A well-structured Employee Referral Program is one of the best ways to generate new hires and helps increase retention, lower costs, boost morale, and essentially make the entire referral process easier. Here are the top 10 reasons why you should have an effective employee referral program. Zalp is the #1 employee referral tool which lets you effortlessly launch, manage and boost your employee referral program. Visit www.zalp.com to know more.

1. Top 10 Reasons
to build an effective
Employee Referral Program

2. The benefits of a well designed and
executed employee referral program
are innumerable, with some directly
measurable benefits and many
indirect benefits relating to better
employee engagement and morale as
well as higher retention rate.
Here are 10 top benefits of a robust
employee referral program which might
help organizations provide more support
and impetus to their referral program.
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3. 1.High Quality Candidates
The most immediate benefit of
employing a referral program is that
organizations get access to a pipeline
of high quality candidates resulting in
better quality of hiring and in turn a
more productive workforce.
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4. Higher interview to hiring ratio
A higher interview to hiring ratio is
possible as employees act as partners in
the process.
Since they are in the best position to sell
the job and company to the candidate
and satisfactorily answer candidate
queries, the conversion ratio is much
higher.
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5. Lower Cost per Hire
A very big benefit that directly impacts
the bottom line of organizations is that
the cost of hiring through referral is
significantly lower compared to other
traditional sources of hiring like external
agencies and job advertisements.
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6. Culture Fit
Since referred candidates are mentored by
the referring employees, they are able to
assimilate into the culture of the
organization faster and better.
This leads to more productive employees
who stay engaged with the organization
much longer bringing down employee
turnover and by extension reducing the
burden on the recruiting team.
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7. Global Reach
A big advantage of a referral program
is that it can be administered at a
global level enabling organizations to
maintain a global database of high
quality talent.
Incorporate social media in your
employee referral program to maximize
your reach.
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8. A well run employee referral program
increases the efficiency of the HR and
recruiting team.
Since employees are made partners in the
process of hiring, the burden of sourcing
and hiring gets shared among many
leading to higher and faster closure rate.
Recruitingmade easier
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9. A robust employee referral program can
go a long way in building and promoting
your employer brand within the talent
community.
As employees act as brand ambassadors
promoting the company and the job, they
indirectly help to create a positive brand
image for the company.
Employer Branding
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10. A major indirect benefits of a well run
employee referral program is that it helps
to build a pipeline of quality candidates
who do not fit the immediate
requirement.
These referred candidates constitute a
valuable pipeline available for immediate
capitalization for future openings.
Candidate Pipeline building
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11. Referral programs constitute a powerful
engagement tool as it empowers employees
to participate in the process of building the
organization with high quality talent.
A well communicated and implemented
employee referral program helps to keep
employees motivated and engaged with the
organization leading to a positive and
enabling work culture.
Employee Engagement
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Improved ROI
A robust employee referral program
helps an organization realize better ROI
on its investment both in terms of lower
cost of hiring, faster filling of open
positions as well as higher productivity
of referred employees.
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13. ZALP is just a click away (www.zalp.com)
Hope these reasons clearly highlight the benefit of employee
referral programs in organizations. If you need any help in setting
up your employee referral program,
You may also opt for a free consultation on improvingyour referral program
results. Our employee referral specialists would be glad to help.

14. For more information, visit
www.zalp.com
To book a consultation appointment,drop a mail to
info@zalp.com
You may also call us for any other assistance
1-866-217- 1267
The Employee Referral Booster