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Showing posts from June, 2022

How Can Employee Referrals Help?

It’s a candidate driven market today, where job candidates have innumerous choices when it comes to job selection, which has led them to increase their demands significantly higher than what candidates could do a decade ago. This has resulted in employers facing more competition for top talent than ever before in this tight labour market. Hiring managers are thus required to move quickly when making an offer, when they want to capture proficient candidates, and avoid exhausting and lengthy interview processes. Employee referrals can solve a lot of problems here. Engaging your own team in referring top talent for your company can reduce the cost of traditional hiring, while also speeding up the time to hire. Also, referred employees tend to stay retained in the company for longer. As per recent studies, employers enjoy 75% reduction in the cost per hire for referred candidates over traditional recruiting methods, and employee referrals are hired 55% faster than candidates from other...