Employee Referral Program Evaluation
The Employee Referral Program is an integral part of [Your Company Name]'s talent acquisition strategy. This evaluation is designed to assess the effectiveness of the program and identify areas for improvement.
Program Details |
Metric | Performance | Target |
Total Referrals Received | 35 | 50 |
Referrals Hired | 12 | 15 |
Time-to-Hire for Referrals | 28 days | 30 days |
Referral Source Diversity | 45% | 50% |
Referral Quality (1-5 Scale) | 4.2 | 4.0 |
Analysis
Total Referrals Received
During the evaluation period, [Your Company Name] received 35 referrals, which is slightly below the target of 50. This may be due to seasonal variations, but it's essential to monitor trends over time. |
Referrals Hired
12 referrals were successfully hired during this evaluation, which is slightly below the target of 15. Further analysis is needed to understand the reasons behind this shortfall. |
Time-to-Hire for Referrals
The average time to hire a referred candidate was 28 days, which is within the target of 30 days. However, continuous efforts should be made to maintain this efficiency. |
Referral Source Diversity
The referral source diversity stands at 45%, slightly below the target of 50%. [Your Company Name] is committed to enhancing diversity and inclusion in the program. |
Referral Quality
Referrals received an average score of 4.2 on a scale of 1 to 5, indicating high-quality candidates. This exceeds the target score of 4.0. |
Recommendations
Increase Referral Awareness: Launch a campaign to promote the referral program among employees to boost the number of referrals.
Refine Screening Process: Review the hiring process to identify any bottlenecks causing delays in hiring referred candidates.
Diversity Initiatives: Implement strategies to attract a more diverse pool of referrals.
Conclusion
In conclusion, the Employee Referral Program at [Your Company Name] is generally effective but has room for improvement in terms of the number of referrals and diversity. It has successfully attracted high-quality candidates, which is commendable.
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