making employee referral programs work

37
Do you know your Co$t of Hiring?

Post on 14-Sep-2014

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Career


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This presentation helps you understand how you can setup a fast, easy and effective employee referral program using the wisestep.com platform. Use it to believe it !

TRANSCRIPT

Page 1: Making Employee Referral programs work

Do you know your Co$t of Hiring?

Page 2: Making Employee Referral programs work

Studies indicate that the Average Cost per Hire is

$$ 4,000 In USA

Page 3: Making Employee Referral programs work

Studies indicate that the Average Cost per Hire is

$$ 4,000 In USA

££ In UK4,500

Page 4: Making Employee Referral programs work

Studies indicate that the Average Cost per Hire is

$$

INRINR

4,000 In USA

££ In UK

In India

4,500

50,000

Page 5: Making Employee Referral programs work

Average Cost per Hire through Recruitment Firms

$$ 18,700 In USA

Page 6: Making Employee Referral programs work

Average Cost per Hire through Recruitment Firms

$$ 18,700 In USA

££ In UK12,000

Page 7: Making Employee Referral programs work

Average Cost per Hire through Recruitment Firms

$$

INRINR

18,700 In USA

££ In UK

In India

12,000

70,000

Page 8: Making Employee Referral programs work

Average Employee Referral Reward per Hire

$$ 640 In USA

Page 9: Making Employee Referral programs work

Average Employee Referral Reward per Hire

$$ 640 In USA

££ In UK500

Page 10: Making Employee Referral programs work

Average Employee Referral Reward per Hire

$$

INRINR

640 In USA

££ In UK

In India

500

10,000

Page 11: Making Employee Referral programs work

Lets see what successful Employee Referral programs can do !

Page 12: Making Employee Referral programs work

33%33%% New hires through Referrals for

Page 13: Making Employee Referral programs work

33%33%% New hires through Referrals for

40%40%

Page 14: Making Employee Referral programs work

33%33%% New hires through Referrals for

40%40%

50%50%

Page 15: Making Employee Referral programs work

33%33%% New hires through Referrals for

40%40%

50%50%

What % of your hiring is from Referrals ?

Page 16: Making Employee Referral programs work

Referrals helped the company grow their facility from 100 to 300 employees

Page 17: Making Employee Referral programs work

Referral Rewards paid to hire over 3000 people $ 7 MN$ 7 MN

Page 18: Making Employee Referral programs work

Referral Rewards paid to hire over 3000 people $ 7 MN$ 7 MN

Average Referral Reward paid out per hire $ 1000 - $ 2500$ 1000 - $ 2500

Page 19: Making Employee Referral programs work

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

Page 20: Making Employee Referral programs work

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?

Page 21: Making Employee Referral programs work

Average number of Referrals leading to a successful hire 1515

Page 22: Making Employee Referral programs work

8484Average number of candidate applications from job boards leading to a successful hire

Average number of Referrals leading to a successful hire 1515

Page 23: Making Employee Referral programs work

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 ?

Page 24: Making Employee Referral programs work

5%5%% of Employees that normally participate in Employee

Referral Programs

Page 25: Making Employee Referral programs work

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

Page 26: Making Employee Referral programs work

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

Page 27: Making Employee Referral programs work

Common Issues about Employee Referral Programs

Oh ! I did not know we had a referral program

Page 28: Making Employee Referral programs work

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

Page 29: Making Employee Referral programs work

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

Page 30: Making Employee Referral programs work

I have to fill out 3 forms to refer my friends. That’s a hassle

Common Issues about Employee Referral Programs

Page 31: Making Employee Referral programs work

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

Page 32: Making Employee Referral programs work

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

Page 33: Making Employee Referral programs work

I refer my friends but I never know the status of their applications

Common Issues about Employee Referral Programs

Page 34: Making Employee Referral programs work

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

Page 35: Making Employee Referral programs work

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

Page 36: Making Employee Referral programs work

What if an Employee Referral program with all these features can be added to your website in less than 10 minutes ?

Page 37: Making Employee Referral programs work

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