How to Build an Employee Referral Program

40% of all hires come from employee referrals, yet just 7% of total applicants come in this way. Let that sink in.
Referred workers have a higher retention rate- they are up to 30% less likely to leave their job in under 3 years.
And referred hires from 'average' workers produce 25% more output/profit than non-referred employees, while referrals from 'top performing' employees produce 135% more output/profit.
The benefits of employee referrals are so prevalent, but building an effective program to get employees to continuously engage with it is hard and often slips through the cracks of priorities. Here’s a look at some creative ways to get your team excited and involved and generate employee referrals all year long.

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