Gap between hiring volume and budgets pushes employee referrals

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The gap between volume of hiring and hiring budgets has widened in 2015. With a decrease in the hiring budget, talent leaders see employee referrals and retention as a priority for their organisation, as per LinkedIn India Recruiting Trends 2016 study.

Thirty six per cent of the talent leaders surveyed in the study stated that employee retention is a top priority over the next 12 months. To address employee retention, leaders will also have to focus on internal hiring and transfers as re-skilling has become easier. Currently only 5 per cent of the leaders look at internal hiring as a priority. The study says employee referrals and social networks as recruitment tool is here to stay.

Fifty five percent of talent leaders stated that employee referral programmes were the top sour

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