making employee referral programs work
Post on 14-Sep-2014
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Do you know your Co$t of Hiring?
Studies indicate that the Average Cost per Hire is
$$ 4,000 In USA
Studies indicate that the Average Cost per Hire is
$$ 4,000 In USA
££ In UK4,500
Studies indicate that the Average Cost per Hire is
$$
INRINR
4,000 In USA
££ In UK
In India
4,500
50,000
Average Cost per Hire through Recruitment Firms
$$ 18,700 In USA
Average Cost per Hire through Recruitment Firms
$$ 18,700 In USA
££ In UK12,000
Average Cost per Hire through Recruitment Firms
$$
INRINR
18,700 In USA
££ In UK
In India
12,000
70,000
Average Employee Referral Reward per Hire
$$ 640 In USA
Average Employee Referral Reward per Hire
$$ 640 In USA
££ In UK500
Average Employee Referral Reward per Hire
$$
INRINR
640 In USA
££ In UK
In India
500
10,000
Lets see what successful Employee Referral programs can do !
33%33%% New hires through Referrals for
33%33%% New hires through Referrals for
40%40%
33%33%% New hires through Referrals for
40%40%
50%50%
33%33%% New hires through Referrals for
40%40%
50%50%
What % of your hiring is from Referrals ?
Referrals helped the company grow their facility from 100 to 300 employees
Referral Rewards paid to hire over 3000 people $ 7 MN$ 7 MN
Referral Rewards paid to hire over 3000 people $ 7 MN$ 7 MN
Average Referral Reward paid out per hire $ 1000 - $ 2500$ 1000 - $ 2500
Referral Rewards paid to hire over 3000 people $ 7 MN$ 7 MN
Estimated Savings, if other channels were used for Hiring
Average Referral Reward paid out per hire $ 1000 - $ 2500$ 1000 - $ 2500
$ 20 MN$ 20 MN
Referral Rewards paid to hire over 3000 people $ 7 MN$ 7 MN
Estimated Savings, if other channels were used for Hiring
Average Referral Reward paid out per hire $ 1000 - $ 2500$ 1000 - $ 2500
$ 20 MN$ 20 MN
What is your cost of not having a Referral program?
Average number of Referrals leading to a successful hire 1515
8484Average number of candidate applications from job boards leading to a successful hire
Average number of Referrals leading to a successful hire 1515
8484Average number of candidate applications from job boards leading to a successful hire
Average number of Referrals leading to a successful hire 1515
Are you still spending more time and money on Job Boards than necessary ?
5%5%% of Employees that normally participate in Employee
Referral Programs
5%5%% of Employees that normally participate in Employee
Referral Programs
25%25%% of Employees that need to participate in Employee
Referral Program to make it successful
5%5%% of Employees that normally participate in Employee
Referral Programs
25%25%
What % of your employees participate in Referrals ?
% of Employees that need to participate in Employee Referral Program to make it successful
Common Issues about Employee Referral Programs
Oh ! I did not know we had a referral program
Common Issues about Employee Referral Programs
Oh ! I did not know we had a referral program
XYZ CORPORATION
Employee Referral on Wisestep.com powered Careers Page
Common Issues about Employee Referral Programs
Oh ! I did not know we had a referral program
XYZ CORPORATION
Employee logins to allow tracking of referrals
All Open jobs and rewards are listed on the careers Section. Easy to Find,
Easier to Refer
Search for and Browse through all the Latest Jobs
Employee Referral on Wisestep.com powered Careers Page
I have to fill out 3 forms to refer my friends. That’s a hassle
Common Issues about Employee Referral Programs
I have to fill out 3 forms to refer my friends. That’s a hassle
XYZ CORPORATION
Employee Referral on Wisestep.com powered Careers Page
Common Issues about Employee Referral Programs
I have to fill out 3 forms to refer my friends. That’s a hassle
XYZ CORPORATION
Employees can login and refer jobs to hundreds of friends using email and
social media in less than a minute. Its easy and its fast.
Employee Referral on Wisestep.com powered Careers Page
Common Issues about Employee Referral Programs
I refer my friends but I never know the status of their applications
Common Issues about Employee Referral Programs
I refer my friends but I never know the status of their applications
XYZ CORPORATION
Employee Referral on Wisestep.com powered Careers Page
Common Issues about Employee Referral Programs
I refer my friends but I never know the status of their applications
XYZ CORPORATION
Employee Referral on Wisestep.com powered Careers Page
Common Issues about Employee Referral Programs
Receive applications that get tracked to the referrer automatically
What if an Employee Referral program with all these features can be added to your website in less than 10 minutes ?
Log on to
www.wisestep.com/Recruiter/signin.aspx
Act Now, Reduce your Hiring cost !
Make Employee Referrals your dominant hiring channel.
Try us Today Try us Today
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