Skip to main content

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.

leading leadership hiring companies in India

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 sourcing platforms. These statistics could certainly make a significant different in hiring competitive talent, without harming the overall financial health of the organization, couldn’t it!?

So, employee referrals bring three main benefits – reduced time to hire, reduced cost to hire, and long-term employees. But, this does not end here. There are many other additional benefits that employee referrals can bring that can keep your team loyal and also bring about further success for your business. Let’s take a look at some such additional benefits.

It helps boost your brand image

If you already have a happy, productive, satisfied, and loyal team, your team members will certainly also tell their friends and acquaintances the same. They can prove to be your greatest brand advocates! A compliment from your employees means a boosted brand image, bringing in more candidates for your vacant positions.

It brings access to an expanded wider talent pool

By not focusing solely on active job hunters, employers can seek passive candidates as well, those that aren’t currently looking for a new job, but can certainly be beneficial to your company. With your “n” number of employees, you gain access to “100n” number of possibilities to hire, including both active and passive candidates. This means you have an expanded wider pool of talent to work your way through, reaching out to high-skilled passive talent that may otherwise be hard to reach.

It’s possible to hire candidates that are a better fit for your team

Every employer wants to have a team-based collaborative culture within their organization, which can produce happier, more productive employees. Traditional hiring may or may not help find a cultural fit for the organization, unless you’ve partnered with leading leadership hiring companies in India. But, through an employee referral program, a cultural fit is highly likely. The employees working for you already understand your business culture, mission, and goals; hence they won’t recommend someone who isn’t a good fir for your organization. This means, the referred candidates are more likely to share your corporate values, making them a better fit for your team. Employee referrals are one of the top sources for quality hires. Another one is a recruitment company that knows the ins and outs of the business. One such name is WalkWater Talent Advisors, who tops the list of leading leadership hiring companies in India, having access to a large talent pool, each one being carefully scrutinized and sorted, so as to deliver the most apt candidate for a particular organization and job position.

For more information, visit: https://www.walkwatertalent.com/

Labels:

Comments

Post a Comment

Popular posts from this blog

How Can You Stand Out To Executive Recruiters - WalkWater Talent Advisors

When you’re looking for a job, you want to approach professional recruiters to help you find the best job possible, where you can fit into the company and also get a good outcome from the recruitment. But, recruiters will only suggest your name to their client companies when they are highly satisfied with you, both in terms of professional degrees and experience, and also your behaviour and capabilities.  So, how do you stand out from the rest to have the recruiters consider you before anyone else? Here are a few tips that may help. Build relationships beforehand While we begun the blog with the statement that you look forward to recruiters when you need a job, this is actually not the right practice. Instead, you should build up your network well in advance, even before you need it. You should make yourself known and respected by recruiters even before you need to rely on them. Its not easy to showcase your worth when you’re looking for a job, irrespective of whether you have r...
Post a Comment
Read more

Talent Acquisition – Doing It The Right Way - WalkWater Talent Advisors

The corporate world is significantly changing and evolving, which has also led to evolving practices of working. One other field that has seen a noteworthy modification is the way in which candidates are hired for an organization, especially when it comes to high-level jobs. Enterprises are now drifting away from simple recruitment, and are adopting the practices of talent acquisition. Generally, you would think that recruitment and talent acquisition are the same thing, but in actuality, they are very different from each other. Recruitment is an approach that focuses on filling up vacancies for an organization. But, talent acquisition is a more strategic approach that focuses on finding executives and leaders who not only fill the current vacancies appropriately, but can also help in fulfilling futuristic business goals. Talent acquisition is thus targeted towards acquiring skilled candidates for a long term. How to make the most out of a talent acquisition program? Talent acquisition...
Post a Comment
Read more

Finding The Right Executive Search Firm For Your Company - WalkWater Talent Advisors

Different industrial and commercial sectors like architecture, construction, engineering, real estate, electronics, medical, etc. require different types of executives and leaders. And for each kind of job profile, there are different roles, responsibilities, talent, skills, and calibers required. This makes finding the right kind if executive for a particular position and sector becomes challenging. And, this is why many organizations leave the task in the hands of professionals like specialized executive search firms. However, finding the right executive search firm is no less than a challenge too. There are so many search firms and consultants that it becomes difficult to identify a genuine and suitable one from the lot. Obviously, you’ll want a search firm who is in your own trade sector, or one who has experience in your industry, but that isn't all. There’s so much more that you’ll want to look out for before hiring an executive search firm for the task. Let’s help you unders...
Post a Comment
Read more