Is your Employee Referral
Program working?

It is no surprise that employee referral programs are the most effective source of hire since existing employees have a clear understanding of job roles, organizational environment and cultural fit. Below are a few ways to build a successful program and to tie this program to business outcomes.

The power of employee
referral programs

Employee referral programs: The best quality hire sources

Measured by: Organizational fit (3.92), patient satisfaction (3.82), and retention rate (3.94) based on a scale of 1 to 4 (1 being the least effective and 4 being the most effective)

#1

Employee referral
programs

#2

Social media
sites

#3

Corporate career
pages

2X

Likelihood of Best-in-Class organizations to
link their source of hire with
employee performance

4 steps to creating a
winning program

Build a strong
pipeline of talent

50%

of Best-in-Class organizations
(vs. 34% of All Others)

Define metrics
in advance

3X

Likelihood of Best-in-Class organizations
(compared to All Others)

Provide visibility to employees
and hiring managers

65%

of Best-in-Class organizations
(vs. 40% of All Others)

Invest in
technology

80%

of Best-in-Class organizations
(vs. 60% of All Others)

The impact on business results

85%

of organizational
KPIs were met

8%

Improvement in
hiring manager satisfaction

12%

Improvement in
customer retention

Research by Aberdeen Group

Download Pdf

&

Share this infographic!