Why create a world class referrals culture?
In the modern age top quality talent is easier to locate than ever but harder to reach. The top quality passive candidates are being approached daily by recruiters and have no shortage of opportunities. The way to reach them is through the people they already have relationships with –that means your existing talent. Employee referrals are proven to be the best source of hire. As they are generally a better culture fit and have closer expectation when joining the company, they are shown to have a 60% greater chance of staying in a role after 3 months and increased retention after 3 years. They are also proven to perform better and are a lower cost-per-hire than most other recruitment sources. With all the great statistics around referrals, few companies understand how to really motivate their employees to refer and create a world class referrals process. In this series we’re going to look beyond financial incentives to how social and altruistic rewards to engage your employee base. We’re going to explore how you can use emerging communication channels to make your message to employees timely and relevant. You’ll find out how to provide the best possible employee experience and how social is making it easier than ever to expand your referrals reach. You’ll also find out how your recruitment team will be driving the entire process and planting the seeds to grow a world class referrals culture. Join the RolePoint #ReferralsRevolution today.