How it works

Employee referral programs are well-structured, internal recruitment channels for companies that leverage the extensive network of their current workforce to find top-tier candidates and hires for the vacancies. These programs are thoughtfully designed to encourage your current employees via a rewarding process to refer high-quality candidates for your open positions via employee referrals. The aim? To make your recruitment process smoother, quicker, and more efficient.

Here’s the rundown of the benefits of recruiting with referral programs:

• Enhanced Employer Brand: An employee referral program strengthens your reputation as a trustworthy employer. Your current employees become your brand ambassadors, attracting talent who resonate with your company culture. 
• Streamlined Referral Management: Employee referral programs help you structurally manage all incoming referrals and seamlessly incorporate them into your application process, ensuring all potential candidates are considered and no one falls through the cracks.
• Quality and Culture Fit: Employee referrals yield not only high-quality and culture-fit candidates but also ensure outreach to passive talents.
• Lower recruiting costs and time-to-hire: Companies with employee referral programs report that the time-for-hire for referral candidates is 30% shorter than for candidates from other recruiting channels. 50% of companies also state they are saving on recruiting costs with their employee referral program. 

Digital referral tools help you automate and streamline your application process, feedback loop, and reward payouts, making your entire referral process more efficient, accessible, and engaging for your Talent Scouts and recruiters.

Here’s how Radancy’s Employee Referrals feature set helps you structurally organize and manage your employee referral program:

• User-friendly interface: Radancy’s solution is intuitive and easy to navigate. It seamlessly connects with your social media channels and includes a handy mobile referral app for your non-desk employees.
• Seamless application process: It seamlessly integrates with your Applicant Tracking System, ensuring a smooth and cohesive recruitment process in both tools. 
• Instant notifications: Radancy’s tool includes a well-structured automated feedback loop with instant notifications on the status of referrals.
• Real-time performance tracking: You can easily track the performance of your referral program with real-time traceability of referral data displayed on comprehensive statistics dashboards.
• Reward Shop: To keep things entertaining, Radancy provides a gamified reward shop that engages Talent Scouts within the referral process.
• Compliance and data privacy: Radancy’s referral software is fully compliant with European GDPR standards, and it offers customization options for data privacy to meet your enterprise’s specific compliance requirements.
• Comprehensive support: Radancy goes the extra mile with recruiters’ training and strategy workshops on the software functionalities and use. We then help you stay on track for the success of your referral program via regular performance calls and hosting customer workshops & webinars.

Radancy’s Employee Referrals effortlessly integrates with your applicant tracking system, offering a seamless recruiting process for employee referrals. But how does it work in detail?

• Automated job postings: All job requisitions and postings created in your ATS can be effortlessly imported and published into Employee Referrals with a one-click solution. You maintain complete control over which jobs get posted.
• Synchronized application process: When the referral has been accepted, or a candidate has applied for the job via Radancy’s Employee referrals, the entire candidate journey is meticulously tracked and mirrored in both tools. From the initial application creation to the final stages of the recruitment process, when the referral has been hired or closed, all progress is seamlessly updated in real time.
• Reward payout: The reward payout is linked to the hire/start date recorded in your ATS, and recruiters receive timely notifications about payout due dates. The report on approved rewards and due dates will be available then in Radancy’s Employee Referrals.

With Radancy’s Employee Referrals, your entire referral process is streamlined, ensuring that your recruitment team can focus on what they do best – finding the best talent without the unnecessary distractions of managing the process in two tools. Check all our integrations here.