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In this guide you'll find
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.
Pro tip: simple rewards through a platform like Caroo can be a great way to supercharge your referral program.
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
Featured in
Top Employee Referral Software
We track thousands of HRTech solutions, these are the best Referral Technology per our research and expert council as of 2022
Why we love it
:
employeereferrals.com is loaded with amazing features. You can get more referrals in innovative ways; via campaigns, gift cards, leaderboards. The platform can also be integrated with your ATS and HRIS.
EmployeeReferrals.com
Review:
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. Their mobile-first, campaign-driven approach drives high levels of adoption and leads to dramatic increases in referral hires.
EmployeeReferrals.com
Customers:
Notable customers include Crocs, ZipRecruiter, and DeVry University.
Notable customers include Crocs, ZipRecruiter, and DeVry University.
EmployeeReferrals.com
Stats:
- Millions of users worldwide
- Millions of users worldwide
EmployeeReferrals.com
Pricing:
Pricing with this vendor is not disclosed upfront, so you'd have to book a demo to move forward.
Pricing with this vendor is not disclosed upfront, so you'd have to book a demo to move forward.
Best For
EmployeeReferrals is best-suited for companies with more than 500 employees.
Why we love it
:
ERIN is cost-effective for both employees and employer. It boasts a fully automated ATS integration, automated emails and, mobile notifications. By streamlining communication, ERIN allows employees to make referrals in less than 30 seconds!
ERIN
Review:
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.
ERIN
Customers:
Allied Universal, Gannet Fleming, Firefly
Allied Universal, Gannet Fleming, Firefly
ERIN
Stats:
- ERIN is used by over 1.6M employees in 18 different countries.
- Referrals can be done in under 30 seconds.
- ERIN can increase employee referral hires up to 5X.
- ERIN is used by over 1.6M employees in 18 different countries.
- Referrals can be done in under 30 seconds.
- ERIN can increase employee referral hires up to 5X.
ERIN
Pricing:
ERIN has a Free Forever plan with one admin account only and bonus tracking at no cost. After that, their Growth plan starts at $499 per month (billed annually) and is for up to 500 employees. If that's not enough, but you're under 1,000 employees, they offer a plan called Scale at $875 per month. If you have more than 1,000 employees, then their Enterprise plan is for you, which would require a request for a quote.
ERIN has a Free Forever plan with one admin account only and bonus tracking at no cost. After that, their Growth plan starts at $499 per month (billed annually) and is for up to 500 employees. If that's not enough, but you're under 1,000 employees, they offer a plan called Scale at $875 per month. If you have more than 1,000 employees, then their Enterprise plan is for you, which would require a request for a quote.
Best For
Companies of all sizes could make use of ERIN's technology. However, their average customer size is 5,000 employees. A good portion of their customer base are even companies with over 30,000 employees.
Why we love it
:
RolePoint’s professional services team ensures you have a successful implementation, and continuously engage your employees.
RolePoint
Review:
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.
RolePoint
Customers:
RolePoint
Stats:
- At UPS, they helped increase the number of referrals four times
- Acquired by Jobvite for $40M according to Crunchbase
RolePoint
Pricing:
RolePoint's pricing is not disclosed within Jobvite's website, so the best way forward is to request a tour or take their 10 minute assessment.
Best For:
In order to determine if RolePoint is for you, you can take a free 10 minute assessment in the Jobvite website.
Why we love it
:
With Boon, you can manage and receive more referrals in less than 5 minutes. It's available on mobile and web, the setup requires no onboarding or training, and jobs can automatically be pulled from your career page.
Boon
Review:
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.
Boon
Customers:
Boon is used by Intel, Citrix, and SpaceX.
Boon
Stats:
Among their customers, Boon has helped achieve milestones like:
- 45% increase in referral hires
- 5X more referrals per job
- 52% reduction in time-to-hire
- 40% cost savings per hire
Boon
Pricing:
Although their exact pricing isn't revealed upfront, Boon has three available plans: Startup, Growth, and Enterprise.
Best For:
Boon is a neat tool for startups, fast-growing companies, and established enterprises alike.
Why we love it
:
Teamable has a delightful user interface and comes with many impressive features. It seamlessly integrate with your ATS, increases employee engagement with intelligent gamification, and also gives you detailed reports and analytics.
Teamable
Review:
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.
Teamable
Customers:
Teamable has an incredible customer list that keeps growing: Spotify, Allstate, Lyft and many others.
Teamable
Stats:
Among their customer base, Teamable has been instrumental in achieving wins like:
- 55% faster time-to-hire
- 75% reduction in cost-per-hire
- 40% better chances of getting hired for interviewees
Best For:
Teamable is a good bet for businesses of all sizes.
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The Top Employee Referral Platforms
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