A Lower Cost-Per-Hire and Improved Employee Retention!
Companies today are looking for ways to hire the best people at the lowest possible cost. They are also looking for ways to retain their human capital. Most HR professionals agree that the best source of qualified talent is to effectively leverage their own employees. However, most organizations are not able to achieve the results they would like due to the time and resources required to keep a referral program dynamic and “top of mind” with employees. Organizations simply do not have the framework or personnel for extending a program beyond a small employee base. The market is ready for recruiting solutions that extend brand and culture by leveraging the corporate talent supply chain. Referral-Trac* can help you:
Lower your cost per hire:
If you can efficiently administer and manage your ERP, the costs are significantly less than traditional recruiting methods such as contingent recruiters, newspaper advertising, Internet job boards, campus recruiting and job fairs. Look at the numbers from a recent SHRM study.
ERM’s referral software offers the technology to increase the number of referral-hires to 50% or greater, significantly lowering your recruiting costs.
Referral-Trac* efficiently drives the referral process. The ultimate success of an ERP is directly linked to the efforts to increase employee awareness and drive participation in the program.
Referral-Trac* handles it all automatically. Referral-Trac* will recognize when a referral is made, communicate the rules and the associated awards employees can win, reinforce the corporate mission, highlight past referral award winners etc.,
What is in it for the employee? You can include any size cash awards, or assign unique gifts to each job. Awards are easily emphasized, changed or updated for your organization.
An ERP and the associated awards are a distinguishing employee benefit that your competitors may not offer. Investments (awards) establish real ownership with employees. These investments go towards reinforcing loyalty, company brand and culture!
Companies who implement Referral-Trac* technology will have a significant recruiting advantage over their competitors.