1. 4 Important Factorsthat drivean
Employee ReferralProgram
4 Important
Factors that drive an
Employee Referral Program

2. 4 Important Factorsthat drivean
Employee ReferralProgram
Finding quality talent is imperative for the success of any business.
Employee Referral Programs have emerged as a great resource in generating
quality employees but merely launching a referral program is not equivalent to it
being successful.
INTRODUCTION

3. 4 Important Factorsthat drivean
Employee ReferralProgram
Here’s an overview of the factors that
drive a successful employee referral Program:

4. 4 Important Factorsthat drivean
Employee ReferralProgram
An ERP that does not tend to focus on critical areas, very often tends to lose
steam. It is fairly important to prioritize & focus on targeted jobs & positions to
ensure that employee efforts aren’t dissipated across a whole lot of jobs that can
easily be filled through other recruiting sources.
Most successfully running ERPs tend to focus on:
• Mission Critical Jobs
• Jobs that are hard to fill
• Positions that have a high success rate of being filled with referrals
Prioritization

5. 4 Important Factorsthat drivean
Employee ReferralProgram
While rewards drive an Employee Referral Program is now a given, successful
companies ensure that these rewards are relevant. Monetary rewards are of course
needed, however the fear in overdoing them is that the participation levels are
bound to fall if at any stage there is a need to cap them.
Along with monetary rewards, the following work best:
• Positioning the Employee Referral Program as a great way for Employees to
choose quality co-workers
• High quality hires will mean improvement in productivity, profits & hence
employee stock values and bonuses
Relevant Rewards

6. 4 Important Factorsthat drivean
Employee ReferralProgram
It will help the cause of referrals if more people are included into the ambit of the
program. Here are some thoughts on increasing the scope of the program:
• Allow Managers & HR teams to participate
• Expand scope of the program to non employees, namely business constituents
such as vendors, customers or even previous employees
• Companies like Booz Allen, even have a referral program that encourages
internal movements.
• Asking new hires on on-boarding for referrals is also a great way to pass on the
culture of the company that places great emphasis on employee referrals, to
new recruits.
Broadening the scope of the Program

7. 4 Important Factorsthat drivean
Employee ReferralProgram
An employee referral program that is integrated with social media features,
renders it easy for employees to share open positions with their social
networks.
Not only are you turning your employees but also their social media contacts,
into virtual recruiters.
With the ability to automate the referral process and have multi level referral
tracking, it is easy to identify star performers & reward them accordingly.
Integrating social media

8. 4 Important Factorsthat drivean
Employee ReferralProgram
A well-designed & highly visible
Employee Referral Program can
go a long way in revving up a
company’s recruitment strategy
and also strengthening its
employee base.

9. 4 Important Factorsthat drivean
Employee ReferralProgram
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