Is your recruitment software the best software in the market?

There are many recruitment software available in the market. However, to scale out the best recruitment software. The recruitment process has many layers. Choosing the right employee for the organization is not a piece of cake. Organizations tend to opt for referral policies. Proceeding further, let’s take a tour on how referral policy play an imperative role in recruitment and how the best fit recruitment software beds this policy:

Why do we need an employee referral program?

Each organization provides a platform to the employees to refer their friends for any job post that is vacant in the organization. The employee who refers is aware of these programmes and even receives benefits once referred.

Why is a referral program in each organization imperative?

A study has shown that an employee referral program provides a healthy pipeline to recruit. The strategic hiring technique helps in building a healthy team. As the employee is aware of the work culture and the new addition in the team, when it's a known face, it becomes easier to work with. 

“At the other end of the spectrum were referrers connected only through social media, and we found that the strong connections were nearly three times as likely to result in a good hire than the online connections. 

“In fact, the online connections were no more likely to result in a good hire than people who weren’t referred at all.”

If an organization has not built a referral program yet, it's the right time. 

This sums up the definition of the referral program. Let’s list five reasons why considering referral codes for hiring new employees

If encourages the employees to refer new talent

There is research that proves that 88 per cent of the referrals are known for its highly qualified candidates. Referred candidates mostly possess higher stature of qualification than required. 

Consider this!

The organization has a referral program that rewards the employees. It becomes a win-win situation for all. 

so, 

When does the online recruitment software come into the picture?

Recruitment software plays an imperative role in recruiting, even without referrals. The recruiters once posted job descriptions and availability of vacancies online. Applications are bound to pour in. recruitment software is developed in such a way that it

• Filters the resumes in accordance with the required qualifications required for the designation. 

• uto updates the status of the application to the recruiter and the candidate. The selected candidates receive the instructions for the second round. 

• helps the recruiter to schedule virtual interviews and scale out the most eligible candidates for the role. 

• The recruiter can easily take up the onboarding procedure without any hassle. 

These are a few basic features that come along with the recruitment software. Each application has its own set of features. 

How does this application work for referrals?

Referring to an employee does not mean that the candidate that has been referred is selected wight away. 

Referrals denote that an existing employee knows an eligible person who can prove to be a greater asset to the team. 

Recruitment software segregates the application from the non-referrals one’s. This is because, if in case the candidate is selected the employee can receive his/her share of benefits assigned by the organization. 

Recruitment management software even notifies the recruitment team of the referral. Which in return fast tracks the hiring process. 

“According to a jobvite study, a candidate that’s been referred takes about 29 days to hire and onboard. If you find a candidate through a recruiter or on a job board, however, it will take an average of 39-55 days to bring them on board.”

A great step to ensure employee engagement

If an employee is entrusted with the responsibility in selecting the next hire, it is inevitable that the employee will feel more inclusive within the organization. It motivates the employee to invest in more efforts and build a healthy team together.