Employers Cite Employee Referral’s As The Best Hiring Source

By Author: Savio Vadakkan
Total Articles: 58
Comment this article

“Skill is fine and genius is splendid but the right contacts are even more valuable”.

Today, it’s all about whom you know. Best practice organizations are looking for more cost effective solutions to deal with technical and strategic aspects of recruitment. Employee referral programs (ERP) empower organizations to achieve this goal and have become the most sought after tool by employers.

Employers claim Employee Referral Programs to be the best tool for hiring for the following reasons:

1. Promote Positive Corporate Culture

An Employee Referral Progress aims at seeking help from the internal employees, which means you trust their judgment and value their abilities. Such engagement promotes a positive work environment, creating an atmosphere of community and teamwork. Apart from producing a bevy of happy employees, it also transforms the referral program into a communal concern, with everybody eager to do their parts to maintain your great workplace.

2. Employer Branding Galore

As soon as an employee informs a potential candidate about open positions, positive employer branding ...
... isn’t far behind. This is because an employee recommending vacancies speaks volumes about the excellent employment environment. Employees are unbiased sources who can be trusted to really tell it like it is and hence their opinion matters a lot which gives an immense branding to the organization.

3. Quality Hires

An effective employee referral program enables an organization to have high quality hires, as a referring employee screens his or her referrals closely since his or her own reputation is also on the line with every person he refers for a position. Referring a string of unqualified candidates reflects poorly on the referring employee’s judgment, thereby affecting his or her own career prospects. Thus organizations can certainly expect quality hires through this source.

4. Improved employee retention rates:

A referral program that involves a large percentage of your employees will most likely help to increase the retention rates of your current employees. This is because your employees will need to learn more about the practices that make your firm great in order to sell potential referral prospects. This increased understanding and knowledge will help build their pride and their loyalty as current employees because they are reminded why their firm is superior and why they should stay. Widespread learning about the company’s strong points may also serve to strengthen the corporate culture.

5. Expanded global hiring capability:

With global economic growth and widespread access to the Internet, employee referral programs now work effectively to attract top prospects in most countries around the world. And because the social and professional networks of your employees are now likely to be global, referrals can provide the firm with an important supplement to its current global recruiting capability.

6. A morale indicator:

If employees don’t like a firm or their boss, they will not refer others for a job. As a result, employee referral rates closely mirror employee morale, so managers and HR can use referral rates as an indication of good or bad morale in a function or unit.

Given the various benefits, employee referral programs are definitely must haves for any talent acquisition. ZALP identified and understood these needs and developed a SaaS (Software-as-a-Service) based software on social recruiting to help organizations efficiently source the highest quality candidate through the most valuable source of recruitment “Employee Referrals”.

About ZALP

ZALP is unique socially intelligent employee referral software.

With ZALP organizations can now automate and streamline every aspect of their employee referral program while at the time same integrate it with the potent potential of social recruitment using its advanced social media capabilities.

Each of ZALP’s features have been specifically developed to give organizations a new and innovative referral platform that drastically accelerates employee participation which in turn results in a considerable reduction in the cost per hire and time to fill. Visit www.zalp.com to know more

Author Bio :

Savio Vadakkan, Marketing Representative at Zalp which is a social employee referral software with which organizations can now automate and streamline every aspect of their employee referral programs while at the time same integrate it with the potent potential of social recruitment using its advanced social media capabilities. employee referral