Create an Employee Referral Program
An Employee Referral Program is a structured system where existing employees are encouraged to refer candidates from their personal networks for open positions within the company. It leverages the networks of current employees to find potential hires.
Goal
The goal of an employee referral program is to tap into the personal networks of existing employees to find high-quality candidates efficiently, reduce hiring costs, and shorten the hiring cycle.
Context
Recruitment agencies can charge up to 22% of an employee's annual salary for their services, making direct sourcing through referrals a cost-effective alternative. In addition, people referred by employees are more likely to be a good fit for the company's culture and values, as they have been vetted by someone who knows the company well.
Inputs
| Artifact | Description |
|---|---|
| Detailed Job Descriptions | Detailed descriptions of roles and expected capabilities within the team. |
Outputs
| Artifact | Description | Benefits |
|---|---|---|
| Candidate Pipeline | A list of professionals who have been referred by employees for open roles. | A vetted list of potential candidates who are likely to be a good fit for the company. |
Anti-patterns
- Lack of Communication: Not regularly promoting the referral program or updating employees on its status can lead to disengagement.