Interest in employee referral programs is growing significantly, according to RolePoint

Share Article

Companies are turning to employee referral programs in order to source better quality job candidates according to RolePoint this week, a social recruiting firm based in London and San Francisco.

RolePoint, a social recruiting firm based in San Francisco and London that provide a complete social recruiting suite that provides unrivalled access and reach to quality job candidates, recently announced that an increasing number of companies are looking to implement or revamp their employee referral schemes. Recent research has consistently indicated that employee referral schemes provide the best source of hiring for candidates, which stay longer and perform to a higher standard within an organization.

Additionally RolePoint recently backed up these findings in their recent corporate whitepaper — which was researched and written by world leading recruitment specialist Bill Boorman — entitled ‘The Social Referral’ that is free to download from their website. Although employee referrals represented only 6.9% of hires in 2012, referred candidates on average stay longer in jobs, perform better in the workplace and cost only slightly more to hire. According to RolePoint, this indicates that employee referrals are set to become much more popular among hiring firms for the rest of 2013. This has been reflected in the strong interest among hiring firms recently. On average it only takes 28 days to hire someone from a referral compared to 45 days from an online job board, making them a fast and more effective way to find the best candidates.

RolePoint suggest that the continuing growth of social media platforms such as Facebook and Twitter as well as more specifically LinkedIn for the recruitment industry, has fuelled this growth. The reason for this is that social networks make mapping existing relationships among colleagues and employees considerably easier and more transparent. Sharing job postings among the right audience and targeting the best candidates has become easier with the rise of modern social media platforms. This is what RolePoint has termed, growing and sustaining a ‘talent community’, a crucial aspect of creating a fostering a successful employee referral program.

RolePoint’s complete social recruiting suite that provides unrivalled access and reach to quality job candidates has convinced many companies to implement new and innovative hiring strategies in order to compete for the best candidates. It is also helping applicants engage more meaningfully with companies they are interested in working for and target organizations that are an appropriate cultural fit.

For more fascinating insights into the recruitment industry and general out of the box thinking, head to http://www.rolepoint.com/blog.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Azar
Calm Lane Ltd
0800-690-6907
Email >
Visit website