Reffster.com an online Referral/Reward based recruitment service has launched its service yesterday. The startup has been co-founded by 3 partners (Ranjit Jatar, ex PepsiCo International and co-partners Arjun and Arun Yadav from a leading Executive Search firm).

The just started website is new kind of recruitment portal that unlike to other Indian job portals offer cash rewards for referrers along with finding or browsing jobs in it. Moreover from the employers perspective they can upload videos of their organization, that will be YouTube linked.

Reffster.com will be a platform for employers to tap into the social network of active referrers. Reffsters reach among specialised professional networks all over the world would make even the most sensitive and difficult job openings easier to fill in.

Reffster.com is offering people BIG cash rewards if they use it to successfully recommend a friend for a job. The service is the first of its kind that lists only premium Mid and Senior Management openings.

Reffster.com will provide a value add over other online recruitment players by offering resume screening through its KPO. The KPO is staffed by experienced recruiters who will study/screen each resume and forward only the most relevant resumes to the client. Candidate employment reference check is also provided in association with a third party to make the process more credible. This will ensure quicker turnaround time and lessen burden for the clients.

The key USPs^# of Reffster.com are:

1. Privacy: Reffster will never share the data of the referrer and candidate with any third party other than the concerned client.

2. Reward: Rewards of Rs. 10,000 to Rs. 2,50,000 will be paid to Referrers who successfully refer their friends and colleagues.

3. Premium Jobs: Reffster will only list Premium Mid and Senior Management job openings

4. Resume Screening: Resumes will be forwarded to the specific Employer after a back end rigorous screening to ensure that only relevant CVs reach the HR department of the company.

Reffster is also offering an innovative platform to employers for corporate branding, where the HR Head/CEO can write about the organisation and even upload a video which will be Youtube linked.

Reffster aims to shake up the recruitment market by tapping into the pool of quality passive and active candidates and widen the scope of the employers so as to help improve the speed, cost and quality of the recruitment process.