Social referrals - The new way of hiring
Research shows getting a referral are a cheaper and faster way to hire, yield better results and lower the turnover rate at your company.
It is easy to see why Employee Referral Management Programs (ERMP) are present in most organizations. The most common way of incentivizing employees was to offer cash rewards for hired candidates introduced by employees. While most companies have an ERMP, primarily attracted by this methodology, but most have reported problems with long term adoption of the program.Research shows getting a referral are a cheaper and faster way to hire, yield better results and lower the turnover rate at your company. This paper will identify the barriers to widespread adoption and what can be done to improvise on the ERMP.
- Price: Free
- No. of pages: 10
- File Size: 2.2 MB
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