JOB-SEEKERS ARE THE DOORS OF YOUR HIRE POWER

GIVE A REAL BOOST TO YOUR JOB ADVERT ADDING A REWARD FOR CANDIDATE REFERRALS.

CANDIDATE REFERRAL REWARDS FOR EXTERNALS (JOB SEEKERS / INDEPENDANT RECRUITERS / RECRUITMENT ASSOCIATES)

Employee referral programs have emerged as a breath of fresh air. Imagine opening Cash Rewards to any person external from your company - It’s like opening the gate to “Bounty Hunters” for Rewards by referring the right candidate.

Immediate Benefits : #1 Cost Efficiency #2 Speed of Hire #3 High Quality of Candidates #4 High Applicant to Conversion Ratio #5 Improved Retention Rates #6 Less Administrative Pressure #7 Quick Turnaround Time #8 Positive Corporate Culture #9 High on Diversity.

The first people concerned might be your own employees interested to earn the bonus, they will share the job and try to refer someone they know (All the beauty of Recruitment by Referrals creating a strong cohesion, motivation and all the benefits to your HR Brand).

In addition to your employee or any job-seeker, Highventures’ Recruitment Associates might work fast and furious to earn the reward or your job. It’s like having an army of Referrers sharing your jobs and striving to refer the right candidate. 45 days for a single job advert is more than enough to spread your job offer, adding a cash reward or some “bonus/prices” to give it a boost. Your hiring decision will be much more easy.

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REGISTER AS A JOB LISTER, LOGIN TO YOUR DASHBOARD & PLACE YOUR REWARD ON EACH JOB ADVERT YOU PUBLISH ON THE CANDIDATE REFERRAL BONUS | CASH REWARD Field

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YOUR EMPLOYEE ARE THE KEYS OF YOUR HIRE POWER

CANDIDATE REFERRAL REWARDS FOR INTERNAL EMPLOYEES

The reasons why so many companies are seeing a drop in engagement are because the chance of winning a reward is just too low, and because typical employee referral programs today have a lag of 4-5 months from the day a candidate is referred, to the day the referral reward is distributed. This structure lacks incentives and leaves employees with the feeling that their referrals have disappeared into a black hole.

The solution? Create a program built around multiple channels of recognizing employees, including incentives for quality referrals, as well as rewards for successful hires.

1) Provide Immediate Recognition

This recognition is a form of positive feedback, and will leave your employees feeling appreciated, which will further encourage them to keep participating on your Candidate Referral program. Hence, it will give you a constant flow of candidate referrals.

2) Reward Quality Effort

Rewarding quality effort is a key to make sure you are receiving high quality candidates. One way to do this is to distribute points based on different actions that your employees take. Make sure to differentiate “points” given out so that you reward quality over quantity. A detailed Referral Program should be built and easily managed, linked into your career website or via a CRM. It will allow you to keep in touch with your “bounty hunters” and contact them as soon as you have another job to promote.

3) Create Friendly Competition

Friendly competition is fun and exciting for everyone, plus it can encourage teamwork within your company. Creating competitions within your referral program will greatly increase participation, as it will allow employees to work towards a common or individual goal and will encourage job-seekers to be a part of it. Even a simple random bounty hunter willing to earn rewards would be more enthusiastic to promote your job (company) to the friend he/she will refer.

The Reward can be delayed until the end of the probationay period of the hired candidate who has been referred. Meanwhile, here’s some “non cash” Rewards and Recognitions” that can be more effective than any money. ( A sincere word of thanks costs nothing and is very effective | Post a thank you note on their door in their honor | Write about them in a company-wide email | Give a long-lunch, extra break, or leave early Friday | Honor them at the start of the next staff meeting | Post a “thank you” sign in the lobby with their name on it | Gift them flowers, a book, or other small gift | Invite them to a one-on-one lunch…

Don’t be afraid to get creative, the more effort you put in, the more you will be rewarded. The key to keeping participation levels high is creating different incentive programs that quickly recognize efforts. Giving your employees the satisfaction of ongoing rewards and different incentives will keep your referrals at an ultimate high level!

Referral Rewards