LinkedIn is overhauling the hiring process on its site and has launched a new tool called "Referrals" and has updated "Recruiter". Both the products would boost the professional social networking platform that already has more than 380 million users across the globe.
The first product that the company showcased at its Talent Connect annual conference held from 13-15 October in Los Angeles was Referrals. As its name suggests, the new product works as a simple solution for employers to get quality referrals. This also helps in unlocking employees' network to easily add employee referrals.
Citing an internal survey, LinkedIn has said that about 80% of recruiters consider referrals as the source to recruit quality candidates for their empty positions. This has given the company a reason to develop the new products, which will be available as an extension to the profession-oriented social networking site. The new product is designed using resources from the recently acquired employee referral site Careerify.
