Referrals make the best hires: a fact that comes as no surprise to corporate recruiters. After all, it makes sense that the people closest to your best employees are also likely to be good employees. That’s why more and more forward thinking HR departments are trying to optimize their employee referral programs (ERPs) to yield a greater number of high quality referrals. Find some tips to take your ERP to the next level.

1. Why Employee Referrals?

2. Introduction
An employee referral scheme encourages a
company's existing employees to select and recruit
the suitable candidates from their social networks.
As a reward, the employer typically pays the
referring employee a referral bonus .
Thoughtfully implemented employee referral plans
are excellent ways to attract the best people at the
lowest cost.

3. What motivates referrals?
Based on a survey conducted by Referral Networks,
employees refer because:
1. 42 % of respondents wanted to help a friend
find a good job
2. 24% of respondents wanted to help the
company
3. 24% of respondents were motivated by a
reward

4. Why Employee Referrals?
1.Improved candidate quality, ‘fit’, and
retention
2.Reduction in Recruitment Expenditure
3.An opportunity to strengthen the bond
with existing employees

5. 1.Improved candidate quality, ‘fit’, and
retention
The relationship between the referring employee and
the candidate allows the candidate
1. to understand the culture of the firm
2. to assess his/her own likelihood of success at
that firm
3. to be better prepared to face interviews and
other steps in selection
Also there is a matching of expectations between
employer and candidate, resulting in increased level
of staff retention

6. 2.Reduction in Recruitment Expenditure
Even if incentives and rewards need to be paid to
the referring employees , there are cost savings for
the firm
Ex : Referral programs cost $800 for employees,
versus $3,884 and $1726 for print advertising, and
even more for agencies and executive recruiting
firms, according to the 2012 Employment
Management Association's cost-per-hire survey
The company’s human resources headcount can be
streamlined and be used more efficiently

7. 3.An opportunity to strengthen the bond
with existing employees
Referral programs acknowledge and reinforce the
company's commitment to rewarding the
individual for helping the company.
Additionally, an Ohio State University study shows
that employees hired through referrals have a
retention rate that's 25 percent higher than that of
employees hired through other methods.

8. About Zalp
Empowered with breakthrough features
that tap into the full potential of Social
Media and an extremely user friendly
interface, ZALP is every organization’s
perfect Social Employee Referral and Social
Recruiting Software.
ZALP helps organizations boost their employee
referral output by upto 72%
%

9. Why Zalp
7 easy and convenient ways to refer
The success of any employee referral program depends on one primary factor:
Employee Participation
ZALP gives employees not one but seven easy and convenient
ways to make referrals. This ensures increased employee
participation like never before.
ZALP’s social media integrated features make the referral
process for employees not only easy but also fun.

10. For more information,
visit
www.zalp.com
To book a free demo, drop a mail to
info@zalp.com
www.linkedin.com/company/za
lp
www.facebook.com/zalp03
www.twitter.com/zalptweets
You may also call us for any other assistance
1-866-217- 1267

11. Do you already have an
Employee Referral Program?
Get a personalized indexing report for your organization
that helps you benchmark your referral program against
industry leaders and understand key performance
indicators better.
Register now »
ER-i is the first ever initiative on employee referrals that brings together recruitment
leaders from all across the world to set the benchmarks of an employee referral
program.