Reason Why Employee Referrals are the Best Option to Hire
No doubt to search the best talent you need to research a lot. Although the first step what you can do for hiring process you can your existing employees who can join and would be good for the role.
According to research it shows that getting a referral is the cheaper way to hire and even the fastest way to hire which will produce a better and efficient way to hire and even lowers down the company’s turnover rate.
A great referral program allows you to transfer your entire workforce into recruiters will provide you with many recruiters and with many resources who can reach to candidates. Referral program empowers in finding the employees.
If you want to have evidence whether it is true or not then here is a case where you can have these benefits at a time.
1. You can find that referral candidate are faster to hire, than the traditional candidates
It provides perfect sense to craft job posting, receive resumes and screen which allows you to have interview referral candidates and to hire them.
It has been found that hiring via referral is very time saving. According to studies it has been found that it takes 29 days for hiring a candidate through referral hiring as compares to hiring through job post it takes 55 days to hire candidates.
2. Referred candidates are cheaper to hire than the traditional candidate hiring
According to the above mentioned reasons we come to know that the referred candidates are cheaper to hire than the traditional candidates. You don’t have to pay for the recruiting and to source them or advertise on the job board or to produce agency fees etc. And you know that this is the faster way to hire and you need to spend very less for internal labor cost.
According to the research it has been found that even after introducing referral bonus helps you to save great. As a typical agency also takes a lot of charge as a fees more than 20 percent of the first salary to hire a candidate which is more if you provide an employee bonus if you are successfully consider recommendation for hiring candidates.
3. Referral hiring will be faster than the traditional hiring
One of the benefit of hiring a through referral and let the boss to ask for the questions on board to refer a person who can refer any new hiring. This helps them to get easily integrated into the culture.
4. A referral hiring stays long in the job than the traditional hire
The most important statistic of quality hiring is possible. Although it is not so easy to measure referred hiring but will help you stay longer that the non-referral hiring. Thus it is clear that it provides a higher quality.
5. An employee who successfully refers to candidates stay longer than traditional recruited employee
There are many benefits of that you may except that the employee at your company refers to a candidate then the hired candidates stay longer in the company.
A successful referral provides a better feeling for the company to work and provides tend to stay long and let them get more engaged.
According to the above context you will come to know that referral hiring is in fact the best way to hire a candidates. Even this the most cost effective and efficient way to hire strong candidates.
Apart from this what would be better if you get referral hiring through online web portals. Employrr is one of the global online social recruitment website which provides job referral and reward services for the recruiters, candidates and referrers. Employrr is the most effective and efficient way to have social recruitment tool which gets connected with the recruiters with candidates and recommended as referrers such as employees, family, acquaintance and friends through word of mouth online. Employrr comes with the private employee referral hiring program and public job board which is the most easy to use the web application at low cost to hire new quality candidates in less time. This platform analyzes and optimizes the recruitment strategies and identifies the trends, increases the efficiency, spot opportunities at reduced cost.