7 steps to empower your Employee Referral program

7 steps to empower your Employee Referral program

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Referral programs are increasingly becoming popular among companies today with the hiring rate ranging from 30% to 40% of the talent hired. The fact that referred employees have higher retention and lead to higher employee engagement has made employee referral programs a high priority. Putting together a successful referral program can be complex and time consuming, but remember, it can also reduce your hiring lead time and cost by approximately 60%! Here’s a 7 step approach which can help achieve successful employee referral program. Prioritize Jobs. Good employee referral programs ensure jobs are prioritized and they are marketed to the employees. Prioritizing those positions and asking employees to refer increases visibility of the jobs among employees and their chances of referring thereby influencing the probability of hiring right talent. Define rewards. Draft a clear structure of rewards and benefits associated with the program. Lay down the structure to circulate gifts

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What MyParichay gives you that other job boards don’t?

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If you are a fresher right out of college and did not get through campus placement, finding your first job can be stressful. Especially in the current economy where employers are cutting down on hiring. (If you got a job or an offer, hearty congratulations! Read on to know how you can help your friends who don’t have a job yet.) Fresher or experienced, you have most likely uploaded your resume to leading online job boards like Naukri or Monster. Some of you have also looked up several niche forums like hasgeek, chetanasforum and other smaller job boards. You are constantly applying for jobs of interest. For the first few days you are happy that so many recruiters are looking at your resume and your hopes of finding a job soar. You may even get a call from a few recruiters verifying your credentials and CV. A few weeks pass

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Job Referrals: How to find your next job through a Facebook/ LinkedIn friend

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Tips for Asking for a Job Referral A job referral can be the best way to get your resume to the HR desk of any company. When you are referred by a friend working in that company, you stand a better chance than all the other resume’s sitting on the desk of the recruiter       Did you know? It’s even better when the person referring you for a job can take a couple of minutes to personally refer you to the hiring manager. Monica Trehan, AVP Genpact India says “Genpact is actively searching for suitable candidates who are connected to our employees on their Facebook network”…. and for good reason/ Research shows that ‘referral’ hires not only stay longer in their jobs but perform better over the long term. Anytime you can get your application tagged as ‘referral’, your chances of getting to an interview sky rockets.And getting

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2012 MyParichay India Job Seeker Survey is out

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Center for Talent Research, on behalf of MyParichay and Shine.com, conducted a nationwide online omnibus survey of 6,740 individuals who are part of the Indian workforce.

How your employee referral program can turn good employees into great recruiters!

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MyParichay is focused on connecting talent with opportunities at a massive scale. Employee Parichay™ connects companies with the best talent resource they have – the thousands or millions of people their employees already know. Employee referral programs are one of the most effective ways to hire and the leading candidate source by volume. Referral hirestypically perform better, stay in their positions longer, and even cost less to hire. However, most referral programs aren’t as effective as they could be. To make a referral, an employee must: Be aware of open jobs. Hiring needs constantly change, and some companies have tens, hundreds, or even thousands of open positions. How can an employee help fill a job she doesn’t even know is open? Identify a good candidate. Most people think about only a fraction of their networks on a regular basis. How many talented professionals do employees overlook just because they aren’t

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