Want to tap into the power of an employee referral program? A referral program that emphasizes potential employee referrals from current employees is a method employers use to find superior employees. In this age of online social media and social networking, a referral program has even broader potential to locate qualified candidates.
An employee referral program solicits the referral of qualified job candidates from current employees who know your workplace culture and understand your job requirements. With or without a referral bonus or incentive, a referral program is in your best interests for recruiting superior staff.
Successful employee referral programs range from programs that substantially reward employees for critical position referrals to referral programs that provide no incentives at all for an employee referral. Referral bonuses range from a token of appreciation to a $10,000 check for the right employee referral.
Other companies rely on building a company culture that encourages employee referrals so that employees get to work with great team mates. Recognition and appreciation are demonstrated to employees who send their organization qualified employee referrals.
Despite their hype and potential usefulness, many employee referral programs fail to attain their program goals: superior employee referrals.
You can find out more about what makes an employee referral program successful. You'll also see how to build a company culture that encourages employee referrals.
Submit a word for the Glossary | Complete Glossary
Human Resource Management Glossary Index:
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
