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Let’s start with the fact that employee referrals are your best source of hire. They produce better quality candidates, better retention and better performance than any other channel. Now let’s look at what a successful Employee Referral program requires. The synergy between us is both powerful and pragmatic.
In 2023, the top recruitment metrics to track include time to hire, cost per hire, quality of hire, applicant sources, candidate experience, diversity and inclusion, and employee retention rate. Tracking the metrics can help companies evaluate the effectiveness of their recruitment strategies and identify areas for improvement.
To capitalize on your employees’ network, bolster employee-referralrecruiting programs at your organization, including a deliberate message about the business need for a diverse workforce and the importance your company places on diversity referrals. Promote your ERGs Early Don’t wait until the onboarding stage.
Bringing onboard a diverse workforce enhances your decision-making process about 87% of the time. Current challenges with diversity recruitment Diversity recruiting allows you to build a strong and talented workforce while eliminating discrimination. Job seekers value and appreciate companies that promote diversity.
Offboarding doesn’t get as much attention as onboarding , but it should. Just like onboarding, your exit process should be strategic, data-driven, and integrated with the rest of your talent system. Remember that other employees note how their colleagues are treated, so careful attention is important for retention purposes too.
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