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Staffing Referrals, the leading automated referral management (ARM) platform in the staffing industry, has secured a significant investment from Bullhorn Ventures. This partnership marks an important step toward scaling referral programs and enhancing staffing agencies’ talent sourcing.
In an industry where agencies compete for the same candidates on the same job boards, Staffing Referrals offers a new approach. By transforming an agency’s talent pool into a powerful referral engine, the platform gives access to higher-quality candidates that might be out of reach through traditional methods. Nina Eigerman, SVP at Bullhorn, shared her enthusiasm, stating, “Staffing Referrals offers the market-leading platform for scaling referrals.”
Empowering Staffing Agencies Beyond Job Boards
Bullhorn Ventures’ investment will accelerate Staffing Referrals’ development and expand its market reach. It will also help reduce staffing agencies’ reliance on traditional job boards.
This shift is crucial for agencies aiming to stay competitive, allowing them to use their existing relationships rather than struggling for visibility on crowded job boards.
David Folwell, CEO of Staffing Referrals, said, “Referrals deliver higher-quality talent, which increases retention and redeployment.” The platform has already achieved impressive results, with over 100 agencies launched, 325,000 referral candidates processed, and an estimated $1.1 billion in gross profit generated.
The future looks promising, with plans to add gamification features to the platform. These features will boost referral engagement even further. Gamified processes can make referrals more active and engaging, encouraging competition among referrers.
This will ultimately lead to more high-quality candidates.
A History of Success
David Folwell, the founder of Staffing Referrals, has a strong track record in staffing technology. He has built successful companies that add real value to the industry. Bullhorn’s decision to invest shows their confidence in the platform and its leadership—a key factor for delivering on promises and delighting customers.
As part of the Bullhorn Marketplace, Staffing Referrals integrates with Bullhorn’s tools, including ATS, Automation, Messenger, Talent Platform, and Analytics. Integration with other partners in the Tech Alliance Group also adds value for agencies looking to stand out.
A Win-Win for Staffing Agencies
Bullhorn Ventures’ investment in Staffing Referrals is a win for both staffing agencies and candidates. Agencies gain an edge with reduced job board reliance, improved candidate quality, and greater efficiency. Candidates benefit from more personalized opportunities and better job matches. For those in staffing, this partnership is worth watching—it could redefine how talent is sourced, referred, and retained.
