Employee Referrals: Boon or Bane

Employee-referral programs have been used for decades to fill about 30 percent of job openings. Your company may have an employee-referral program, but is it being leveraged to close positions quickly?

As reported by The Economic Times- “Leading IT companies like Wipro have doubled cash incentives for each new hire joining through internal staff reference from around Rs 20,000 paid earlier to Rs 40,000. Rivals Infosys Technologies and Tata Consultancy Services too are doling out more incentives to encourage those on their payroll to search for and bring in staff.”

Are you missing the big picture?

The recruitment scenario today calls for constant scrutiny of what’s going on the hiring front. HR heads and business owners are keen to know what’s lacking in their system and what’s working in their favor.

Following manual processes for recruitment makes it really difficult to keep a track of the hiring metrics. Managers have to depend on subordinates to send them daily, weekly or monthly reports to know how many candidates appeared for interviews, number of interviews that have been scheduled, open positions, time taken to close a position, etc.

How does Recruitment Software help in Safe Guarding against Data Theft?

One of the biggest worries that recruitment business owners have is that of data theft. Recruiters who part with the organization often move out with the candidate resume database to their next organization. This leads to large amount of data loss that has been collected by the organization overtime.

Recruitment Software – Measure, Monitor, Manage!

As Peter Drucker,"Father of Modern Management", has said,” What gets measured, gets managed!”, recruitment metrics when measured can be managed effectively.

Reducing time to hire and close positions quickly is very important in recruitment. To bring in real change, we have to measure which brings out the chinks in the armor. These loopholes have to be analyzed and taken care of as soon as possible. You should be able to know what your recruiters are working on, how many candidates appeared for interviews, how many joined and so on.

More than Just Resources, Hire Talent!

Corporates consider their employees to be the most valuable assets. Having a good talentpool adds great value to the organization. Their active contribution towards the productivity and profitability of the company is what determines business growth. They play a very important role in establishing the reputation of the firm to the potential customers as well as employees.