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How many of your referrals got interview calls.

I saw many posts of linkedin claiming none of their referrals got an interview call. Is referring someone really have some advantages over directly applying? Is it company dependent? Can you share how many of your referrals actually got calls. #engineering #software #swe #jobs #referrals

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Indian IT on

by PlumpBrush

Advanced Micro Devices

What Using/misusing employee referral policy has taught me.

So.. Around 2 years back I got my first payout of 50k as a referral bonus for a friend I referred to my company. Around same time.. My team had a few positions.. So i put it on linkedin and got a decent response.. Got another referral.. Next year.. I decided to scale it.. I started putting multiple posts on linkedin for positions across my company and started streaming the responses on google sheet. Having a big linkedin network of 20k helped. This year I scaled it to 4L a year... But then it all stopped after one fine day there was a HR circular to not undertake commercial level sourcing of profiles on linkedin.. And only refer ppl I know. It's a different matter that I could manage to source almost 20-40x more relevant profiles as compared to my HRs even with their third party agencies. More than half of my team members are my referrals :). While scaling this hustle.. This is what I learnt. 1) You will get lots of spam.. I feel sry for some candidates .. But sometime even civil grads will apply for semiconductor jobs. 2) Better to invite applications using a google form with proper filters.. Only serious ppl will apply. 3) Do not refer everyone.. Reduce your effort and only refer candidates who have a chance. 4) Engage with candidates, followup after interviews. 5) Do not trust your employer will automatically honor referral payouts if you don't track.. I literally lost more than 2L coz of inefficient referral tracking system. 6) Control your greed.. Even if you scale up.. Limit yourself to a decent no.. Say 2L a year.. Referral policy is for company's benifit.. They will shut you down one way or another if they find you are gaining. 7) Handling it at scale is a lot of work.

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Misc on

by Googlee

Student

How bad is the job market?

I am a '21 graduate from a Tier 1 college (old IIT) and have had short stints as product manager at a couple of startups. About a year back, I decided to startup but after a few months, realized that startup idea wasn't worth pursuing. Researched around a few startup ideas and finally landed upon a good one in D2C space. But the problem is financing. I don't have much saving and friends / family network wouldn't be able to finance this. I really want to pursue this idea but finance is becoming a hindrance. So started looking for job opportunities about 3 months back. I have been exploring work opportunities in product / founder office / EIR roles or other generalist role. Job hunt process has been frustrating to say the least. Getting very few calls. In most cases, people are ghosting after couple of rounds of interview or assignment. In some cases, after getting through 2-3 rounds, I got to know that opening has been closed temporarily. Most HRs don't even have the decency to give feedback. I don't intend to work in job for long anyway. As soon as I have the job, I plan to start working on my business idea and quit as soon as I have enough financial leeway. How should I go about job hunt process? I have been trying to connect with folks on LinkedIn in whose company job openings are there. Apart from this, I have been connecting with founders from recently funded startups. Naukri / Instahyre and IIM Jobs are other portals I have been looking on. Anything I should do differently here? Looking forward to hearing your suggestions / experience.