Employee Referrals
The Benefits and Pitfalls of Hiring Through Employee Referral Programs
No one in your entire company knows the ins and outs of a given role better than the people who currently hold it. It’s no surprise, then, that when it comes time to recruit someone to fill a gap, expand coverage, or grow the business, turning to the people currently working for you can be…
Read MoreThe Best Employee Referral Program Software
Employee referral programs are an increasing trend in recruiting and retention practices. According to the 2014 Meritage Talent Solutions’ Employee Referral Trends Report, almost three quarters of companies surveyed said they have a formal employee referral program. Companies with more than 50,000 employees most commonly have formal employee referral programs, and companies with 10,000 to…
Read MoreExpert Advice for an Effective Employee Referral Program
The Michael Jordan of hiring, Dr. John Sullivan, has a few thoughts on employee referral programs. He has had the opportunity over the years to take a look at hundreds of employee referral programs, and he hasn’t been impressed. He says most are “pretty dull” and basic, but even so, referrals produce a higher volume…
Read MoreThe 4 Biggest Reasons why Employee Referral Programs Fail
When companies experience hiring and retention problems, a strategic approach from the top down is the best way to address it, but that’s not always easy to achieve. In companies without newer applicant tracking systems with social media and employee referral integration, employee referral programs are often either non-existent or flimsy policies administered inconsistently. This…
Read MoreWhy Employee Referrals are your Most Powerful Sourcing Strategy
Do you have a written candidate sourcing strategy that you regularly review and update? Does that sourcing strategy include an effective employee referral program? Does your employee referral program get the results you want? If not, you may want to take a long, hard look at your recruiting process and make some changes in both…
Read MoreDecrease your Cost per Hire with a Magnetic Employee Referral Program
Looking to lower your Cost per Hire? Magnetize your Employee Referral Program and watch your cost per hire inch downward. Studies show that referrals have a higher conversion-to-hire rate than most other candidate sources, including job boards, networking events, and even Social Media. These same studies also show higher levels of Hiring Manager satisfaction from…
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