Employee referral programs encourage a company’s employees and contacts to source potential candidates for vacancies from their own networks usually in exchange for rewards or compensation.
Candidates hired through referral programs are considered to be better performers as they tend to be pre-qualified by the referrer and better suited for specific jobs. On top of this, hiring based on referrals, reduce work load and saves time, strengthens the bond with existing employees, boosts the employer brand, turns employees into brand advocates and improves the employee retention rate.
It takes a while to create great referral programs and it all starts with developing a positive employer brand in order to establish an appealing internal and external employer image. Although it takes some effort, try making this type of hire a priority in your company, communicate this to your team and start by encouraging your employees and connections to refer people to your vacancies. You’ll soon be pleased to see how easy it can be to connect with smart, talented and innovative people, people who are the right fit for your team and environment. Moreover, you will get access to quality talent and people who are not actively seeking new opportunities but who might do when encouraged by a person they know and trust.
Start by establishing your ideal candidate’s profile and tell your employees exactly what you’re looking for in a great hire. Focus on skills like motivation, ambition, problem solving and teamwork, but also on experience and education. Explain to all of your employees the value of employee referrals and make them understand how hiring the right talent can boost their productivity and happiness at work. Then celebrate successful referrals and tell your employees how much you appreciate their efforts. Also, never forget to reward them for taking the time and effort to help you recruit qualified candidates. Some companies prefer to give away cash rewards and/or vouchers and some choose to offer other incentives like free travel or extra time off.
At Investigo, we recognise the benefits of referrals and acknowledge the fact that they usually result in the highest quality hires. Therefore, we always welcome referrals and encourage our employees and connections to recommend candidates and to encourage them to register with Investigo here. Over the years, this has helped us to take recruitment to the next level.
In case you’re still not sure if it’s worth developing an employee referral program or not, here are a few more interesting stats that might help you decide:
Have a look at our jobs here and contact us today on 0044 (0)20 7194 7850 or [email protected] to refer a friend. We will pay a reward to you in the form of vouchers as selected by you from a list of suppliers like Virgin, John Lewis, Mark & Spencer, Spa Seekers, See Tickets, Arcadia, etc.
The team at Social Hire won't just do social media management. Our team work with you to ensure your business sees great value from the service and that your team gets tangible results.
The social media marketers in our company are the best in the business at helping our partners enhance their online marketing. We outline and implement cutting-edge social media marketing plans that help our customers realise their organisational objectives and further their social media presence. Our experienced team of digital experts do your social media strategy creation and management in an uncomplicated monthly plan that is cost-effective and is genuinely useful, whatever results you demand from your online marketing management.
Our specialists are a team that assists our partners improve their presence online by producing online marketing on a regular basis. Our service is transparent and economical, which ensures that you get a great service and results that make a difference when you use our services.
You might like these blog posts 7 Signs You’re Ready to Hire a New Team Member, 5 Ways to Kickstart Collaboration in the Workplace, How to Make Everyone Excited about Your Wellness Program [Infographic], and 4 Ways Online Surveys Can Help Your Marketing Campaign.