Did you know that Elvis Presley and Kevin Bacon share a network? They both worked with Eddie Asner! Personal networks are amazing for connecting professionals in similar fields. So it’s not surprising that employee referrals are the best way to get high-quality candidates. According to Dr. John Sullivan, 88% of employers cite referrals as the #1 best source for above-average applicants, so how can you increase company referrals?
"88% of employers said that referrals are the #1 best source for above-average applicants" (Dr. John Sullivan)
Automate Your Referral System
To increase the number of referrals you receive, you need to make the referral process as simple for your employees as possible. Filling out forms, following up verbally months later, or personally introducing someone are all barriers to you getting the best referrals for your company.
One step towards making your referral system easier is by creating a survey. You can use sites like SurveyMonkey to create an employee referral survey, asking the same questions you might ask in a job application plus a simple “who referred you?” at the end. A best practice is to share the survey link with your employees so they can forward it along via text or email. The survey also allows you to keep track of referrals based on the answers.
If you prefer to receive the referral directly from your employee, you can text or email a quick survey to your employees asking for the referral’s name and contact information. Then you can reach out to the referral yourself from there!
Tip: A great way to increase your number of quality referrals is to offer your employees a monetary bonus for their referrals that get hired! Try a stepped approach so that employees are incentivized to refer applicants for the long haul. $100 if they are hired, $100 after they are with the company for 3, 6, or 12 months.
Implement Referral-Specific Software
Not only can software help organize and speed up your hiring process in general, but a lot of software helps organize employee referrals as well. When it comes to blue-collar hiring, speed is everything. Referred candidates are 55% faster to hire, compared with employees sourced through career sites according to HR technologist. It is important to have your employee referrals organized, so you can reach out!
We can’t refrain from talking about software without giving a shout-out to Team Engine! Our software creates a survey for your employees to fill out when they have referrals. The software automatically texts your employees the link and does follow up reminders. From there, our software automatically reaches out to potential applicants for you, so when you’re ready, you have all the information you need. We help you speed up your hiring process, so you can continue to focus on all your other tasks.
If you want to automate your referral process right away, you can click here to speak with one of our software specialists. They’ll show you how easy it can be!