Are you thinking about implementing a program for your current employees to recommend new employees for your company? Then it can be useful for you to read the following summary of reasons why to implement an Employee Referral Program asoriginally published on the RecruitLoop Blog. You can also read advice on how to motivate employees to participate in this program.
Why an Employee Referral Program?
1. To save costs
Compared to the costs of job advertising and recruitment agencies, the costs of this program are very low especially if you reward employees for their recommendations non-financially.
2. To strengthen your brand
Employees will spread awareness about your brand both orally and on social networks. If you achieve to make them enthusiastic, your good reputation will be spread very actively.
3. To get better job applicants
The preliminary screening of candidates will be carried out by your employees themselves who will exclude people who would not fit in your culture in advance.
4. To increase morale
To be able to recommend quality candidates, your employees they will have to learn more about the company and its successes. This will be an incentive for them to stay and improve.
How to implement an Employee Referral Program?
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Involve all employees of the company.
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Don't specify the number of referrals the program participants must provide.
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Ensure that the whole process is as simple as possible.
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Provide employees with feedback on all the referrals if they are not successful.
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Publicly appreciate providers of successful referrals.
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Reward them financially or non-financially.
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Educate employees on how to provide better referrals.
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