Date post: | 23-Jan-2015 |
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Technology |
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Making HR a Rock Star
Employee Referrals: The Challenge
• You know the best new employees come from current employees’ referrals– In fact, referred candidates stay on the
job 35% longer than non- referred*• *CareerXRoads 2013 Source of Hire
Survey
• Your Employee Referral Program (ERP) is not optimized– Employees are too busy to participate,
they forget– Current referral process is too time
consuming, too reliant on employees taking action
What If You Could?
• Hire the most qualified people who are the best cultural fit more quickly and cost effectively?
• Increase employee participation in your ERP from 15% to 75%+?
• Realize 80% recruiting cost savings?
• Boast that HR was the most cost efficient, productive business unit in your company?
Referral Link Results
First 12 weeks:
• 7 Active Customers
• 23 Job Postings
• 238 Referrals Generated for Recruiters
Referral Link Results
First 12 weeks:
• 57 – % of identified candidates referred on to recruitment team
• 33 – % of referrals have additional notes from referring employee
• 15 – average number of referrals annually per participating employee
Traditional Recruiting Costs
Sr. Biz Analyst Recruiting Costs• $80,000 Salary• Traditional Cost = $1,500 for
ads & job boards• Plus headhunter fee of
$16,000 (20% of salary)• Total Recruiting Cost =
$17,500
Referral Link Recruiting Costs
• Referral Link = $3,600
• 80% Savings
With Referral Link You Can
• Quickly, efficiently identify employee contacts best suited for current open positions
• Minimal impact on your employees’ work day
• Realize 75% participation in your ERP
• Decrease “time to identifying finalists” substantially
• Save 50-80% on recruitment costs
• Find quality candidates more likely to be a cultural fit, too
The Referral Link Difference:
• Employee sign up takes a few minutes, so more employees participate
• You get your best employees’ contacts and they continue to produce for you, uninterrupted
• High probability of good cultural fit based on candidates relationship with employee
It’s Easy!
1. Sign up:• Email sent to employees• They opt in to program
2. Referral Link matches qualifications of employees’ contacts with current open positions
3. Employees send on their list of qualified, referred candidates sent to you (recruiter)
4. You hire the best candidate
Referral Link Learns and Gets Smarter
• With each performed search, Referral Link gets smarter, creating increased efficiency and higher quality results over time
Referral Link: Making HR A Rock Star
Optimize your ERP:
• Increase employee participation
• Increase the quality of your candidate pool
• Increase the likelihood of new employee cultural fit
• Save hours of administrative time
Save up to 80% on recruiting costs.