Employee referral management software is designed to enhance and streamline the process of managing employee referrals for job openings. This software allows companies to leverage their existing workforce to recruit new talent by incentivizing employees to recommend qualified candidates from their personal networks. The platform typically features a user-friendly interface where employees can submit referrals, track their status, and potentially earn rewards for successful hires. Additionally, it provides HR teams with tools to manage and evaluate referral campaigns, monitor the effectiveness of referrals, and maintain organized records of all activities. This ultimately helps improve recruitment quality and reduce hiring costs.
Talent acquisition (recruiting) suites are used by recruiting teams to manage the job application selection process. Capabilities include an applicant tracking system, which handles the job requisition, job posting, application, and candidate selection workflows, and a combination of candidate relationship management (also known as sourcing or pipelining) and/or employee onboarding modules. Today’s talent acquisition suites offer a variety of functions with an emphasis on automation and AI-enabled capabilities to provide a streamlined, engaging experience for all stakeholders involved in the hiring process, such as recruiters, hiring managers and candidates. Organizations that do their own hiring require a means to engage, select and onboard would-be employees.