Social networking, the world’s leading online connection tool, and referral recruiting, the most cost effective and efficient form of recruiting, have announced a merger on Yellojobs.com.

Under the agreement, social networkers can now generate income by leveraging who they know. Social networkers can search the job ads on Yellojobs.com and refer jobs with referral rewards to their friends. When a referred friend gets hired the referring party collects the cash reward.

The merger further stipulates that referral recruiting has finally entered the online world. Employers have long known that referrals are the best way to tap into the “Passive” candidate pool. However, effectively reaching that audience through the web has to this point eluded employers. Now, with Yellojobs.com employers can post job ads with referral rewards for free. Since Yellojobs.com is entirely success based employers can post unlimited job ads with no risk.

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