Using an employee referral program in their hiring strategy helps companies/recruiters find new talent with assistance from the existing workforce. By offering rewards, incentives, or monetary benefits, the company encourages its employees to refer a qualified candidate for the business.
If you’re a recruiter and have been trying to scale your teams and attract the best talent, you are probably aware of how hard it is to find that perfect fit for your team. Every firm wants its employees to stick around and contribute to its vision. However, in a competitive job market, it’s hard enough to recruit suitable talent. But it’s even harder to keep employees on board.