The Hug Agency

About

Hi, we’re a social impact (https://hug.agency) who have been ranked in the top 10% applicants by one of the world's largest accelerators this year.

We're launching recruitment agencies globally, which gift 100% net placement fee profits back to the worker and society. The employer decides the actual amount, but we forecast for an average $50,000 job we would gift the worker $4000 of additional wealth (for uK and Europe just change the currency symbol).

The incentive is spread over 24 months and each month the new-hire can save cash, acquire stocks and shares, or "hodl" crypto to build a free asset portfolio. We provide them with financial education (not advice) helping them understand how basic finance works (something which should be taught in school) so they can acquire wealth and reduce debt.

In other words, we provide employers with significant free staff incentive schemes, helping them to attract and retain staff, without increasing their hiring costs. At the same time we place significant free wealth back into the community, reducing financial inequality and helping families build assets and reduce debt.

As an extra bonus, we credit the employers for placing additional wealth back into their communities, which is great for their brand kudos (marketing) and customer stickiness. Imagine, a brand hires 10 new staff, so we announce across social media that they have placed an extra $400,000 back into their local community. That's great for a company's ESG (Environmental, Social & Governance) commitment, which is really important these days.

It’s a very rare combination where businesses benefit and workers benefit and moves society to a more equitable model of wealth redistribution.

However, as a social impact, we want everyone to benefit in our growth too. Therefore, in addition to the influencer rates we agree, we will also use promo codes to track who introduces job seekers and employers. These will generate additional payments (every time a candidate is placed in work) providing a long-dated revenue stream for those who help us grow.