Top 6 Best Employee Referral Software - April 2020
A complete guide to the best employee referral systems
Employee referrals are typically the best source of hire for companies. Referral candidates quickly move through the interview process, stay longer, and get ramped up faster.
While employee referrals can happen organically, or through the built in module in the ATS, it usually makes sense for companies to also partner with a dedicated employee referral tool in order to boost the number of referrals they are getting, as well as manage tracking, rewards, etc.
In this guide we’ll give you the insights you need to understand the employee referral landscape, a few vendors we think you should look at, and advice on implementing a successful program. Enjoy!
In this guide you’ll find: Best Employee Referral Vendors, Benefits of Employee Referral Software, ROI Calculator, Common Pitfalls, Pricing Information
We spend hundreds of hours researching the best HR and recruiting software so you don’t have to. We never take money from vendors during our research phase and rely heavily on practitioners and experts to help us recommend the right software. Most of the vendors featured on our site have no commercial relationship with us, we want to feature the best software for our readers regardless. Learn more
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Top Employee Referral Software
We track thousands of HRTech solutions, these are the best Referral Technology per our research and expert council as of August 2019
ERIN allows your company to streamline the employee referral process through an intuitive mobile first tool. Employees can sync their network to the platform to get referral recommendations which is a key hallmark of any modern referral technology. Because their solution is mobile first, it's great for all types of referrals, including blue collar roles that are traditionally overlooked by most referral tech.
Worth Checking Out:
ERIN is a newer entry to the referral software world, but already has over 500k employees using their system across companies big and small.
As the domain name implies, these guys have been in the referrals game for quite some time. That means they hook into all the various ATS’s and rewards programs out there. They’ve found their customers referral hires increase 15% on average (so if your hires are 25% referrals now, you can expect 40% after implementation). Notable customers include Crocs, ZipRecruiter, and DeVry University.
Worth Checking Out:
They will work with you on a consulting basis to get everything up and running.
Drafted started as a marketplace that allowed anyone to refer people to a given company. They’ve morphed into a referral tool that allows your recruiting team to source from your employee’s networks. A key strength is their matching algorithm which has mapped over 40k jobs, translating to better referral suggestions to your employees.
Worth Checking Out:
Take a look at Drafted’s network which allows your reach to expand beyond your employees.
RolePoint has historically been a leader in this market. They’ve recently merged with JobVite and a few other tools and so it’ll be interesting to see how the solution evolves with that HCM suite. However, it’s worth noting they integrate with the majority of ATS/HRIS vendors currently. Their customer base includes McKinsey, UPS, and LinkedIn.
Worth Checking Out:
RolePoint’s professional services team ensures you have a successful implementation, and continuously engage your employees.
Teamable pioneered using your employee/alumni/advisor networks to boost referrals, and allow your recruiting team a new avenue to source talent already connected to your company. Their longevity means they have lots of data on potential referrals, as well as a great handle on how to implement this solution across your organization. They acquired another company in this space, Simppler, in 2017.
This solution is tailor made to help recruiting teams boost internal referrals through intelligent and automated suggestions that are pushed to employees. Their matching, tracking, and rewarding functionality drives adoption within the organization, along with results you can measure in your ATS.
Worth Checking Out:
Teamable has an incredible customer list that keeps growing: Spotify, Allstate, Lyft and many others.
Boon’s founders ran a recruiting agency that realized referrals were by far their number one source of hire. They built their own tech to boost referrals, and thought that others would get value out of the system they’ve built. What’s unique here is that this isn’t a solution designed just for fast growing tech companies as their customers are recruiting everyone from engineers to truck drivers.
Worth Checking Out:
Boon’s solution is designed to increase referrals through ease of use, as well as a gamification layer.
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