Erma Thomas

'Like Minds Think Alike.' It is one of the most effective sayings when it comes to employee referral hiring. Currently, there are multiple employee referral software out there. Here in this thread, we have curated a list of advantages of the employee referral software in the long run for the company: High ROI This is a fact that one of the essential expenses of a company is 'Recruitment.' The human resource in the company is considered very important as this is one resource that can break or make the company. Companies end up spending a considerable amount of time and cost in the process of recruitment. This cost could be either directly related or indirectly, depends on the need. The direct cost is involved when the companies end up paying a huge commission to all the recruitment agencies out there. On average, the company ends up paying, 15-2- percent of the annual pay of the employee directly to these agencies. On the other hand, direct cost also involves...

With passing time, employee referral programs are getting more and more popular. These referrals help in reducing the time of hiring employees to a great extent. Although you cannot put all your emphasis only on an employee referral program software, several benefits will, for sure, help you out. Here we go! Enhanced Quality of Hiring When employees refer their relatives or friends for a job, the probability is that those people possess the much-needed qualities which the company needs for that particular job profile. There are three main reasons for this. The first reason is that they are aware of the referral's weaknesses and strengths. The second reason is that the performance of the referrals can reflect back on them. Also, the entitlement to employee referral rewards is also a driving force that motivates them. According to the latest research, a company that uses employee referral program software experiences 23% more employee retention. Also, during the hiring pr...