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.
公募 means open public recruitment or offering, while 縁故募集 is restricted to personal connections or a limited circle.
私募 is the standard financial term for private placement; 縁故募集 is a less common synonym used in similar contexts.
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.