As the war for talent continues to heat up, recruiting is in the spotlight. Indications are from the 2017 LinkedIn Global Recruiting Trends survey that most talent teams will not be expanding. Yet they will have higher quotas and increasing scrutiny on quality of hire.
Smart companies are turning to employee referrals as the best source of quality candidates. When employees refer a candidate, their reputations are on the line. An engaged employee is an influential ambassador of your company brand, and they know from the inside what it takes to be successful in your organization. Moreover, employees risk their reputations when they refer prospective employees.
LinkedIn’s recent survey of over 4,000 recruiting professionals shows they regard employee referrals as the best source of quality hires.
SuccessFactors Employee Referrals makes it easy for employees to add people they know to your candidate funnel. Once Employee Referrals is provisioned for administrators, they can configure job postings to allow referrals directly from the job list and to control visibility throughout the process.
An employee can use LinkedIn and Facebook contacts to initiate referrals, or they can use the automatic email notification to invite the candidate to apply.
Configure your requisition to capture and track referral bonuses.
Employees can track their referrals and payouts on the Careers page.
SuccessFactors provides a referral report to track referrals and payouts so you can analytics the cost-effectiveness of your referral program.
If employee referral is your best source of quality candidates, it may make sense to try referral bonuses to improve new hire retention and quality of hire. Give it a try and let us know how it goes.
Whitaker-Taylor is a full-service SAP SuccessFactors Consulting Partner. For more information, contact us at www.whitakertaylor.com
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