turbo-charge your hiring with referrals
Post on 14-Sep-2014
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Wisestep helps you set up and manage all the sources of your referrals in one single place.TRANSCRIPT
Turbo-charge your hiring using Referrals !
$ 4,000+
For American Companies -- Source CFO News
£ 4,500 For British Companies --Source: CIPD Annual Report
Hiring is expensive
Cost of Hiring – Conventional Methods
Hiring Channels USA UK
Resume Database Access
$ 8000 / Year £ 6000 / Year
Recruiter Compensation Cost
$ 50,000 / Year £ 25,000 / Year
Agency Cost 15-20% of Compensation
15-20% of Compensation
Job Posts $299 / month £ 299 / month
Cost of Hiring Channels
Cost of Hiring
Low High
High
Low
Quality of Applicants
Recruitment Agency
Employee Referrals
Job Posts
Resume Database
Access
Direct Applications
Employee Referrals provide
• High Quality Candidates• Lower hiring cost
Unbeatable ROI
Wisestep helps you reduce hiring costand save time by managing
• Referrals from Employees• Referrals from Non Employees
All in one Place
Social Networks
21
Employees
4
Wisestep Community
3
Website Visitors
Non Employees
Wisestep Referral Hiring Platform
Your Jobs
CANDIDATES
Social Networks
21
Employees
4
Wisestep Community
3
Website Visitors
Referrals from Non EmployeesReferrals from
Employees
Leveraging Employees for ReferralsWith Wisestep
Wisestep Referral Hiring Platform
Your Jobs
CANDIDATES
Social Networks
21
Employees
4
Wisestep Community
3
Website Visitors
Referrals from Non EmployeesReferrals from
Employees
Employee Referral Stats
25% Hires through Referrals in Best in Class companies
50% Reduction in hiring cost as compared to hiring through an agency
<5% Percent of employees that participate in a poorly run employee referral program
•Sharing and Referring Jobs is tedious and challenging
•Managed on email and excel
•Tracking and Reporting of Referrals is infrequent and often not accurate
• Status Updates to Referrers is not regular or accurate
•Share Jobs on email, Social networks in Seconds . Even upload a CV.
•Employee Referral is embedded with your Careers section. Jobs are easy to find
•All Tracking of Referrals is automatically done
•Real time and Transparent reporting to Referrers
Traditional Employee Referral
Employee Referral Enabled by Wisestep
Benefits
1. Reduce Hiring cost by up to 50%2. Increase Number of Referrals and close more positions from Referrals 3. Reduce Employee Attrition
Leveraging Social Media for Referrals
With Wisestep
Wisestep Referral Hiring Platform
Your Jobs
CANDIDATES
Social Networks
21
Employees
4
Wisestep Community
3
Website Visitors
Referrals from Non EmployeesReferrals from
Employees
Job Seekers on Social Media
88% Jobseekers have at least 1 Social Media profile
130 Average number of Friends of a Facebook User
1 in 6 People credit Social Media with their current Job
Google+Wisestep
Linkedin Groups
Linkedin Profile
MORECANDIDATES
Benefits
1. Instant Sharing on Multiple Social Networks saves time
2. Reach up to 500,000 people on Social Media in seconds
3. Cost of Sharing on Social
Networks is $0
Jobs
Leveraging your website visitors for Referrals and ApplicationsWith Wisestep
Wisestep Referral Hiring Platform
Your Jobs
CANDIDATES
Social Networks
21
Employees
4
Wisestep Community
3
Website Visitors
Referrals from Non EmployeesReferrals from
Employees
Website Visitors : Source and Statistics
30% Visitors to websites are Job Seekers
25% Increase in Job Applications after integrating with Plugins like “Apply with Linkedin”
$0 Cost of getting Job Applications from your website
Your website address is advertised and published everywhere including
• Product and its Packaging• Sales Brochure, emails• Ads – TV, Media, Print, Internet• Ton of other places
Your sales and advertising budget already generates visitors to your website. Use this stream of website visitors to generate Referrals.
Email Signatures
Business Cards
Sales Collateral
Product Packaging
Search Engines
WebsiteAdvertising
Social Networks
Where are the Job seekers on your website going ?
Email Signatures
Business Cards
Sales Collateral
Product Packaging
Search Engines
WebsiteAdvertising
Social Networks
Careers Section
MORE CANDIDATES
Benefits
1. Add a Careers section to
your Website in 10 Minutes
2. Convert Website Visitors to Applicants and Referrers
3. Cost of Job Applications
from your Website is $0
Powered by
Wisestep
Leveraging the Wisestep Community for Referrals
Wisestep Referral Hiring Platform
Your Jobs
CANDIDATES
Social Networks
21
Employees
4
Wisestep Community
3
Website Visitors
Referrals from Non EmployeesReferrals from
Employees
Wisestep Community
5000+ Independent Recruiters and Professionals that Refer Candidates to Open Positions
50% Reduction in Hiring cost of a Referral as compared to an Agency Hire
$2 MN+ Total Referral Rewards on offer
Independent Recruiter
Community on Wisestep
Your Jobs
CANDIDATES
Recruiter 1
Recruiter 1000+
Pro.. 5000+Prof..
Benefits
1. Generate Leads and Referrals quickly by crowdsourcing from
5000+ Independent Recruiters
2. Pay when you Hire
3. Referral Rewards reduce
Hiring cost by up to 50%
Wisestep Referral Hiring
Platform
Putting all the Referral Channels together to
Reduce Cost Save time
Benefits
1. Reduce Hiring cost by up to 50%
2. Get Leads and Referrals Quickly
Benefits
1. Social Media Sharing costs $0
2. Reach up to 500,000 People in seconds
Benefits
1. Cost of Job Applications is $0
2. Get a Careers page in 10 Minutes
Benefits
1. Reduce Hiring cost by up to 50%
2. Increase Referrals and close more positions
Wisestep Referral Hiring Platform
Social Networks
21
Employees
4
Wisestep Community
3
Website Visitors
Give your Employee Referrals the Extra Edge and Reduce your Hiring cost by
Up to
30%
Call us for a free consultation to help you reduce cost and save time
Contact us on: [email protected] : +1 201 604 3490
UK : +44 207 096 0677India : +91 40 6514 1680