If you’re trying to fill open positions in your company, you are probably already aware of how tight the labor market is. It’s true that top-tier candidates are not always easy to recruit. But you may be overlooking one of the most valuable talent sources of all: your own employees. Here is how an employee referral program can help you meet your staffing needs.
Leveraging Existing Networks
One of the biggest hiring challenges is simply finding the right candidates. But your existing team members already know them. Since they currently work for you, they are familiar with what it takes to succeed. And with their own reputations on the line, they won’t waste your time with candidates who aren’t the right fit.
Boosting Employee Retention
Asking your team members to provide referrals shows that you trust them and value their opinions. This gives them a stronger feeling of buy-in to the company’s mission and vision. In turn, they are likely to feel enhanced loyalty and job satisfaction, which can translate into stronger retention.
Saving Time and Money
When you start the hiring process from scratch, you’ll have to put a lot of time and money into everything from writing job descriptions to paying job boards for your listings. When you use employee referrals, you may want to incentivize workers to provide successful hires. But this investment is generally only a fraction of the cost of doing it all yourself. And because there is already a connection, the time to hire is generally much lower as well.
Improved Performance
People who are hired through an employee referral program generally want to make their friends look good. This means working hard and putting their best foot forward. They tend to naturally align with the organization’s values and work environment and hit the ground running on Day One.
Stronger Employer Branding
Job seekers today tend to care about company values. An active employee referral program shows potential new hires that your current team members are confident in your company. It also fosters a positive image of an organization that values its workers. This can strengthen your brand and make it easier to attract new hires even outside of your referral program.
Need some new talent?
Of course, your employees won’t always know the perfect person for each role. At Gem Care, we specialize in all aspects of manufacturing talent. Whether you need an expert in production, engineering, or the skilled trades, we are ready to help. We can also provide talent for professional and managerial manufacturing roles. If you need manufacturing workers in Greeneville, Jefferson City, or Knoxville, TN, contact us today to get started!