The Employee Referral Program in a Nutshell

You are here:

AIHR Learning Bite: The Employee Referral Program in a Nutshell

Employee referrals can add substantial value to organizations – and, as a consequence, they are on the rise. All the more reason to get started with that employee referral program if you haven’t done so yet. 

According to research:

  • New hires that come via an employee referral program are more likely to stay with your company;
  • Referred employees start their job sooner than hires from other sources: after 29 days for referred employees as opposed to after 55 days for candidates sourced from career sites.
  • New hires sourced via a referral program generate 25% more profit for their company than employees sourced via a different channel 

Apart from the stats, there is a myriad of other reasons why employee referrals work: they are a better culture fit, they are more engaged, and are less likely to leave, more productive.

Find out more in our in-depth article on employee referral program.

Are you ready for the future of HR?

Learn modern and relevant HR skills, online

Browse courses Enroll now