Employee referral is a recruitment strategy where current employees recommend candidates for open positions within their organization. This method leverages the networks of existing employees to find potential hires who may fit well with the company culture and job requirements. Referrals often result in quicker hiring processes and higher retention rates, as referred candidates are typically pre-screened and come with a personal endorsement. Many organizations incentivize referrals with bonuses or rewards, motivating employees to participate actively in the hiring process. Overall, employee referral programs foster a collaborative recruitment approach, enhance team dynamics, and can lead to the acquisition of high-quality talent that aligns with organizational values.
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