Facebook is really only going to be an extension of getting referals from your current employees, if your employees are on facebook and are happy to be following their employer.
Current scenario is you tell the employee there are x jobs open at the moment and if they know a friend or relative who is in that line of work and looking to move, they refer them.
Social media trend is you list on the company facebook page you are looking for x type of person to fill a vacant role. The employee likes or shares it and so all of their friends see that your company has the vacancy. The benefit is that your vacancy will be seen by all 100+ friends at once, not just the ones your current employee will see in the next fortnight, or possibly think about.
I have a relative who worked in recruitment for a predominantly .com type IT company who did some successful recruitment via facebook, however for more traditional type of organisations the impact of it would be limited.
If your company is like some companies and bans facebook, twitter and the like at work, it's going to be less likely to be successful. You really need your employees and possibly other business connections to be following your companies facebook page or twitter feed for it to work
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