Data Shows Why You Need to Invest in Employee Referrals [INFOGRAPHIC]
December 7, 2015
If you want to make one investment next year to increase your quality of hire and retention rates, then consider investing in your employee referral program. Research shows that people who were hired through a referral stay longer and are likely to perform better at your company. Not to mention that referrals decrease the amount of time your recruiters spend searching for potential candidates.
Yet, even though employees are eager to refer their network, often times companies make that rather difficult -- relevant open roles are hard to find and formal referral programs can be pretty creaky. With that in mind, (re)-investing in a referral program may be one of the highest ROI decisions you make. Here are some facts to inform you: