Employee Referral - Innovative Approaches without Referral Bonus

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Presented at the HREC (HR Excellence Center) 9th Recruiting and Staffing Conference and Showcase (July 16-17, Shanghai) http://www.hrecchina.org/_en/index_en.html The topic was on an innovative Employee Referral Program. I discuss where my company does not offer referral bonus but yet, consistently yield above average referral rates.

Transcript of Employee Referral - Innovative Approaches without Referral Bonus

  • 1.Employee Referrals MakingtheMost(Referrals) ofYourProgram iQoncept - Fotolia.com WilliamChin Director,APACStang 1Sunday, July 28, 2013

2. gow27 - Fotolia.com A recruitment channel to identify potential candidates by leveraging on existing employees professional and personal network A recruitment channel to source potential candidates from existing employees professional and personal network 2Sunday, July 28, 2013 3. laci619 - Fotolia.com The ORIGINAL Recruitment Social Network 3Sunday, July 28, 2013 4. Have a formal employee referral program www.careerbuilder.com blanche - Fotolia.com Career Builder: Referral Madness eBook 69% 4Sunday, July 28, 2013 5. hyunsuss - Fotolia.com Career Builder: Referral Madness eBook Rate employee referrals as the best ROI against other sourcing channels 82% 5Sunday, July 28, 2013 6. Zdenka Darula - Fotolia.com External hires are generated through employee referrals SHRM 2001 Employee Referral Program Survey. Sullivan, Dr. John; Advanced Employee Referral ProgramsBest Practices You Need to Copy 25-33% 6Sunday, July 28, 2013 7. www.careerbuilder.com stockyimages - Fotolia.com Rate employee referrals generate the best quality of hires Career Builder: Referral Madness eBook 88% 7Sunday, July 28, 2013 8. akiyoko - Fotolia.com OpEx 8Sunday, July 28, 2013 9. Tan Kian Khoon - Flotilla.com iQoncept - Fotolia.com Expectationof StangtoDeliver 9Sunday, July 28, 2013 10. Time to Fill Cost per Hire Sourcing Channels Diversity Hiring Experienced Hires to Target New Grad Hires to Target First-Year Turnover Quality of Hire Interviews to Offer Offer Accept/ Reject Rate Customer Satisfaction More... Creativa - Fotolia.com RecruitmentKPI 10Sunday, July 28, 2013 11. Advertising + Agency Fees + Employee Referrals Fees + Travel Cost of Applicants and Staff + Relocation Costs + Recruiter Pay and Benets Number of Hires Cost Per Hire picamaniac - Fotolia.com Cost Per Hire 11Sunday, July 28, 2013 12. freehandz - Fotolia.com Poor-Quality Candidates Long Fill-Time High Recruitment Costs Better Faster Cheaper Hiring Eectiveness 12Sunday, July 28, 2013 13. CaseStudy Weekly Newsletter Rafe Prizes Lunch with Leaders paylessimages - Fotolia.com Creativa - Fotolia.com Recruiter Networking w/ Employees 13Sunday, July 28, 2013 14. kraska - Fotolia.com Employee Referral Culture No Bonus Payments BU Leaders Involvement High ImpactProactive Recruiters 14Sunday, July 28, 2013 15. Budget NotaLot Cost Effective - High Impact Referral Budget $35,000 USD For the Region Agency Spend $550,000 USD For a single country 15Sunday, July 28, 2013 16. ReferralResults !"#$%&''( )'*'++,$-( ./0( 1%2(3%,+4-( 5/0( !"#$%&"'67( 89'6:&-(;.0( !""#$ !"#$%&''( )'*'++,$-(./0( 1%2(3%,+4-( ..0( !"#$%&"'56( 78'59&-(:;0( !"#"$ !"#$%&''( )'*'++,$-(./0( 1##$2'3(45( 625'-(780( !"#$%&"'59( 1:'5;&-(