Employee referrals have always been the preferred sourcing channel for employers, and why not, referrals take less time-to-hire, are verified, and stay longer. In fact, top firms like Google, HP, and Distillery offer huge incentives for every referred candidate that gets hired. The incentives can range from a trip to Hawaii to a cool iPhone, yes you read it right.
As big MNCs pledge a certain percentage of diverse hires and the concept of Inclusion catches on, employers are now asking for diverse referrals from their workforce. Many companies have even partnered with dedicated employee referral tools that promise more reach than the traditional referral process. But do these tools work? Are they worth the investment? And most importantly, do they land diverse candidates? In this article we’ll tell you about the 5 best employee referral software in the market right now, and how impactful they really are for diversity recruitment.
One of the best referral solutions in the market, TalentDome allows you to get referrals from not just a user’s immediate network but also his/her social media accounts, email lists, and more. The software uses candidate-matching algorithms to drive large-scale referrals from silver & bronze candidates. By targeting people on the channel they spend time on (email, social etc.), it helps reach users who are not available on traditional mediums like job boards.
TalentDome also promises to remove any kind of bias from the selection process (gender, age, location etc.) as it solely relies on data to spot the right match. There are comprehensive reports available with this solution which means you can easily track the efficiency of every campaign and also adjust it real-time.
2) Role Point
One of the best referral solutions for managing internal employee networks, Role Point focuses on gamification to make the process engaging for the users. While for the HR department it offers a clean interface to track every successful referral, it also allows employee to track the status of their referred candidates in the recruitment pipeline. Like TalentDome, you can easily track the success of your campaign and calculate the success of your efforts through efficient reporting mechanism.
3) Employee Referrals
One of the earliest referral solutions, Employee Referrals lets you track both recruiter activity and employee engagement. This tools lets you reach the right employee with the right messaging. It allows employees to share jobs with their immediate followers and also track their progress in the pipeline. You can also track the efficiency of email campaigns run by the recruiter as well as track important metrics like resume received, submission-to-hire, employee engagement etc.
A great tool, Simppler uses machine learning algorithms to filter the best connections in your network that match a particular job order. It uses data to churn relevant insights and helps you target candidates with custom messaging. Even people who are not tech-savvy can easily find their way around this tool which is why Simppler is used by the HR department of many companies and staffing firms.
Refer-a-Gig integrates with your ATS and lets your create time-specific campaigns. It’s browser-based system and lets you manage all your referral campaigns within the ATS. Again, like its competitors, it offers comprehensive reports to track campaign success and also lets you see the status and feedback of your referred candidates.
Referral solutions are without a doubt one of the best ways to reach diverse candidates. With the technology to engage candidates and analyze campaign results improving significantly, it makes perfect sense to partner with any of the above mentioned solutions. Make sure you choose the tool that matches your requirements and budget, and helps you achieve your workforce diversity plan.