Current employees hold the key to the perfect candidate.
The war for talent is accelerating and as recruiters continue to reach out to passive candidates, a good referral program is necessary to help get the right candidates to your organization.
Many organizations currently have a referral program but are dissatisfied with the results. McLean & Company finds that 63% of respondents have plans to optimize their referral programs in the coming year.
With limited time and an increase in open positions, many recruiters and talent acquisition specialists do not have the time to optimize their current program or don’t know where to start to fix the pain points.
Not knowing where to start for referral program optimization is common and is preventing companies from tapping into the potential an optimized referral program can offer.
Taking the time to set goals and track metrics can help to determine where the pain points are and narrow down the scope of projects to increase the effectiveness of your referral program.
Impact and Result
In order to determine pain points, the current referral program needs to be benchmarked against standards and areas for improvement identified.
A thorough understanding of the program goals and benchmarks will help determine prioritized projects to increase the success of the referral program.