Are You Overlooking Your Best Referral Source

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3257 - Are You Overlooking Your Best Referral Source

Are You Overlooking Your Best Referral Source

by: Head2Head

Studies show that current employees can be the number one source of candidate referrals. As a bonus, candidates referred by employees often ramp up to full productivity faster than candidates from other sources.
So how are you taking advantage of this? Do you have a formal employee referral program in place? If not, you should look to develop one. If you do have a program, look for ways to improve it.
Consider your internal marketing. How are you letting employees know about the kinds of candidates you want? How are you getting them excited about making referrals? Do they know what's in it for them?
Look at your incentive structure. How can you get people to refer star performers from their previous workplace, in addition to friends? Is it clear to employees when bonuses are awarded and how much can be earned? Remember that a bonus paid for an employee referral gives you double bang for your buck. At the same time that you're getting a pre-qualified candidate, you're also providing an incentive for the current employee to stick around.
What does you employee referral program do for you? Take our poll, and see how others have voted at www.head2head.ca.
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About The Author

Head2Head is a brave new concept in the world of recruiting. We don't fill positions, but we find the people who do. In other words, we connect talented recruiters with dynamic corporate environments to create effective in-house recruitment programs. Visit us at www.head2head.ca
Signup for the Two-Minute Mentor, our bi-weekly recruiting newsletter: www.twominutementor.com

This article was posted on January 28, 2004

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