Want to hire better workers who stick around longer? Look no further than your trusted external network! Employees who are hired from referrals are usually of higher quality. Plus, nabbing that endorsement from someone you trust is a sure-fire way to know what to expect. So, why are so many organizations skeptical about referral programs?
This infographic, compiled by social employee referral management platform Zao, counters this skepticism by debunking the five most common myths about referral programs. Some takeaways to note include:
75-100% of employees participate in the referral process if engagement methods like automation and gamification are used
Hires from referrals produce 25% more profit and are 20% less likely to quit their jobs. Engagement can increase from 10-50 times with referral rewards.
Written By Heather R. Huhman
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