Why Employee Referrals are one of the best ways to hire !
Employee Referrals are one of the best ways to recruit.
Reasons are galore ! Read on find out more.
Benefits of Hiring through an Employee Referral Program
1. Less Expensive
Average Cost of hiring through Employee Referrals could range anywhere between 40 % - 60% cheaper than other channels of hiring
2. Quicker than other recruitment channels
Closure time is the essence of recruitment in current era. There is a marked average reduction in time by 20% - 30% when hiring through Referrals
3. Quality Hires
Although a tough parameter to measure, Quality hiring is an... Read More
Naukri Referral – Guide to New and Planned Features
Employee referral is a cost-effective way of finding the right talent through your employees’ network. Recruiters share open vacancies to their employees who in turn refer their contacts for these positions. Candidates referred by current employees are more likely to be aware about the organization’s culture. Also, research suggests that an employer is 7 times more* likely to hire a candidate coming through an employee referral than if the candidate applies through a non-referral route
*Source: Staffing.org, Sullivan associates, Career Xroads, Naukri Internal Research
Salient... Read More