Employees hired by a referral tend to stay on the job an average of 2.5 times longer than employees hired through career sites. It’s time to fully optimize your employee referral efforts.Let’s have a conversation
Having an employee referral program is one thing, but if it merely checks a box, it’s not working effectively. You’re likely struggling with the process of employee referrals being complicated, the procedure is possibly miscommunicated or not communicated at all, and the incentive to drive employees to refer to your organization may not be motivating—or motivating enough for them to think of you when they think of a “great place to work.”
46% retention rate for referred employees vs 33% for other employees.
Employees hired through referrals are typically onboarded 55% faster.
82% of employees rated employee referrals return higher overall ROI.
It’s a win-win hiring channel. Employee referrals can be one of the best avenues to gain employees like your very best, reduce hiring and applicant search expenses, increase retention, improve overall workforce productivity, and raise confidence in the level of hiring quality candidates who will work harder, care more and stick around.
One thing is certain—optimizing or implementing an employee referral program is well worth the time and investment, and neither of those things need to be massive, in fact, we’ve made both quite simple by minimizing your effort but maximizing your results.Learn more about Text2Refer