Employee Referrals May Be Even More Effective Than We Think
Employee referral programs may produce more hires — perhaps many more — than surveys would suggest. Over the years it has come to be accepted that the average number of new hires coming from employee referral programs is somewhere between SHRM’s 24 percent (for non-exempt positions) to about a third. Some programs do much better.
There now comes evidence that the hires from employee referrals are undercounted. “Referrals permeate the recruiting process more than we think,” says recruiting consultant Gerry Crispin, a CareerXroads principal.
He and his partner, Mark Mehler, surveyed their clients and others about employee referral programs and found that most of the 50 respondents have a referral program, most pay a bonus of some kind, and on average 28 percent of their external hires are referrals.
Read More: http://www.beyond.com/articles/employee-referrals-may-be-even-more-effective-5404-article.html
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