Betts Recruiting, a leading technology recruiting firm in the go-to-market sector, has announced the launch of RecruitCoin, a new cryptocurrency. Members of the Betts Connect talent network will receive RecruitCoin as compensation for joining the network.
The introduction of RecruitCoin ensures that these talents are compensated for their participation and encourages job seekers to apply, interview, secure employment, and refer others to the Connector Referral network.
By registering for Betts Connect, participants will earn tokens that they can use to encourage candidate engagement. The more active participants are, the more RecruitCoin they earn. The highest rewards will be given to Betts Connectors who refer new members to the talent network.
Once admitted into the Betts Connect Network, partners will receive a unique referral code stored on the blockchain. When a referral from the partner’s network joins Betts Connect, the partner will receive RecruitCoin.
Carolyn Betts, founder and CEO of Betts Recruiting, stated:
“We are so thrilled to announce the launch of RecruitCoin. We believe that the recruitment process as a whole is in need of innovation to continue to build trust.”
Betts Recruiting is the first recruit-tech firm to compensate individuals for their engagement, referrals, and data. According to Carolyn Betts, this is transforming the recruiting market and, with the use of blockchain technology and cryptocurrencies, places Betts at the forefront of this transition.
Patrick Kellenberger, Chief Operating Officer and CFO of Betts, stated:
“This marks a new chapter for Betts as we leverage our scalable market technology to revolutionize how talent networks are built.”
The token-based rewards system encourages the entire ecosystem of recruiters, clients, and applicants to engage regularly with the platform, leading to increased productivity and a focus on tech-related job referrals, interviews, and employment opportunities over time, Kellenberger continued.
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