The bonus is a central component of the employee referral program. It comes in different variations – cash and prizes/non-cash awards. In the grand scheme of planning the technical details of the actual program, the deliberations over this aspect could fall by the wayside, with companies opting for cash as the easier, no-fuss alternative. However, while a cash bonus may require less time to organize, prizes are ultimately the better motivator. Here’s why:…Continue
Added by Assaf Eisenstein on March 12, 2013 at 11:00am — No Comments
GooodJob is pleased to present an exclusive report by Mona Berberich on the findings of her recent in-depth research, “Employee Referral Programs – A Comprehensive Study”.
Employee Referral Programs are THE answer to talent shortage and…Continue
Added by Assaf Eisenstein on February 25, 2013 at 9:25am — No Comments
You know how essential your employee referral program is to sourcing candidates – but do your employees?
Referral programs are an integral internal sourcing tool for any company: the existing relationship between employees and potential candidates adds to candidates' positive perspective of the work environment, which…Continue
Popular opinion is that employee referrals are the #1 source of hire in a corporate environment. I believe that to be true. But are employee referrals the #1 source of quality hires? I doubt it! Following are some thoughts from my own experience. Your mileage may vary.
Companies often pay a referral bonus to encourage employees to refer their friends and former colleagues to open positions. Bonuses range from a few hundred dollars to thousands of dollars. I wonder…Continue