Advantages of Employee referral programe

What is the Employee Referral programme?

Employee referral is an internal recruitment mode of hiring potential resources in the company with the referral of existing employees of the company

Why employee referral programme is so important for companies while hiring candidates?

There are several reasons for companies to choose internal referral hiring

Reduce cost of Hiring: Employee referral candidates are according to desired skill set and referred by the persons who already have an idea of what is the position and what kind of skills set required for vacant position so referral candidates are more likely suitable for position so it bypasses.
Less Turnover rate: Referral employees stay longer than an employee who refer them
More Productivity: Referral candidates increase the productivity of the organization

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