noun
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.
その会社は縁故募集で社員を採用することが多い。
That company often hires employees through personal connections.
noun
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.
新株の発行は縁故募集で行われた。
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.