The annual recruitment in companies seems to be an old story that continues to be carried out when there is a need, but there is not much to discuss further. However, in today's competitive reality of talented human resources, how to attract and retain talent is not easy, but requires a lot of effort and appropriate strategy from the recruitment department. use.
Among many current recruitment channels and methods, the Talent Referral program is being evaluated as bringing many positive effects thanks to the following outstanding strengths. .
1. Promote recruitment quickly to an abundant source of candidates
Imagine, if the company currently has 100 employees and each employee of the company has 150 friends, the chance that the job announcement can spread to 15,000 people. An impressive number and it would take a lot of time and money to carry out a traditional recruitment advertising campaign. However, with Talent Referral, any recruitment information sent from employees to their friends can be done as easily and quickly as a blink of an eye through sharing via social networking sites or lists. desired email book.
2. Candidates who match the basic criteria
With the advantage of having friends who are internal employees, candidates applying through Talent Referral all know in advance and understand the requirements of the job and the company's cultural environment, so they usually basically meet the initial criteria. head. This not only brings a competitive factor to candidates, but also significantly helps the recruitment department save time in screening resumes and cross-checking before the interview rounds. The opportunity for a bright candidate to "reveal" through referrals from internal staff can be said to be quite high, accounting for more than 20% and even 30% compared to other recruitment channels (according to TalentLyft).
3. Shorten the recruitment process
Through the internal introduction of candidates, the recruitment process shortened quite a lot. According to statistics from Theundercoverrecruiter, the waiting time for candidates applying through Talent Referral to start work after being recruited is shortened to 55% compared to candidates applying through career portals. If a normal candidate takes an average of 40 to 45 days to receive a job, candidates from Talent Referral only need an average of 20 to 29 days. This is really a good sign for positions that are in urgent need of additional personnel!
4. Time saving goes hand in hand with cost savings
The shortened recruitment process not only saves time but also saves a lot of costs. Besides the recruitment department can reduce the effort in searching and screening resumes, Talent Referral is a program that optimizes the cost of recruitment activities by paying for referred candidates only when they are recruited. Therefore, the recruitment budget is spent more effectively than other recruitment channels in that the money spent is sure to ensure the right candidate for the vacant position.
Some industries are encouraged to use Talent Referral because they always need a large number of candidates as well as the market's demand that constantly requires additional personnel, such as Sales, Marketing, Customer Service. and Engineer.
