2. Hiring is expensive
$ 4,000+
For American Companies
-- Source CFO News
£ 4,500
For British Companies
--Source: CIPD Annual Report
3. Cost of Hiring – Conventional Methods
Hiring Channels
USA
UK
Resume Database
Access
$ 8000 / Year
£ 6000 / Year
Recruiter
Compensation Cost
$ 50,000 / Year
£ 25,000 / Year
Agency Cost
15-20% of
Compensation
15-20% of
Compensation
Job Posts
$299 / month
£ 299 / month
4. Cost of Hiring Channels
High
Employee
Referrals
Recruitment
Agency
Resume
Database
Access
Quality of
Applicants
Job Posts
Low
Direct Applications
Low
High
Cost of Hiring
8. Your Jobs
Wisestep Referral Hiring Platform
Employees
1
Referrals from
Employees
Social
Networks
Website
Visitors
Wisestep
Community
2
3
4
Referrals from Non Employees
CANDIDATES
10. Your Jobs
Wisestep Referral Hiring Platform
Employees
1
Referrals from
Employees
Social
Networks
Website
Visitors
Wisestep
Community
2
3
4
Referrals from Non Employees
CANDIDATES
11. Employee Referral Stats
25%
Hires through Referrals in Best in Class
companies
50%
Reduction in hiring cost as compared to hiring
through an agency
<5%
Percent of employees that participate in a poorly
run employee referral program
12. Traditional Employee
Employee Referral
Referral
Enabled by Wisestep
• Sharing and Referring Jobs is
tedious and challenging
• Share Jobs on email, Social networks
in Seconds . Even upload a CV.
• Managed on email and excel
• Employee Referral is embedded
with your Careers section. Jobs are
easy to find
• Tracking and Reporting of Referrals
is infrequent and often not
accurate
• Status Updates to Referrers is not
regular or accurate
• All Tracking of Referrals is
automatically done
• Real time and Transparent reporting
to Referrers
Benefits
1. Reduce Hiring cost by up to 50%
2. Increase Number of Referrals and close more positions from Referrals
3. Reduce Employee Attrition
14. Your Jobs
Wisestep Referral Hiring Platform
Employees
1
Referrals from
Employees
Social
Networks
Website
Visitors
Wisestep
Community
2
3
4
Referrals from Non Employees
CANDIDATES
15. Job Seekers on Social Media
88%
Jobseekers have at least 1 Social Media profile
130
Average number of Friends of a Facebook User
1 in 6
People credit Social Media with their current
Job
18. Your Jobs
Wisestep Referral Hiring Platform
Employees
1
Referrals from
Employees
Social
Networks
Website
Visitors
Wisestep
Community
2
3
4
Referrals from Non Employees
CANDIDATES
19. Website Visitors : Source and Statistics
30%
Visitors to websites are Job Seekers
25%
Increase in Job Applications after integrating with
Plugins like “Apply with Linkedin”
$0
Cost of getting Job Applications from your
website
20. Your website address is advertised and
published everywhere including
•
•
•
•
Product and its Packaging
Sales Brochure, emails
Ads – TV, Media, Print, Internet
Ton of other places
Your sales and advertising budget already
generates visitors to your website. Use this
stream of website visitors to generate
Referrals.
24. Your Jobs
Wisestep Referral Hiring Platform
Employees
1
Referrals from
Employees
Social
Networks
Website
Visitors
Wisestep
Community
2
3
4
Referrals from Non Employees
CANDIDATES
25. Wisestep Community
5000+
Independent Recruiters and
Professionals that Refer Candidates to
Open Positions
50%
Reduction in Hiring cost of a Referral as
compared to an Agency Hire
$2 MN+
Total Referral Rewards on offer
27. Putting all the Referral Channels
together to
Reduce Cost
Save time
28. Wisestep Referral Hiring Platform
Employees
Social
Networks
Website
Visitors
Wisestep
Community
1
2
3
4
Benefits
Benefits
Benefits
Benefits
1. Reduce Hiring
cost by up to
50%
1. Social Media
Sharing costs
$0
1. Cost of Job
Applications
is $0
1. Reduce Hiring
cost by up to
50%
2. Increase
Referrals and
close more
positions
2. Reach up to
500,000
People in
seconds
2. Get a Careers
page in 10
Minutes
2. Get Leads and
Referrals
Quickly
29. Give your Employee Referrals the Extra Edge and Reduce your
Hiring cost by
Up to
30. Call us for a free consultation to help
you reduce cost and save time
Contact us on: sales@wisestepmail.com
US : +1 201 604 3490
UK : +44 207 096 0677
India : +91 40 6514 1680