When comparing internationally Referal tradition is increasing in India. With 65 percent India stands first in this tradition, social media also helping referral hirings are increasing. In recruitments, 40-45 are via referral hirings, 55 percent of companies are prominence to referral hiring. Referral hirings are more in middle level than entry level, because middle level requires experienced people. It is difficult to attract people from other companies. Referral hiring will enhance the possibilities to attract the people by informing their company and the benefits of their company.
Referral hiring means the companies inform their employees about the employment opportunities of their company and to suggest suitable candidates, by this way recruiting candidates this is referral hiring.
Mainly this happens more in software companies, software giants like Wipro, Accenture are giving more importance for referral hiring.
The companies find easy to recruit candidates instead of the regular way of notifications, making the applications shortlist and interview. Referral hirings is an easy way to save time and money also. The normal way of recruiting of candidates may not give the guarantee of getting the right candidates, by referral hiring the employees of their company know the requirements for their company according to that they will suggest the right candidate for their company.
Companies are offering the attractive encouragement benefits are offered to the employee if they recruit the candidate via referral hiring. These encouragement benefits are in the form of cash and gifts and also with free holiday trips and laptops. Last year the multinational money exchanger offered motorcycles to their employees who referred candidates for middle-level jobs.
Companies are creating web portals for referral hiring, the employees of that company by visiting their company web portal they can refer candidates. Some companies are making mobile apps in the name of referral apps. Including software companies, several consulting companies are forward in this matter.
Somebody receives mail from his friend that their company is having openings send resume by mail. Some receive mail from HR team stating that we require testing engineers, kindly refer your friends. These are the examples of the changing trend for recruitments. Referring hirings are increasing in the companies. Companies also giving importance to the employee’s referrals. Companies are facing some troubles also in this referral hiring, the employee who is referring the candidate is giving the training to win in the interview but some new candidates are successful in their jobs.