Why You Should Care About Your Employee Referral Program

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<h1>Why You Should Care About Your Employee Referral Program</h1><strong> Author: <a href='http://www.articleseen.com/profile_saviovadakkan.aspx'>saviovadakkan</a></strong><br /><p>As hiring gets increasingly difficult due to demand supply mismatch for skilled and experienced workers, organizations will need to take tough calls on how much they can afford to spend on hiring to get the much required talent on board. The burgeoning cost of hiring talent is what makes employee referral programs so very special, as they afford possibly the only way for organizations to get the best talent on board without spending a fortune on hiring them. Often relegated to the background as a HR gimmick, Employee referral programs in fact deserve to be treated with much more care. The potential benefits of a well running referral program are many and diverse. They have the power to not only help an organization achieve not only its short term objective of hiring talent, but also long term goals of lower attrition rates and higher employee engagement. Organizations that do not choose to invest in their referral programs have to bear the cost of spending millions of dollars advertising their jobs or paying an external agency a fat commission for hunting down the right talent for them, and repeat the process all over again the next time they want to hire someone. The costs are exorbitant and not every organization can afford to spend so much for every hiring, which is why employee referrals are so important and need to be given attention and care to make them successful, helping the organization save millions of dollars in the process. By utilizing existing employee networks, employee referral programs can help you spread the word regarding existing job openings faster than any advertising can hope to accomplish, that too at virtually little or no cost. They are the possibly the only means to tap into passive talent and also the most effective means of building a positive employer brand by virtue of employees acting as brand ambassadors to recruit talent into the organization. Referrals help not only fill existing openings but also help the organization meet future hiring needs by building a pipeline of good quality referral candidates. Ignoring your referral program amounts to losing talent to competition as rest assured, your competition is sure to be investing in referral programs to ensure their current talent actively engages to attract and recruit other equally good talent into the organization.</p><strong>About the Author:</strong><br />Savio Vadakkan is a Marketing Professional for ZALP, a unique <a rel="nofollow" href="http://www.zalp.com/employee-referral-software">employee referral software</a>. ZALP guides organizations about how to create a <a rel="nofollow" href="http://www.zalp.com/">successful employee referral program</a> by means of social media integrated recruiting techniques.<p> Article Source: <a href='http://www.articleseen.com/Article_Why-You-Should-Care-About-Your-Employee-Referral-Program_313049.aspx'> http://www.articleseen.com/Article_Why You Should Care About Your Employee Referral Program_313049.aspx</a></p>

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

Category : Computers : Software