6 unique elements of successful employee referral program
DESCRIPTION
Employee referral programs have proven to be really effective with its numerous benefits. However, to avail these benefits it is very important that the employee referral scheme be structured in a manner that it adss value to the organization. ZALP has highlighted 6 unique elements required for a successful employee referral program. Visit http://www.zalp.com to know more. - PowerPoint PPT PresentationTRANSCRIPT
6 unique elements of a 6 unique elements of a successful successful Employee Referral Program?Employee Referral Program?
6 Unique Elements6 Unique Elements of a Successful of a Successful
Employee Referral Employee Referral Program?Program?
6 Unique Elements of a 6 Unique Elements of a Successful Successful Employee Referral Program?Employee Referral Program?
The benefits from an employee referral program are immense.
Beginning from its applicant to hire ratio right up to its high
retention ratio, its benefits are unparalleled.
To avail of these benefits, however, it is imperative that the
employee referral scheme be structured in a manner that it
lends itself to adding value to the organization.
INTRODUCTION
6 Unique Elements of a 6 Unique Elements of a Successful Successful Employee Referral Program?Employee Referral Program?
Here are 6 unique elements of a Successful Employee Referral Scheme:
6 Unique Elements of a 6 Unique Elements of a Successful Successful Employee Referral Program?Employee Referral Program?
This is the most critical factor driving all Employee Referral schemes. The level of employee engagement in the scheme will determine both the quantity and quality of referrals.
An important constituent of employee engagement is the rewards offered to the employees. These rewards can be monetary or non monetary and need to be offered basis a thorough assessment of what employees value and is a good fit with the organizational culture.
Rewards may vary from hard cash to an appreciation note and more often than not will be a judicious mix of these.
Employee Engagement
6 Unique Elements of a 6 Unique Elements of a Successful Successful Employee Referral Program?Employee Referral Program?
A very important of determinant of the success of the scheme is its simplicity as well as the ease with which employees can understand the scheme and act on it.
An unduly complicated scheme will limit employee interest in the scheme, as they will have to spend far too much time comprehending the scheme.
Simplicity of the Program
6 Unique Elements of a 6 Unique Elements of a Successful Successful Employee Referral Program?Employee Referral Program?
This is an absolute imperative. Having launched the scheme it is important that employees are fully aware of the scheme and the scheme itself has top of the mind recall.
This can be done through a host of activities all performed with the objective of increasing the visibility of the scheme.
Communication Process
6 Unique Elements of a 6 Unique Elements of a Successful Successful Employee Referral Program?Employee Referral Program?
With the increasing popularity of social networking, employees need to be encouraged and even trained to tap into their social networks in order to make quality referrals.
Social Networking
6 Unique Elements of a 6 Unique Elements of a Successful Successful Employee Referral Program?Employee Referral Program?
It is not enough to launch a scheme and then not map its success and failures. It is very important for the scheme to be responsive to employee needs.
This will enable the organization to make changes in the scheme so that it remains relevant. Be it the rewards or any administrative aspect of the scheme, if any aspect of the scheme isn’t working, modification is the key
Responsiveness of the program
6 Unique Elements of a 6 Unique Elements of a Successful Successful Employee Referral Program?Employee Referral Program?
Last but definitely not the least, it is important to keep your objectives realistic. It is only against a realistic yardstick that you can measure the success or failure of a program.
A realistic expectation will not let you throw out the baby with the bathwater on the one hand and drag a non-performing scheme, on the other.
Realistic Nature
6 unique elements of a 6 unique elements of a successful successful Employee Referral Program?Employee Referral Program?
For more information, visit
www.zalp.com
To book a free demo, drop a mail to
You may also call us for any other assistance
1-866-217-1267
www.linkedin.com/company/zalp
www.facebook.com/zalp03
www.twitter.com/zalptweetsZalp integrates with all leading ATS
providers.