Economic growth for the last six weeks
Economically, the United States has been recovering slowly from the long recession. Unemployment rates drop nationwide as new jobs come available. According to USA Today’s Paul Davidson, the housing market fares best overall with auto sales close behind and growth in manufacturing in spite of heavy storms that hit the Mid-West slowing the lumber industry. The fed reports growth of approximately 200,000 jobs a month so far this year.
The economy appears stable and employers are hiring at a faster pace. The pool of experience is deep, but with more jobs opening, it is time to secure the best team possible. Creating a cohesive, focused work environment is important and the trend for achieving the desired workforce is employee referral programs. myloweslife login
Employee referrals are vital
Employee referrals make up the largest source of new hires on the market today because referrals are:
- Less expensive than other sources
- Higher new-hire retention rate
- Incentives to the referrer
- Fits into the company cultural
The trick is getting the employees engaged and active in the new technologies available for referral programs.
The advantages of social websites
Social websites, like Facebook, are great resources to use for networking. Over 80-percent of the population use social websites to keep in touch with friends and family. They also use the internet when job hunting. Combining the two activities is a natural progression. Facebook can help get the most qualified applicant to take the next step toward employment with;
- Videos highlighting company culture
- Testimonials from employees
- Company insurance plans and other benefits
- The potential for growth within the company
Networking finds the best candidates, quickly. A job alert sent to employees involved in the employee referral program quickly nets text messages to people they know who need jobs. In an instant, word of the opening spreads to a large pool of qualified candidates. Multiplying this response by the number of social and job search websites available, the employee pool deepens immensely.
To sort through the pool, applicant tracking software comes into play to make the search less daunting. The software scans resumes and keeps those matching the position. It posts jobs on predetermined websites and job boards. The software also generates personality questions to narrow the field even more.
For specific qualifications, keyword searches will find friends and acquaintances with specialized skills the organization needs. The speed in which qualified candidates receive news of the job opening depends only on the speed of the network the cell phone uses.
Cell phones and tablets
Cell phone usage continues to rise nationwide and the trend will continue into the unforeseen future. All the major social networks have applications available to make networking possible on cell phones and tablets. Employees involved in the networking program will reach acquaintances spanning websites like:
Employees offered a referral bonus look deeper into their network to find the person best suited to the job. When employers pay $2000 and more to employees who refer the best job candidates, only the most qualified applicants get the job alert.