Use Referral Recruiting to Reduce Your Employee Attrition

What a company just cannot afford to deal with in terms of time as well as financial resources is employee turnover. Sourcing the right candidate for the available position is a daunting task in itself. Having a low attrition rate is something which every organization would want to have. It has now been established that the employee referral program is one of the best suited solutions to reduce the employee attrition rate. There are several reasons that perfectly fit the bill.

Perfect Match – Both ways

For a successful long term relationship, not only should the employee be right for the job, the job too has to be right for the employee. By making use of the employee referral program the human resource comes in contact with only those candidates who have already been filtered by their existing employee. This means that, they share certain characteristics that are similar to the employee, which is why the recommendation in the first place. This goes to show that not only does the employee find his referral suitable for the job; he also finds the job, company and culture suitable for the candidate.

Employee Referrals for stronger foundation

A candidate who has come through an employee referral wants to be a part of the organization knowing the kind of work environment he would be put through. This eliminates the trial and error phase when a new recruit is still trying to figure out whether or not he can see himself in the organization in the coming few years.

Company matters

Research points out that the best source for external hires is through the employee referrals. The existent talents in the organization can share the open job opportunities with able people in their network and refer the suitable candidate for the particular opening. Since the candidate would be coming through a reference, they would want to ensure a healthy and long term relationship so as to also maintain the goodwill of the referrer in the organization.

Healthy environment

Having a known contact from ones social circle helps bring in a cheerful environment at work for both, the employee as well as the recruit. Work would be fun as well. Research states that people who enjoy going to work, regardless of the reason tend to stick around with the job for a longer time.

Tapping this win-win situation

The employee needs to be motivated to go ahead with the employee referral program. The motivation and employee referral engagement can come in the form of monetary / non monetary compensation or even by involving the employee in the referee’s entire selection process. The best way however is to tap the social circle of the employee, this can be done by integrating social media recruitment in the referral scheme of the organization.

Socially intelligent employee referral tools such as ZALP makes the process of referring for employees as simple as a click of a mouse. The advanced social media capabilities of such tools enable organizations to leverage the entire social platform to get quality referrals through its own employees. Social media recruiting is made simple for recruiters by tools such as ZALP while at the same time simplifying the referral process for employees.

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