firstbird Management presentation

9
2014 Selected from 500 startups across 65 nations - Microsoft Ventures - 2014 Top 3 Austrian Startups - Trend@ventures - 2014 Winner of the HR Innovation Slam Audience Voting - Zukunft Personal – Recruiting for Pioneers.

Transcript of firstbird Management presentation

| firstbird1

2014

Selected from 500 startups across 65 nations

- Microsoft Ventures -2014

Top 3 Austrian Startups

- Trend@ventures -

2014

Winner of the HR Innovation Slam Audience

Voting- Zukunft Personal –

Recruiting for Pioneers.

Referrals are proven to be the most efficient recruiting channel!

Better ApplicantsVia referrals you increase your reach to passive candidates who are currently not looking for a new job. Moreover, recommended candidates have a better cultural and professional fit.

Recruit faster and cheaperOn average, 3 out of 7 referred candidates get hired.

More sustainableThere is a 15% lower probability that recommended candidates resign during their first year.

Corporate cultureIf referrals are successful, the loyalty of the “referrer" to the company increases and therefore has a positive effect on your corporate culture.

Our Objective:

We want to increase the number of hires via employee referrals.

5%* 10%*

50%

*Average number of hires which are generated via employee referrals:

No Employee Referral Program The Potential of digital Employee

Referral Program Manual Employee Referral Program

How referrals work in practice

Problems of manual Employee Referral Programs

No transparency & traceability

Referrers are not informed about the status of their referrals, which has a dis-encouraging effect on the referrer. Moreover, companies can`t track which employees are recommending candidates.

Money as sole motivator

Error-prone reward process High administrative time and effort

No information about open jobs

Referrers don´t get informed actively about open jobs. Therefore most of the referrers are inactive.

Only 10% of employees are motivated by money to refer candidates. Nevertheless, it is often the only motivator companies use

No usage of social networks

Employees often have huge social networks. A manual Employee Referral Programs does not make use of them.

Unclear rules and bad traceability of referrals lead to reward discussions and mistakes.

It is a high demanding task to manage an Employee Referral Program successfully.

firstbird solves these problems

firstbird is a digital Employee Referral Tool which motivates employees to refer more candidates and to share jobs in their social networks.

1. Employees get informed actively about new jobs.

2. Employees refer candidates and share jobs in their social networks.

3. Employees get automatically informed if one of their candidates apply.

How does firstbird work?

What’s the benefit of firstbird?

Employees get automatically informed via Email and in their newsfeed about the status of their candidates und the successes of their colleagues.

• The achievements of the employees get transparent.• Employees can compare how good they perform.• Special achievements, like the hire of an employee, are visible

for all employees.

Fully automated communication Playful motivation & competition

About firstbird

• firstbird is a start-up based in Vienna. firstbirdis supported by Microsoft Ventures and the EU Technology fund.

• firstbird is successfully implemented in 40+ companies in Germany, Austria and Switzerland.

• Our clients were able to decrease significantly the costs for headhunters and online job boards.

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