In addition, when asked, current employees would eve nonchalant answers such as “l will have to think about it, I don’t know. ” The general structure of such a program is that there is an associated monetary bonus for the employees who refer candidates for open positions. The monetary bonus would be received after the referred employee passed a 90 day probationary window. A number of companies will actually limit the monetary bonuses received for referrals for employs too particular number per year.
For the companies that do to offer a monetary bonus for employee referrals, there is an offering of products or services to be redeemed, specifically products or services that are commonly used. In regards to employee-based referrals, it seems that the process should be more streamlined and has a more concrete structure. Offering monetary bonuses doesn’t seem like the best idea as it could motivate the current employees to suggest any random individual, rather that a solid qualified one.
Instead of monetary bonuses, he companies should offer training to employees. For example a rare opportunity for a class that isn’t normally offered, it would encourage the employee to better themselves and the company they work for. The employee referral program is also a significant way for companies to diminish large cost ways of finding employees, such as newspaper advertisement. The word of mouth idea is at it’s finest by using the current employees to recruit new ones. That is a great way to cut cost and yet get the Job done in a timely manner.
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