Employee Referral Programs work and every company should implement one. The key is to make them easy and rewarding to continue to have top talent within your company. It’s one of the most efficient and best ways to hire – a referral from your own......
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[...] ongoing competition to get top caliber talents the need to get the right people fast is necessary. Quality of hires can only be assured by casting the recruitment net wide and then refining the screening stages to [...]
[...] Reward Efforts. A crucial element of the program is rewarding employees’ referral efforts. This means that whether or not their referrals are hired, employees should be rewarded throughout the hiring process for their achievements, such as referring a qualified candidate, or submitting a recommendation. Because face it – for all the employees who submit referrals for a single job, only one employee’s candidate is going to be hired. Issuing the reward to this sole employee, and ignoring the others who put in virtually the same efforts only serves to alienate them and discourages them from submitting referrals again (“My referral probably won’t be hired, and I’ll be stuck with nothing yet again.”). Shift the focus from that sole employee to all employees, and ensure that everybody feels like a winner in your referral program. [...]