The Top 5 Myths About Employee Referral Programs Debunked [INFOGRAPHIC]
Fact: Employee referrals can produce hires that are of higher quality. They’re also known to stick around longer. However, even though many employers are aware of employee referral programs, they are still skeptical about the benefits.
This infographic, compiled by social employee referral management platform Zao, counters this skepticism by debunking the five most common myths about referral programs. Some takeaways to note include:
- 41% of referral hires can come from your trusted external network, if you reward them
- Engagement can increase from 10 to 50 times with referral rewards
- Hires from referrals produce about 25% more profit
Check out the full infographic below and let us know your thoughts in the comments!
What do you think? What are some other common myths about employee referral programs?