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AI Recruiter Takes 20% of Your Salary!
20 Jul
Summary
- Refer's AI acts as a virtual talent agent for job seekers.
- Job seekers pay a 20% fee from their first month's salary.
- The service has facilitated over 5,000 interviews to date.
A novel startup named Refer is changing the recruitment landscape by charging job seekers a fee, a departure from the industry norm where companies typically cover recruiter costs. Refer's AI agent, Lia, functions as a virtual talent agent, working on behalf of individuals seeking employment.
Users provide Lia with their job preferences and experience, and the AI identifies potential matches. Lia can then submit applications on the user's behalf. This innovative approach has proven effective, with Refer reporting that over half of its users secure interviews within 24 hours of an introduction.
Refer currently partners with approximately 2,000 employers and has a database of 7,000 jobs, primarily in tech sectors like software engineering. The company has also secured $10 million in seed funding, indicating strong investor confidence in its unique model.
