There is no stronger tool in recruiting than employee referral programs (ERP), claims John Sullivan, a world-renowned consultant in the field of human resources and current professor of management at San Francisco State University.
In his article on ere.net Sullivan formulated the most important ERP benefits to help HR professionals promote this type of recruitment management to the leadership of their companies. He divided 30 specific benefits into two categories. We bring you a brief overview, you can read the original article describing the benefits closer below (the "Source" link).
Benefits for the company
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Higher quality candidates,
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higher quality hires,
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higher impact of the hires on specific areas of the company's business where it is most needed,
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less time lost by managers,
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easier involvement of new hires into corporate culture,
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lower rate of terminations,
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higher retention rate,
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ability to recruit quickly,
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faster productivity,
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higher degree of diversity,
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wider global range of recruitment,
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indicator of the current employee morale,
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wider staff development.
Benefits for the recruitment function
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Immediate results,
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low risk of failure,
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greater recruitment efficiency thanks to the involvement of social networks,
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stronger employer's brand,
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fewer legal problems,
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less time required from recruiters,
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wider net for selecting candidates,
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targeted referrals,
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employees' interest to participate,
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long-term positive impact on recruitment,
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ability to attract a large number of employees,
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lower costs,
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better PR for your company,
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ability to find quality candidates for senior positions,
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better recruitment of graduates,
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greater recognition for the role of recruitment in the company,
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support of the vendor community in the area of referrals.
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