HR & Recruiting Glossary
This glossary will support any HR professional, business owner, or hiring manager. Here you will be able to find the knowledge of key terms and concepts shaping the hiring world.
Employee Referral Program
What is an Employee Referral Program?
An Employee Referral Program is a program that companies use to incentivize their employees to refer and recruit talent either from the people they know personally or from people they can reach on social media.
How does an Employee Referral Program work?
There are a few ways your employees can share your jobs:
Employees can let friends or family know about open positions at their company, and in return, are monetarily rewarded if their referral is chosen.
Employees can be given a direct link or QR code to their own personal job referral page. The page will have a list of all openings at the company that they can then share on social media and get the word out to their connections and reach more people. And again, if their referral is chosen, they will be rewarded!
Why use an employee referral program?
Many studies conclude that employee-referred candidates perform at a higher level, are less likely to leave the company once hired, and can be a better fit within the company culture.
Your next best hire could be friends with your organization's best accountant, and an employee referral program could be how you get him on the team!