What Place For Recruitment / Job Site Affiliate Programmes

I've been chatting to a cross-industry job site who may be inclined to run an affiliate programme next year. I know that many affiliates haven't had much success with job site affiliate programmes in the past. But with blogging and more niche affiliate sites do you think there is a place for it in this day and age?

I remember TotalJobs messed their programme around going from CPC then CPA with possible tracking issues (on BeFree). There is also Workthing and Jobsite paying for advertiser leads.

For job seekers I'd imagine that a programme that offers a CPA rate would be more attractive to the job site (obviously lower risk) but a CPC deal would be preferential to affiliates (lower risk to them too).

Without knowing conversion rates just yet, would affiliates be inclined to promote a job site targeting job seekers?