Referral Hiring is one source of Hiring that has helped Organizations to hire candidates through internal means with scheme such as referral bonuses etc., where in it help employers to connect with employees mutually & beneficially and also stand out as an Organization which supports employee's well-being through Internal Referrals besides all the bells and whistles.
Though it is an attractive proposition from Employee's standpoint, however this also has it own pitfalls when compared to the typical hiring process considering LOW Cost Models are already available in closing such Hiring Requirements. Let's explore some of the pitfalls and how to minimize or otherwise avoid it.

AT iHRAssist.com, We partner with Multiple Job Portals & offer Multiple End-2-End Hiring Options with Excellent Customer Support working Round the Clock. We follow a structured process to ensure that our Hiring Partners are Up-To-Date on their hiring requirements.

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1. Employee Motivation - This is one of the factor where Employers want to encourage their employees to benefit financially by keeping them motivated through extra financial benefits

2. Employee's Productivity - Employee's become more active on networking sites to collate candidates profiles instead of focusing on the day job which can impact the work schedules and delays. Let's Look at Linkedin for example, Many employee's keep posting Jobs unless they are HR within their network and trying to collate candidates profiles by reviewing & interacting with them instead of focusing on work related commitments

3. Internal Politicking - Any referral scheme bound to attract multiple employee's references to avail the same and many a times, there will be internal influences & politics takes precedence over making right decision that benefits the organization which also leads to personal grudges impacting team coordination, productivity as the employee feels let down due to another referral candidate has been shortlisted & offered

4. Hiring the Right Candidate - In many cases, Internal networking and politics influences the hiring decision, irrespective of the candidate's skills & expertise that can lead to poor hiring decisions impacting the team & project outcomes

5. Candidate Backup & Replacement - if the referral candidate leaves the Organization within the probationary period or immediately thereafter, Typical Hiring Organization can provide a replacement based on their terms and conditions however the same cannot be said for an internal employee referral once the referral bonus is paid

Referral Hiring schemes make sense for Organizations where they can afford to pay their internal employees 1-month salary or more based on the type of hiring to keep their employee's morale high by offering such employee-friendly schemes and also stand out as an Organization that encourages Internal Referral.
On the other hand SMBs / SMEs, work on tight budgets and have less Hiring Budgets are not in a position to provide such benefits where they would require the candidate to either join at nominal amount or if possible, FREE OF COST.

iHRAssist.com is an Eazy End-2-End LOW COST Remote Hiring Platform to suit every SMBs / SMEs for their Hiring Needs complimenting Job Portals with their additional tools & utilities and dedicated customer supports and ALL THIS COMES AT A FIXED COST!

Our Approach has always remains the same, Be it is a Small or Big Company, One or Many Requirements, We give Equal Importance to all our Customer's Hiring Requirements and moreover with access to Multiple Job Portals, Dedicated HR, Customer Support ensures that our Hiring Partner's are not left in lurch when they work with us!

We bring extensive experience in the entire hiring process considering access to multiple Job Portals, Resume Databases including internal database to acquire the right candidate profiles list for shortlisting. We diligently follow the above candidate screening process to ensure finding the right talent to reduce the churn in the hiring cycle and more importantly, All this comes at a Fixed Cost.

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