PRESS RELEASE

Employee Referral Programs Don’t Work

There is a mountain of global research that suggests employee referral programs are the best way to find great staff, lower the cost and time to hire and deliver high performing people who stay longer.

So why is it that so many companies in Australia have experienced poor results from their employee referral program and often shelved it all together?

Executive Recruiter and Entrepreneur Riges Younan has worked in the recruiting industry for over 13 years across 3 continents and he maintains that referrals really are the most powerful way to find great people.

The trouble, according to Younan, is that “most companies run their referral program in an ad-hoc way, with inconsistent communications, unstructured processes and systems that don’t give visibility of the rewards.”

“Most of the companies we have spoken to manage their employee referral programs via emails or on spreadsheets, the problem with this is there is no referral tracking, no rewards tracking and no notifications of due payments to the person paying referral rewards. The lack of feedback or information communicated to employees on their referrals is often the main reason why they are reluctant to refer jobs their contacts.”

In the same way, many recruiters know that they could source great candidates through referrals from their existing database, but they don’t have the tools and experience to make this happen. As a result, they keep having to source new people. In this candidate-rich market, that means a lot of extra work sorting through irrelevant applications rather than getting the quality people who come recommended through referrals.

To address these issues, Peerlo has just released Australia’s first web-based enterprise candidate referral platform called JobGenie. The system is as easy to use as a job board, allows unlimited jobs, referrers and candidates and lets HR and recruiters (in-house or agency) offer any rewards they like and get complete reporting. The system manages all of the communication and ensures timely responses and complete visibility for all referrers of how the referral process is progressing.

Using the system, HR/Recruiters and Referrers can request candidate referrals for jobs from their contacts via email and share jobs with their connections on popular social networking sites like Facebook, LinkedIn and Twitter. Users can track all of their referrals, rewards and ensure that the referrers and their contacts are appropriately followed up and kept informed about how things are progressing.

HR professionals and Recruiters can try the system for free at http://jobgenie.com.au