From www.aigroup.com.au: Employee referral programs (ERPs) enable current employees to recommend potential candidates for open positions, which often leads to higher quality hires who fit better within the company culture.

ERPs can reduce recruitment costs and time-to-fill open positions while also increasing employee engagement and retention rates.

Successful implementation requires clear guidelines, an attractive incentive structure, and continuous monitoring to align with organizational goals and promote diversity.

Filed under: Employment Issues

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