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Want More Employee Referrals? Larger Referral Bonuses Might Not Be the Answer

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Faster time to hire, reduced cost per hire of up to $3,000 , candidates that come from within a trusted network and, most importantly, the validation that you have engaged employees that are willing to act as an advocate for your organization. No wonder organizations are doing what they can to get more of them.

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Want More Employee Referrals? Larger Referral Bonuses Might Not Be the Answer

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Faster time to hire, reduced cost per hire of up to $3000 , candidates that come from within a trusted network and, most importantly, the validation that you have engaged employees that are willing to act as an advocate for your organization. No wonder organizations are doing what they can to get more of them.

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The Ultimate Guide to Employee Referral Programs

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In fact, studies have shown that an effective employee referral program can reduce cost per hire by up to $3,000. Not only that, but the time to hire also diminishes when recruiting referred candidates. Though a nice perk, incentives aren’t always necessary if your employees are engaged.