Talent retention and acquisition is increasingly becoming popular in organizations. Companies to ensure that the best talent acquisition happens insist on using employee referral programme to poach the best talent available. However many internal employees are of just one perception, does it always really work.
However the trend happening in companies is that employee referrals are preferred for only experienced roles and hire on an average ten top potential referrals for every hundred interviewed for multiple reasons. So we can infer that referral hiring is an average medium to bring in top quality talent, as compared to job board search and social recruiting via the ATS (Applicant tracking), which continue to be the hot pick.
We have a perception that external hiring always holds good, as they produce good results in terms of hiring, but recruitment analysts opine that social media hires or job board recruiting is better when it comes to an efficient external hiring policy. It all comes down to not just hiring through a referral programme, but making sure that the “Referral programme” becomes a “Best Practice” and should focus on making the referral program more visible among remote positions.
Employee referral in certain situations breeds ego – slates between present employees and the new employees, as they presume that project-management roles will be taken over by the new hires. Hence Organizations are a bit apprehensive when it comes to Employee- referral programme.
Lastly but not the least, If you want a successful employee referral program, accept responsibility for managing the performance of the program. Never try to act in influencing factors and do what works best as the organizational climate varies from company to company. It has also been proved that a well-managed employee referral program can accomplish higher employee productivity and greater organizational profits. It’s all about implementing it and accomplishing it successfully.