What is Zettlor?
Zettlor is a modern employee referral platform. It enables employers to post their open roles and reward those who refer new hires. This can be your existing employees, alumni, or anyone external to the company. Zettlor will handle all the payments and you can customize the terms of those payments. Example: Company A sets a referral reward of $3,600.00 to anyone who sends them an employee they hire. The terms this Company set are that the referrer is to be paid monthly in $300 increments over 12 months as long as the new employee is actively working. An internal employee refers a friend to Company A. That friend is hired. Zettlor facilitates monthly payments to the referrer, in this case, an internal employee, in accordance with the terms set at the beginning of this process. If the referred employee leaves during their third month on the job, the payments stop. The contract is completed. Leaving $900 paid, out of the $3,600.00 in potential earnings, saving the employer $2,700.00.
What's different about Zettlor?
Zettlor is the first retention-based payment system that enables businesses to pay other individuals, groups, or businesses based on the retention of an employee that the party referred.
Why is it useful to me?
You'll recruit employees that are a high-quality fit for your company and only pay when this occurs. You also pay over time based on the terms that you set. Once you onboard onto Zettlor, you'll instantly be able to begin advertising your referral rewards and the jobs they are tied to. This gives you a currency to wield without spending a penny. This new capability will improve your recruiting metrics and allow you to track this channel's cost-per-hire figures precisely. Referrals are the most effective talent acquisition channel. Employees are a better long-term fit. The main problem is that they aren't large enough.
How do I get started?
Select a time on the calendar to meet with a Zettlor team member and one of us will walk you through the software and address any questions you have. We'll also share ways other employers use this and are happy to share strategies and tactics if you'd like.