As HRs or CEOs, you already know that referrals are probably the best method in reaching quality applicants. Here are some of the top benefits using this proven employment source:

• Lower cost per hire.

  You only need to pay a bonus to your current employee which generates savings on career boards, social media ads, job fairs etc;

• Quality Applicants.

  You get only qualified applications, as none of your employees will risk his/hers reputation by recommending unworthy applicant;

• Faster adaptation.

  Being supported by referral is easier for the new employee to get involved in company’s operations and culture;

• Faster process.

  Statistics shows that it takes 10+ days less to recruit a referral;

• Increase of retention rate.

  Referred employees have realistic job expectations and remain longer in the organization;

Unfortunately the referred applicants are only 7% of all applicants and a lot of companies cannot rely only on this recruiting source. Therefore a new Bulgarian startup developed the next step in employment business named PreFerrals.

PreFerrals supplant referrals’ productivity. Using innovation, tailor-made tests, process automation, personal approach, customized researches and targeted marketing PreFerrals make the employment process more sustainable for both companies and employees.

HOW?

On one hand the service gets deep understanding of companies’ culture, values, politics and operations. On the other hand are the applicants with their personal needs and full profiles, including hard and soft skills. This how the perfect match is possible leading to longer and effective collaboration between companies and employees.

The whole process might seem too long but thanks to innovative tech tools, the company can offer you top applicants faster than the standard recruitment agency.

PreFerrals have been launched in Bulgaria at the beginning of October this year by Code Agents. Unfortunately the service fully covers only Information & Technology industry. The company is looking to expand and open more verticals next year, so stay tuned for news, as CA may offer your business smart employment solutions.