Exploring employee referral programs: Big talent pool, short timeframe
When it comes to sourcing candidates, a solid employee referral program (ERP) is one of the most effective places to start. Jobvite discovered that implementing a strong employee referral program in its recruiting process increased employee satisfaction. It also found that 46 percent of employees hired via referral stay for more than a year, 45 percent stay beyond two years, and 47 percent stay for more than three years. With numbers like these, it makes sense for all employers to explore ERPs more thoroughly.
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