Using job boards for recruitment is a common strategy, but it can be frustrating when you receive dozens of unqualified applicants. No one wants to spend time reviewing resumes only to come up empty-handed. After all, successful recruitment is about quality, not quantity.
If you plan to hire in the coming weeks or months, it could be the perfect time to create (or revamp) an employee referral program. An employee referral program provides a structured, organized way for current employees to recommend people in their network to open positions within your company. An employee referral program is not only an excellent source of candidates who you might not otherwise find, but it can save you up to $7,500 per hire in recruitment costs.
Particularly if you’re operating in a competitive talent market, employee referrals can be an essential part of your recruitment strategy. Equip your employees with the information and incentives they need to make quality referrals and keep your candidate pipeline full.
Using the Sincron HR platform HR managers can implement and track the success of employee referral programs and their associated costs. In addition:
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