The first referral-based recruitment platform in Asia, Wanted, has debuted in Singapore.
During the launch event, Singapore's country director Edric Lin commented, “Studies have shown that though referrals make up 40% of all successful hires, only 7% of all company job applications come from referrals.”
Additionally, he mentioned that according to the data from Wanted, the candidate acceptance rate with referrals was about eight times higher when compared to candidates without one, and that 76% of hires said they "would not have known to apply for the job if not for the recommendations by colleagues and friends".
When asked about plans to potentially expand their Singapore team, Lin stated, “We have a small team now and we plan to expand our headcount this year in the areas of customer success and content marketing. This also depends on our growth in the region but we are confident!”
Wanted was originally founded in Korea back in 2015. The platform uses AI to screen all data and ensure the quality of the information, applications, and referrals made through the platform, and boasts over 3,000 companies and hundreds of thousands of users.
Wanted can currently be found in Korea, Japan, Taiwan, Singapore, and Hong Kong. The company has raised more than USD$10 million in funding, and is presently making moves into other major cities globally.
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