Incentivefox has rounded out their already robust marketing suite by introducing Employee Referrals as a new featured program that aims to encourage recruiting and reward for successful hires.
Incentivefox, a Chicago based marketing firm that partners with companies to create stronger, more engaged relationships with clients, has recently announced the launch of their new Employee Referral program. Effective employee referral programs help attract solid talent and can build a strong company culture, however, they can be cumbersome to maintain. Therefore 75% of organizations outsource their programs to companies like Incentivefox to streamline the process.
The Incentivefox Employee Referral program is designed to incentivize existing members of your staff to recommend qualified applicants for open positions through various sharing options. “We recognize that while the pool of talent is vast when you post a position on a job board, we have found that referrals prove time and again to be less expensive, the employee typically stays longer and the candidate comes with a built-in recommendation,” Tom Sheridan, Chief Operating Officer of Incentivefox.
The program is designed to be an add-on and can act as a stand-alone for companies that do not already reward their employees for referring candidates for available positions. This program provides existing clients with an enhanced tool to drive better candidates and new clients with an effective integrated product. Employees can be rewarded using retail gift cards, prepaid Visa® Reward cards, additional days off or any supplementary reward that management chooses to incorporate into the program.
The talent lifecycle begins with a candidate exploring the position, the interview process, hiring, employment and the hope is that they become a brand advocate for your company. When using a job board or career site, this process can take 39 - 45 days, however, employee referrals can cut that time down to 29 days and increase retention by 25% after two years which can impact your bottom line dramatically.
While many companies already offer referral bonuses to employees, ordinarily these rewards are offered for higher paying positions and all too often companies fail to promote and remind their employees about the referral program. “Our program is focused on all levels of business, however, we realize hourly positions see more turnover and many times are harder to fill. We are addressing this issue with businesses such as senior living facilities, fast food restaurants, home care workers, the hospitality industry and those that face similar hurdles,” said Jaime Fiorello, Vice President of Channel Development and Marketing at Incentivefox.
To learn more about the Employee Referral program or to schedule a demo, please visit http://www.incentivefox.com
About Incentivefox
Incentivefox is a Chicago-based marketing company that partners with businesses to build better customer and employee relationships using technology to increase engagement and rewards to motivate behavior. Our adaptable software streamlines referral and retention marketing into one flexible platform offering automated promotions, enrollment, program tracking, incentives and rewards, comprehensive reporting and audience segmentation. Become a master of meaningful interactions between your customers and employees. Create new paths to revenue generation. Encourage customers to become brand advocates. With Incentivefox, you are building better relationships and investing in the future of your business.
