Employee referral programme is one of the most effective and trusted means of the recruitment process. Employees hired through employee referral have better absorption rate which means that those who apply for any given position through employee referral have the higher probability that they are capable to make it finally to the organisation. The advantage of trusting this source of acquisition process lays with the fact that the candidate have a better retention rate, the cost of hiring reduces considerably. One of the added advantages is that such candidate adjusts with the organisation culture more easily as they are more or less known with company's environment through the employee who has referred them. It is a kind of win-win situation for both the company and the referee employee.
The policy for employee referral program is explained below with details on the process and procedure to be followed for referring an employee.
The employee referral advantages makes employee referral one of the important tool for recruitment. Now let's see how it helps.
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