2Vouch is a new job site that has launched today enabling employers to find employees in what is billed as Australia's first social recruiting web site.
2Vouch works through member referrals, automatically matching the job requirements to members and their extended networks. When a match is found, a member can choose to refer the job to people they know and recommend.
The idea of social job recommendations isn't new, and we see it on services such as LinkedIn, but there is only so far a social referral marketplace can go when it's built on good will. 2Vouch however knows that for serious job recruiting, money can work as a great incentive to grease the social recommendation wheels, and offers between $1400 and $2800 AUD ($1100-$2050) for each successful candidate employed. 2Vouch members can choose to donate some or all of the reward to charity, or take the payout themselves.
For employers, 2Vouch offers cost savings when advertising jobs, with no fee to advertise. Companies only pay when they hire someone, and the site offers a 110% money back guarantee.
2Vouch enters a buoyant Australian job market that has become dominated by a few large job players online, in particular seek.com.au. It's a difficult space to break in to, but the model in radical enough that it would seem well placed to find an audience.
At this stage 2Vouch is targeting Australia, but may expand overseas should the concept work well.
Duncan Riley edits The Inquisitr, a daily dose of tech, pop and penguins, and is also a regular on FriendFeed.