Building an Effective Employee Referral Program
Download this guide to learn how to hire employees 7x faster with a strong employee referral program
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In today’s competitive hiring landscape, connecting with job seekers is vital. Using various sourcing channels like employee referral programs are essential. Employee referral programs tap into your existing employees' networks by offering incentives for referring candidates. Research shows that referred candidates generally stay longer and perform better.
Key Benefits:
- Quality Candidates: Employees refer people similar to themselves in skills and values.
- Higher Retention: Referred candidates tend to stay longer.
- Better Fit: Employees refer those they believe will fit well.
Referred applicants are 7x as likely to be hired than non-referred applicants
The Challenge
Despite their benefits, many companies under-invest in these programs or don’t have one at all. Building an effective referral program requires careful planning and investment. You need strategies to motivate participation, define rewards, and streamline the referral process.
Next Steps
This guide outlines five key steps to create a successful
employee referral program, transforming your employees into your best recruiters.