As more companies realize that happy, fulfilled and engaged employees mean better customer satisfaction and retention rates, they’re also realizing the best employees know where to find the next best employees. It’s not unusual for businesses to offer financial referral rewards for employees who bring in candidates that become employees. Typically it’s anywhere between a restaurant gift card to a few hundred dollars.
And rightfully so, because employees who come from internal referrals are less expensive to hire, stay with the company longer and are seen as “higher quality” candidates.
Written By Jeanie Walters
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