What can an Employee Referral Program
do for you?
Employee engagement and participation
has proved to be a success factor for many organizations. Thus, this employee involvement can be achieved with different ways. An employee referral program (ERP) is one such initiative that has being used across companies around the world and continues to prove efficient.
Wider reach for talent from an employee referral program Hunting talent is difficult since not everyone around is looking for a job change. There are many working professionals who might be passive but would not mind getting alerted of better opportunities.
So using your employees’ current connections can help you reach a wider audience and thus increasing the chances of filling a vacant position with less time and money involved.
Get quality candidates with employee referrals The employees of an organization will filter out quality candidates by scrutinizing the applications received for open jobs making a recruiter’s task even simpler. Employees usually feel that an “employee referral” is a form of reiteration of their faith in their faith in their company’s value statement and hence make sure they refer only outstanding and competitive talent
An employee referral program is a cost saver An employee referral program can never become the only recruitment tool that a company resorts to source talent. It can however help save considerably on advertising and hiring costs over a long run and thus be part of an organization’s recruitment strategy. Integrating social media with your referral program helps further reduce cost of running the program.
Increase of morale and motivation among employees An effectively running employee referral program highlights the fact that the management trusts their staff’s judgment which builds up employee confidence and gives employee engagement a boost. An effective reward management system also helps the participating employees to be motivated and proactive.
Employee referral programs are an effective time saver The recruitment cycle is shorter for a referred candidate than an employee coming from other recruiting sources like job-boards, career sites etc.
Also the company image in the eyes of the referred candidate and projected the job as the best one. Since the candidate comes as a referral, the scope of conducting background checks and reference checks on character and ability is reduced
With these simple steps you are sure to see improved results in your referral program. And if you need a tool that will help you seamlessly achieve all of this,
ZALP is just a click away You may also opt for a free consultation on improving your referral program results. Our employee referral specialists would be glad to help.
For more information, visit
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