Bangkok--20 Jul--BRANDED The Agency Yellojobs.com powered by Yello Media Ltd. has launched YelloRewards, introducing a completely new model in the Thai online recruitment market. The referral recruitment network offering rewards by Yellojobs.com will enable employers to find better-qualified candidates, with the never-before, distinctive feature of the system that thoroughly penetrates the majority of office workers that actually can not be reached through traditional online recruitment portals. With the new referral recruitment service, employers will be able to find better-qualified candidates in the pool of talented professionals in every industry by tapping these “passive jobseekers” through the power of personal referral. Dr. Andreas Koestler, CEO of Yello Media Ltd. said “Everyone can now become a headhunter via this new innovative “YelloRewards” program. An employer pledges to pay a reward (the YelloReward) to the person who successfully refers a candidate to his firm through Yellojobs.com. Already, more than 9 million Baht in total rewards are being offered on the site. The highest reward per job is an incredible 300,000 Baht for one job. This amount is passed on to the person that “headhunts” the right candidate through the internet. This new program has the power to permanently change Thailand’s online recruitment scene by introducing the referral element that many world class companies already use internally. “YelloRewards” service by Yellojobs.com is an ideal for companies and recruitment agencies to get candidates from all types of professions, and on all qualification levels. It uses the power of personal friendship to get better qualified candidates to apply for open jobs — and for the first time, people can earn money with their address book, just for knowing the right people. As these people can not be reached through the regular channels, as they are not actively looking for a new job, this opens a whole new segment of candidates, actually the majority of the job market. Making the best of our partnership with MSN (Microsoft Network) Thailand, www.msn.co.th, Yellojobs.com will reach out to over 6 million MSN users nationwide every month. ” adds Wolfgang Viragh, Chairman and CFO of Yello. “Yellojobs.com anticipates to gain at least 100,000 new registered users by the end of this year through the YelloRewards service. Thousands of interesting candidates will be placed that way,” Dr. Andreas continued. Overall recruitment costs are continuously rising because of increased competition and attrition. Companies are even willing to spend a premium for good candidates. Yellojobs.com today introduces this new way of quality recruitment, offering a striking proposition to companies that they cannot get anywhere else on the internet — pay only when you hire successfully. The YelloRewards service is purely success and satisfaction based; employers will get their money back in case the candidate doesn’t pass the probation period. — that effectively means a 100% satisfaction guarantee. Mr. Sumet Krongpianlert, Business Development Director of Yello Media said “YelloRewards by Yellojobs.com combines recruitment referral system with the power of online social networking, which is, at the moment, the biggest thing happening in the online world. We are the first online job portal introducing such a service to the Thai market — and actually the first worldwide to offer the combination of referrals and network. “YelloRewards” will be a very important factor to help employers to reach a new pool of talented candidates across the country.” Mr. Sumet added “Internet users simply log onto www.yellojobs.com and register, a process that will take only 2 minutes to finish. Then, you can immediately search for jobs that fit a friend of yours and invite your friends to join your network on our website. Not only can you earn money, you will also probably meet new friends and expand your network. With the well-designed program, all users are ensured of transparency in every step along the way.” “Companies and recruitment agencies can participate in the YelloRewards service by posting their job advertisements with rewards for free on Yellojobs.com. The minimum reward is 5,000 baht — with no upper limit. Employers pay the reward only when they hire the candidate referred to them. If the candidate does not pass the probation period, the reward is refunded to the client without any deduction.” MSN Careers by Yellojobs.com already has the support of employers such as The Minor Food Group, GSI Executive Search, Video Research International (Thailand), iT Creative, Thai SK Security International, and Staffers who are keen to hire employees under “YelloRewards” and have posted jobs with rewards as high as 300,000 Baht already. Yellojobs.com generates a unique 3-way win-win-win situation: the companies and recruiters are able to get better candidates at lower cost; the candidates find new exciting career opportunities; and the referrers actually earn some money by using their very own network.About Yellojobs.com Yello launched their first classified advertising site www.yello.co.th in Thailand in March 2005 and added more sites throughout South East Asia and India in 2006. In November 2006, Yello started its special jobs site Yellojobs.com in Thailand, called “MSN Careers by Yellojobs.com”- an online recruitment website especially for young, academically educated, aspiring jobseekers. MSN Careers offers great career opportunities from well known companies. In July 2007, Yellojobs.com launched Thailand’s first referral recruitment reward program, “YelloRewards”. For further information, please contact: Daraka Srichaiyanupan PR Manager Tel. 02 652 2215 E-mail: [email protected] Walairat Ruamrak [am] Operation Director B R A N D E D The Agency Tel: 02 6509090 Fax: 02 6509260