Tag: referral program

Best Practices To Boost Your Employee Referral Programs

For any growing company, referrals play a key role in almost all aspects of business operations – from selecting new vendors to getting introductions to new prospects. Talent acquisition is certainly another such area where referrals from employees have long been considered a valuable source of finding good quality talent.  Most companies and their executives understand this. Still, most employee referral programs fail to perform and are ineffective. Unfortunately, while companies want to leverage employee referral programs to improve their hiring process, they are consistently unable to implement these in an effective and sustainable way to get company-wide adoption. Employee Referral Programs Read more

Hire Faster From Your Employees’ Social Media Networks

Your co-workers have an average of 350 Facebook friends apiece. That might not seem like much to go on, as you search for your next great hire. But when you multiply it by only ten employees, that’s a potential reach of 3,500 prospects. Now factor in the fact that employee referrals constitute the number one source for both quality and quantity of new hires, and you’ve got a solid chance of recruiting success based on how you are able to leverage your employees’ social media networks. It’s one thing to know that the connections are out there, waiting for you, and Read more

Does Your Employee Referral System Work To Your Advantage?

According to HR experts, one of the most effective ways of finding and recruiting top talent is through an employee referral system.  Finding the right candidate via referrals is easier because the referring employees make sure that their referrals are qualified. Also, most prospects identified through employee referrals are passive candidates who are not aggressively on the lookout for new jobs. A study of the Institute for the Study of Labor (IZA) by Meta Brown, Elizabeth Setren and Giorgio Topa in May 2014 also showed that referred candidates have longer tenures in the firm compared to non referred candidates.  This not only Read more

Employee Referral Program: Key to Smart Hiring

Recruiting and hiring new employees involves so many different components that it can sometimes feel overwhelming to determine who is best for the role and who can have the biggest positive impact on the company. Smart hiring involves streamlining the processes and utilizing strategies that will prevent, or at least alleviate, any feelings of a rushed or uncertain hire. In the long-run, bad hires end up costing the company a lot more in terms of time, money and missed opportunities. Therefore, it’s advisable to create a system that mitigates the potential of hiring an employee who won’t be a good Read more

The Skills Gap Issue In Startup Hiring – Guest Post on HR.com

The skills gap is a major concern for venture-backed startups to Fortune 500 companies. This should not be surprising if you look at numbers like those provided by the Job Preparedness Indicator. According to this recent survey, only 17 percent of hiring managers said candidates were presenting the right skills for the job. In startup companies, it is even more essential to hire employees with the necessary skill sets. A bad hire can cost a company big money, and hiring an employee who does not fit into your organization can ruin the company culture you have worked so hard to Read more

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