The American labor market is as schizophrenic as I've ever seen it. While the bulk of the country struggles with 9% unemployment, in Silicon Valley the ease of starting a new company and huge hiring goals of companies like Google and Facebook have lead to a war for talent that's driving up salaries and threatening the future of some smaller startups who just can't find people. The latter may seem like a good problem to have, but it's still a problem. And it's one most Valley companies are happy to throw money at if someone can come up with a tailored solution. We've written about a few companies trying to solve this through networking or reputation. Top Prospect is trying to solve it with good old fashioned cash: Companies will pay you at least $10,000 if you refer a friend who they wind up hiring. Eventually, Top Prospect will take a cut of that-- probably a hefty cut of up to 40%. But until March 1, it is giving successful matchmakers the whole amount. And some companies are willing to pay even more. Right now more than fifty companies have posted 180 jobs in the system with a whopping $2.5 million waiting to be paid to referrers.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/QhlkEU12NCw/
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