An employee referral program is a strategic initiative implemented by organisations to encourage their existing employees to refer potential candidates for job openings.
Employees are encouraged to recommend qualified individuals from their personal networks (such as friends, former colleagues, or acquaintances) for available positions within the company. In return, employees receive incentives, such as bonuses or additional time off, for successful referrals.
These programs offer several benefits, including faster recruitment, access to high-quality candidates, and cost-effectiveness.
By leveraging employees’ networks, companies can tap into a valuable source of talent and enhance their hiring efforts. There is usually a qualifying period for the reward to be achieved – and this is commonly that the referred employee successfully passes their probationary period.
This FAQs: Employee Referral Programs (ERG) resource is designed to provide employers with a resource to support them in better understanding the role of the program, how to implement it and the key elements of the program. Employers can also access our Sample: Email to Employees about The Employee Referral Program.
Further information and resources can be found in our Recruitment sub-topic.
Members who require additional information should seek advice from Ai Group or call our Workplace Advice Line on 1300 55 66 77 for further assistance.
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