some will use more “conventional” approaches.  The wisdom of the crowd will naturally find the best solution.

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Week 11, 2010: The MIPIM Week

It has been MIPIM week – and no, I haven’t been there in Cannes.  I have however, been trying to follow what’s going on and sentiment through blogs and Twitter and the words that seem to have been used most often, or struck a chord with me are:

“Muted”
“Corrugated recovery” – I like that one it [...]

Release: Prefio Launches in the UK

New agency set to change the face of recruitment
17 March, 2010 London, England: Today sees the official launch of Prefio, a sector focused, new approach to recruitment resembling a large scale ‘refer a friend’ scheme with vetted “friends”. Working on the basis of a referral network Prefio engages ‘referrers’ who use their network to recommend [...]

Week 10 2010, Adjusting to New Realities

The build up to MIPIM has been gathering pace during this week and of course a group of intrepid cyclists left London at the end of the week enroute Cannes and MIPIM – good luck to all of you.  My take on the five commercial property related stories that most caught my eye follows:
Regus – [...]

Week 9, 2010: Looking Forward to MIPIM

As normal here is my pick of the week’s 5 most interesting stories in commerial property & construction.
MIPIM ( and the small matter of Drivers Jonas)

Drivers Jonas has lost a legal battle with the organiser of the annual MIPIM conference in Cannes over its hiring of a café away from the official event venue to [...]