Hiring the right people has always been a fundamental component of success for any business. Now more than ever, reaching qualified and dedicated employees are imperative for organizations that wish to grow and scale. Without the right systems in place, interviewing and onboarding the right candidate for a role can take lots of valuable time. Shortening the hiring process to allow recruiters and hiring managers to devote that time to other work areas is essential to improve operations and manage time and energy more efficiently.
Are you leveraging your current employees as a top resource for new candidate referrals? 82% of employees rated employee referrals above all other sourcing options to yield the best ROI, according to LinkedIn. Companies that use an advanced referral system allow their organization to capture the attention of employees’ networks to source high-quality candidates without tapping out their own resources.
Consider this: An employee referral program can help reduce both time-to-hire and cost-per-hire. Referred candidates are 55 percent faster to hire, and employee referral programs can save companies $3,000 or more per hire.
Employee Referral Solutions
The proper employee referrals solutions should help your hiring teams maximize your organization’s candidates from current employees. Providing the tools and motivation that make it easy for your employees to refer candidates that best fit your organization sets both sides up for success. In our experience, successful employee referrals programs consist of three key components:
Make it simple: Use an online system that’s easy for employees to upload a resume, provide a contact name, or submit a link to an online profile.
Offer rewards: Boost employee engagement and participation with a referrals program that doesn’t feel like work. Integrate with your existing incentive program within your HRIS.
Be transparent: Keep employees automatically in the loop about open positions and how your referral process works.
Compliance is Key
When working with systems to encourage employee referrals, it’s essential to maintain compliance within your recruiting and communications processes. Companies that incorporate a fully compliant consent management process into their existing HRIS can ensure they get upfront consent when working with referral-based candidates. Through a simple consent gathering process, recruiting teams can gather phone numbers of your candidate while also maintaining an audited record of their consent. The best way to do that? Through text messages. a compliant consent management process designed to adhere and scale to global standards.
Accelerate Referrals with Texting
We’ve said it before, but it bears repeating: text messages have a 98% open rate. With this in mind, one of the best ways to keep referral candidates in the loop is with text messaging. You maintain better connection and engagement by providing candidates with regular, automated text messages through the application process. Use texts to let them know their application has been received or remind them of an action they need to take or provide them with the contact information they can use to get in touch with your hiring team. With the proper recruitment tools, text messages can be configured and triggered based on the step in your recruitment workflow.
Loop Works recruitment marketing and CRM platform can help your organization enhance your recruitment team’s productivity and create a seamless candidate experience. Reach out to us today to learn more about optimizing your employee referrals and creating and maintaining meaningful connections with candidates and employees.
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