This series is written for two readers:
- Those who haven't developed an employee referral program (ERP) yet but need to get started.
- Those who have started but need to improve their employee referral program.
For those who have a program and those who don't, this content is intended to give you tools to get you started on making your employee referral program a major source for great candidates.
For example, a "Source of Hire" survey of 50 large U.S. companies reveals that companies filled 20 percent of their hires from employee referrals, making referrals the top source of hire for large U.S. Companies. That's 100,000 hires from employee referrals in one year from a mere 50 companies alone.
Another report found that "employee referrals was one of the top recruiting sources for 92 percent of the participating organizations." They surveyed 1,000 recruitment representatives for that study.
What is an Employee Referral Program (ERP)?
An employee referral program (ERP) is any way to organize job candidates that come from referrals. Referrals come from your company's social network, which includes employees and non-employees connected to the company in some way.
A beginner's guide
In this series, we’ve created the reasons and means for creating an effective ERP. Here’s a beginner’s guide in three sections:
- 9 Reasons for Developing an Employee Referral Program
- 7 Top Ways to Develop an Employee Referral Program
- How Use Social Media to Manage Employee Referrals
How have you developed your EPR? Drop us a line.
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