Finding the right employees for your organization can be a difficult task. Not only do you have to nab the most experienced candidates, you also have to make sure they'll stick around. For these reasons, many organizations use employee referrals to ensure they're landing the best workers. Even so though, some companies have yet to get on board with referral programs due to some common myths.
This infographic, compiled by social employee referral management platform Zao, counters any doubts an organization may have by challenging the five most common myths about referral programs. Some takeaways to note include:
Hires from referrals produce 25 percent more profit and are 20 percent less likely to quit their jobs
41 percent 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
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 are employee referral programs?