Importance of an Employee Referral Program
Employees are the biggest assets of any organization as they make or break a business. Hence, Talent Acquisition is a critical decision for the firm and requires substantial amount of investment by way of time, energy and money.
At a time, when labor markets are facing acute shortage of skilled manpower and while companies are experimenting with a wide range of recruitment sources like job portals, newspaper advertisements, recruitment agencies etc to fill vacant positions and combat attrition, “Employee Referral” is the new trend that organizations are waking up to. The concept is not novel, however is becoming increasingly popular among recruiters.
In most successful organizations, an average thirty to forty percent of hiring is done through employee referrals. Employee referrals make an excellent source of recruitment due to its cost effectiveness and high Return on Investment. An Employee referral program enables recruiters to reach a talent pool of quality candidates at effectively low costs. Today, the most successfully run businesses are looking for cost effective sources for their recruitment needs and Employee Referrals fit the bill perfectly.
Employee referral programs (ERP’s) are a vital component in developing an effective recruitment strategy for any successful organization. They provide companies with numerous benefits and it is ideal that organizations use their referral program to their full potential. For this, organizations need to systematically interact with their internal employees and engage them in their recruitment strategies enabling them to become recruitment ambassadors for the company.
This can be easily done by empowering employees with the tools, training, trust and authority to become authentic, active advocates of your organization which will enable you to stay to stand out in the talent sourcing competition.
Exploiting the right technology can help organizations optimize their employee referral engagement easily. The success of any employee referral recruiting program rests on one prime parameter – Employee Participation. Using the right technology to boost employee participation in the referral program is the ideal solution to a successful referral platform.
ZALP is one of the very few recognized software that single mindedly focuses on improving the employee referral program of an organization. ZALP gives employees more than 6 easy and convenient ways to make quick referrals through its powerful social media integration.
Tools like ZALP make the referral process for employees not only simple but also fun. This largely contributes to employee participation which is critical to the success of any employee referral program. This also helps organizations unleash their social recruiting potential.
About ZALP
ZALP is unique socially intelligent employee referral software.
With ZALP organizations can now automate and streamline every aspect of their employee referral program while at the time same integrate it with the potent potential of social recruitment using its advanced social media capabilities.
Each of ZALP’s features have been specifically developed to give organizations a new and innovative referral platform that drastically accelerates employee participation which in turn results in a considerable reduction in the cost per hire and time to fill.
