Employee Referral Software

An employee referral program is a recruitment strategy designed to encourage existing employees to recommend contacts in their network for open vacancies.

If a candidate that’s referred is successfully hired, the employee that made the referral is usually rewarded for their help with some form of incentive—like a cash bonus, additional paid time off, or a personalized experience or gift.

According to Pinpoint’s analysis of 4.5 million applications, referred candidates are 7x more likely to be hired than ones applying via job boards. They provide an essential talent pool for any recruiting search, and when managed thoughtfully, can even contribute to an organization’s DEI goals. Learn more about the impact of referrals here.

Employee referrals can be a gold mine of qualified talent, but they’re often under-utilized. They require a compelling bonus scheme, an easy-to-use referral portal, and internal marketing. To learn how to build and run a successful program, check out our guide.

Every company structures their referral bonus scheme differently. It depends on the roles they are hiring for, along with their size, industry, and region. Check out our resource on referrals to get best practices and relevant benchmarks.

It’s not currently possible use Pinpoint’s employee referral software as a stand-alone feature alongside your existing applicant tracking system.

We do have several clients that have switched to using Pinpoint as their applicant tracking system because of our user-friendly referral portal. Many of these clients use one of our standard or custom integrations to push candidate data into their existing HR and payroll systems.

For more information about integrations and how other companies are approaching this, you can visit our integrations page or speak to our team.