Why Employee Referrals Should Play A Vital Role In Your Recruiting Strategy

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<h1>Why Employee Referrals Should Play A Vital Role In Your Recruiting Strategy</h1><strong> Author: <a href='http://www.articleseen.com/profile_saviovadakkan.aspx'>saviovadakkan</a></strong><br /><p>If you have great employees working for you, it makes business sense to hire more employees just like them, which is exactly why employee referral programs are becoming such a critical tool in the recruiting strategy of organizations. The most important contribution of employee referrals to the recruiting function is the fact that it exponentially broadens the reach for any job opening in the organization. A recruiter might know more than 500 people, but by involving employees in the process, the number of people knowing about the opening multiplies multiple times over. Each employee will potentially have a network of 100-150 people, and if an organization has an average of 100 employees, that would mean that an average of 10000 to 15000 know about the opening and can be potential applicants for the job. There is also the possibility that these connections might share the opening with their connections adding more and more people to the circle, all this marketing of the opening happens at virtually no cost to the company. Employee referrals are not merely a recruiting source, but have an impact far beyond the immediate to create a lasting impact on the organizational climate at the workplace. Summed up below are some of the key reasons why employee referrals are a must have in your recruiting strategy: • Employee referrals produce the best ROI among all recruiting sources, since the cost of referrals is directly in control of the organization. With all other recruiting sources like recruiting agencies and job advertisements, the cost per hire is much higher as the amount is set by an external party. • Hiring is much faster and easier with employee referrals as employees are able to recommend more relevant candidate based on their first hand knowledge about the job and the organization. Also the recruiting team is able to save a lot of time and effort which would otherwise go in sorting through mountains of resumes collected from other recruitment sources • Quality of hiring is also much better since employee referrals tend to perform much better on the job due to the fact that they adjust much faster and better to the organizational culture than hires from other sources. Apart from the immediate impact on speeding up the hiring process and making it much more cost effective manner, while delivering better quality, employee referrals also have some long term benefits. • Employee referrals help build a positive employer brand at virtually no cost as employees act as company ambassadors advocating the organization as a good place to work to others. • Referral programs help build a positive work atmosphere as employees enjoy working with people they already know and have probably worked with in the past. Organizational productivity also goes up as a result of better team work. • Attrition rates also come down as referrals tend to stay longer with the organization due to their better assimilation into the workplace and mentoring by existing employees. Employee referrals capitalize on one of the biggest assets of an organization, its employees and hence their importance in the recruiting strategy of an organization cannot be over emphasized. No recruiting program can hope to succeed without including a good employee referral program in its arsenal.</p><strong>About the Author:</strong><br />Savio Vadakkan is the Marketing Professional at ZALP, a leading <a rel="nofollow" href="http://www.zalp.com/employee-referral-solution">employee referral tool</a>. ZALP enables organizations to boost their employee referral hires by implementing an <a rel="nofollow" href="http://www.zalp.com/">effective employee referral program</a>. <p> Article Source: <a href='http://www.articleseen.com/Article_Why-Employee-Referrals-Should-Play-A-Vital-Role-In-Your-Recruiting-Strategy_305287.aspx'> http://www.articleseen.com/Article_Why Employee Referrals Should Play A Vital Role In Your Recruiting Strategy_305287.aspx</a></p>

Article Source : http://www.articleseen.com/Article_Why Employee Referrals Should Play A Vital Role In Your Recruiting Strategy_305287.aspx

Keywords : employee referrals solution, employee referral program, social media recruiting, employee referral,

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