If you are not implementing an employee referral system in your company, you may want to give one some thought. Diligent, motivated employees typically surround themselves by likeminded people and statistics show it; referred employees have higher retention rates and increase employee engagement in their company. Well-designed referral programs identify top prospects that may not be in job search mode, require employees to assess candidates for skills and fit and sell them on the company and the position, and ultimately, can become your hiring department’s single-most powerful recruiting tool.

If you are still on the fence when it comes to launching your own employee referral program, consider the following benefits your staffing efforts could be reaping:

• Stronger employer brand. Your employees live their jobs each and every day. Because of this, what they say to candidates is viewed as much more authentic than messages on your website or job postings. Additionally, your current employees are a candidate’s best resources for information on the job, team, and management; combined, these traits are able to strengthen your employer brand while simultaneously increasing the percentage of prospects that are willing to apply to, and eventually accept a job with your company.
• Broader sourcing network. Your employees interact with similar professionals throughout the industry every day. This essentially creates a pool of qualified potential candidates for each employee in your company. The existing relationship and trust that your employees have built with colleagues in their networks makes it much easier for these employee contacts to be converted into prospective candidates.
• Fast, positive results. Referral programs tend to be quick and simple to implement with near immediate results. Despite fairly limited resources, employee referral programs almost always produce a positive ROI with an extremely low probability of failure. Typically, it is not unheard of for companies to double their percentage of referral hires within the first year of implementing an employee referral program.

In addition to being extremely beneficial, employee referral programs are easy to get started when you have the proper guidance from a staffing professional. With over a decade’s worth of experience in recruiting throughout the greater Jackson metro, Staffers, Inc. has the invaluable resources, skills, and intuition needed to create a successful employee referral program in any company. Contact the recruiting experts at Staffers, Inc. to get started on your employee referral program today!