On 27 March 2012, LinkedIn announced a new "People You May Know Feature" on its official blog. This new feature will be rolling out soon to user's worldwide in the coming few weeks. The recommendations and suggestions about poeple to connect are based on more accuracy and relevance.
Your exisiting and past work place, network, school's, colleges etc are some of the factors taken into consideration for you to connect with others. Also you will get an attractive features where you can find friends and professionals according to the companies profiles. All you have to do is to click on the company logo on the "People You May Know" page right on the top to refine your results.
Although the feature is not yet available for people to use, but still you can access the same for the company to get view on the new feature. Access the new feature HERE.