Employee referrals are not just about saving time and money. Their real value lies in their ability to attract higher caliber candidates with ability to significantly outperform hires
Typically, when the HR team receives a referral from internal sources, it clearly gets highlighted and someone takes out time to survey it well thus expediting the process.
Creating a referral brand helps to build a referral culture in the organization wherein employees feel positively motivated towards participating in the program and referring quality candidates.
Employee referrals currently occupy pride of place among all recruiting sources with approximately 40% of all hiring happening through referral programs as per industry research.
Every corporate business is on the lookout for professionals and uncharted talent that could help drive their company to the top.
Though employee referral programs have now been institutionalized in most organizations, they are still far from delivering to their full potential.
Whether your employee referral program succeeds or fails is driven to a great extent by how it is perceived by employees and their ability to market the company sufficiently
A sure shot way of ensuring the failure of your employee referral program is to make it look like just another initiative from the HR team
The biggest challenge facing any employee referral program is driving employee participation levels in the referral program.
It is an established fact that not all employees have the same level of connections and the same capacity to refer people in an employee referral program.
