| Topic : Employees Entangled In The Corporate Web.... |
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Posted in Community :
HR Professionals
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Activity:
63 views;
last activity : 04 18 2011 20:05:37 +0000
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Possibility for Quality Recruitment
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Mutual Trust
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This is going on EveryWhere
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Reasons are- Cost saving, Checking attrition rate, Best talent match with the profile
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The Buck Factor
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3 reasons I can think of..
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you get a vouched employee and exp of such people are more functional realted.
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Ready talent available
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Positive results make them do so
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It takes two to tango !!
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It improves the selection process
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Retaining present employees and friendly and easy learning environment for new ones plus saving cost and time!
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Retaining present employees and friendly and easy learning environment for new ones plus saving cost and time!
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my idea
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Organizations mostly prefers the reference of the in house employees as they drives the organization well. They feel much responsible in refer a candidate into a job.
It can helps of quality recruitment.
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No supporting Arguments for this idea
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Why IT companies... most of the private sector jobs prefer referrals than consultants. Anybody coming through a known source is always better. A known devil is better than an unknown angel.
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This is not applicable for IT companies. Everywhere it is going on Otherwise consultancies will not be in this country. |
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by
mun jas, IT consutling & network architect
| 12 14 2010 10:19:48 +0000
Tis only on paper and a small persontage .... acutally tis like IJP where u look for internal referal ....If u count in numbers, as I said its a small portion of the overall people that actually get shortlisted and finally join an organization with referals... If tat wasn't the case we wouldn't hv walkins even today for middle senior level positions also
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Cost Saving- is being done by not paying high fee to consultancies, though company spends money for referrals it is less than any consultancy fees.
Checking attrition rate- In referral policies company always pay their employees after a year, which holds both referral and those who has referred for a longer time.
Best talent match- An employee always understands better about his profile and his friends profile, unlike any consultancy which has comparatively lesser understanding about a person seeking job.Therefore, referrals can fetch the best match for the required job.
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The person refering a new employee, in case of referred hiring, acts as a punching bag for Company in case the new recruit turns bad. Plus the new recruit can be put onto an extra pressure from two sides, the system, and the Referer. Moreover, the new recruit comes with an accountable trustworthy backup employee working already with the company.
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1. Your existing employee knows what you are looking for in a suitable candidate better than most job consultants
2. Cost per hire is much lower
3. Companies can't rely on a few consultants. The business demand pushes them to try all avenues and obviously referral is one of them.
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Initial background screening is not required, trusted resource.
The referred resource is more technically realted with the requirements - So high potential to get "perfect match" at times
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Today organizations and HR honchos at tech firms, hiring through referral schemes means less trouble and an opportunity to hire ready talent. As referrals will be their friends or relatives who are working in some other company or just finished their college and organizations do not need to worry about the candidate regarding their background as its a referral by their own. And finding quality candidates by campus placements is very low, and one needs to train them and attrition is more, if referral is done attrition will be very less, and quality employees are an asset to any organization. |
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The quality is better, cost is cheaper and speed in getting a right person, through referral is also very good. When Q C D is good, naturally any one will prefer. My personal experience with the consultants is bad. They just demand money and forget about quality. Time schedule they meet, but quality is at large. By referral I am happy, the salary is also just half.
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No supporting Arguments for this idea
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1. It helps in reducing attrition rate as employees create for themselves a self sustaining ecosystem. 2. Someone who is referring, indirectly takes the responsibility of validating the suitability of employee for that post and thereby reduces half the burden of HR. 3.It fosters confidence of the employee as he is given significance in company building process. 4.It derives high level of perfection in selection process as invariably each employee is hand picked and scores over the typical mass rejection/selection recruitment. |
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No supporting Arguments for this idea
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When large number of appointments have to be made and the field is vast, referrals do help in selection process.
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Retaining present employees and friendly and easy learning environment for new ones plus saving cost and time!
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Well IT companies are again emerging out of severe financial crises and they have pretty good demand for more employees in future plus they may have to increase monetary and non monetary benefits to them as the competion for retaining talent will increase. So referrals help to motivate current employees and help to increase their belonginess to a company. Company may also save time and resources by referrals since they dont have to recruit more by conducting campus placements, advertising etc etc..........thanks
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No supporting Arguments for this idea
Retaining present employees and friendly and easy learning environment for new ones plus saving cost and time!
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Well IT companies are again emerging out of severe financial crises and they have pretty good demand for more employees in future plus they may have to increase monetary and non monetary benefits to them as the competion for retaining talent will increase. So referrals help to motivate current employees and help to increase their belonginess to a company. Company may also save time and resources by referrals since they dont have to recruit more by conducting campus placements, advertising etc etc..........thanks
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No supporting Arguments for this idea
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The MNCs wants good professionals. the company thought that good employ put the efforts to the organisation build the growth the company.
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No supporting Arguments for this idea
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