Published on March 10, 2014
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 – percent of identified candidates referred on to recruitment team • 33 – percent of referrals have additional notes from referring employee • 15 – avg. 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 ERP • Decrease “time to identifying finalists” substantially • Save 50-80% on recruitment costs • Find quality candidates more likely to be 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 or out of program 2. Referral Link matches qualifications of employees’ contacts with current open positions 3. Employees send on their list of qualified, referred candidates 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
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