How To Revamp Your Employee Referral Program

[fa icon="calendar'] Jul 12, 2016 10:00:00 AM / by Andy Wolfe posted in Sourcing, Hiring, Referrals

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Before getting into how referral hiring programs work, let's first talk about their goals:

  • To hire great people efficiently
  • To engage and retain your current and new employees

Now that we have goals established, we want to design the easiest way to achieve them. We've found the following three components to be the most important elements of a successful referral program:

  • Make it easy for employees
  • Use simple, altrustic incentives
  • Write great, short emails

This is the way great tech companies like Facebook and Google do it  they’ve cut out the unnecessary fluffy benefits, and identified the core need: an efficient way to recruit the best candidates.

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How To Efficiently Manage And Qualify Employee Referrals

[fa icon="calendar'] May 17, 2016 11:00:00 AM / by Andy Wolfe posted in Referrals

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How long do you spend managing and qualifying employee referrals? The process can definitely be time-consuming and can feel rather daunting, especially when you have a huge volume of great names coming your way while trying to juggle everything else on your plate.

Managing and qualifying employee connections doesn’t have to be a painful process. Read the following tips to see how you can free up more time for yourself and bring in more high-quality leads.

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How To Double Employee Referral Hires

[fa icon="calendar'] May 3, 2016 8:05:35 AM / by Andy Wolfe posted in Sourcing, Referrals, ROI

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What percentage of your hires come from employee referrals? 50% should be your goal, but if you are like most organizations, there's a huge chance that you're under that.

The benefits of hiring 50%+ by referrals are enormous: you’ll speed up time-to-hire, increase retention, and ultimately end up with happier and more motivated employees. After all, each employee you hire by referral saves you $8,975. Here's how you can double your employee hires.

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These Statistics Prove Just How Valuable Employee Connections Are

[fa icon="calendar'] Apr 26, 2016 9:00:00 AM / by Andy Wolfe posted in Sourcing, Referrals, ROI

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Every recruiter knows that hiring top employee connections is valuable, but just how valuable? Check out the statistics below.

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Reverse Engineer Employee Referrals For Better Results

[fa icon="calendar'] Mar 31, 2016 2:11:34 PM / by Andy Wolfe posted in Recruiting, Sourcing, Referrals

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Employee referrals are one of the best sources of hire, but you can make them even better.

Most referral programs ask employees to look at job openings, go through their contacts, and make possible matches. Even with software, this process is time consuming for employees.

If your organization has 100 open jobs, here's how you can reverse engineer your employee referral process to be 100 times more efficient with smarter sourcing.

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Improve Diversity Hiring With Smarter Sourcing

[fa icon="calendar'] Mar 28, 2016 9:30:00 AM / by Christian Rice posted in Recruiting, Sourcing, Referrals, Diversity

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Diverse teams make better decisions and are better at complex problem solving than homogeneous teams.

Pinterest recently improved the diversity of its team through a smarter sourcing methodology, and it's really simple.

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How To Efficiently Hire From Employee Networks

[fa icon="calendar'] Mar 18, 2016 7:54:48 AM / by Andy Wolfe posted in Recruiting, Sourcing, Referrals

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How much time do you spend combing through your employees’ networks?

If your answer is “not much,” read why the best hires come from employee connectionsIf your answer is “a lot,” here are some tips on how to mine employee networks more efficiently to improve quality of hire, time-to-hire, and cost-per-hire.

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How To Engage Employees To Identify Top Connections

[fa icon="calendar'] Mar 10, 2016 1:12:14 PM / by Andy Wolfe posted in Recruiting, Sourcing, Hiring, Referrals

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It's no secret that employee networks are full of great candidates, but did you know that companies only regularly hire from a pool of about 5-10% of their employees' connections? This is because: (1) most of an employee's connections are not very strong (e.g. they're acquaintances from a conference), (2) most of an employee's former colleagues aren't the standout few who were fantastic, and (3) most employees don't regularly participate in even the most robust employee referral programs. Probably no big suprises, here, but the implications are.

We've already seen that big bonuses are not that effective in identifying top employee connections; so, how do you drive participation and find more great people?

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Why Big Referral Bonuses Don't Yield Big Results

[fa icon="calendar'] Mar 2, 2016 3:31:29 PM / by Andy Wolfe posted in Recruiting, Sourcing, Referrals

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Identifying top employee connections is crucial for companies that want to hire great people fast. 

That's why most companies offer a monetary reward when employees refer their friends. While large referral bonuses seem like a great incentive, they're not always as useful or cost-effective as one would think.

Why is it that big bonuses don't actually yield big results?

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