Referral progs key for hiring right talent at startups: Report
Referral programmes are considered important among startups for hiring the right talent, according to a report. The report is based on a survey of more than 1,500 senior and mid-senior recruiters by Hirect.
Among others, the report said that 87.1 per cent of the respondents were in favour of retaining employees rather than hiring new ones. “The hiring process in startups relies on referrals and that is why they formulate referral policies. “Around 89 per cent of recruiters believe that referral is the best way to hire people with the right talent. The referral policy helps in enhancing the organisation’s employee retention rate,” the chat-based direct hiring platform Hirect India’s global Co-Founder and CEO Raj Das said.
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According to the report, around 96.5 per cent of the recruiters said the use of Artificial Intelligence (AI) is one of the best ways to improve the hiring process and eliminate bias. Also, it found that over 50 per cent of recruiters believed that AI will become a regular part of the hiring process in the coming years, it added. “In the employee-driven market, the employers must quickly adapt to the current reality of talent acquisition to remain competitive in today’s labour market. This includes creating a workplace that aligns with job seekers’ needs while also leveraging the right system, tool, and channels to effectively grow their startups, Das added.
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