recruiting through personal connections; referral-based hiring
Used in employment contexts where candidates are sought via personal networks, introductions, or connections rather than open public advertisement.
That company often hires employees through personal connections.
private offering; private placement
Financial term for offering stocks or securities to a limited group of investors, often through existing relationships, rather than a public offering.
The new shares were issued through a private placement.
Compound of 縁故 (personal connection) and 募集 (recruitment, offering). The exact historical derivation is uncertain, but the term is used in modern Japanese for both employment and financial contexts.