REFERRAL PROGRAM​
REFERRAL PROGRAM​
Program Objective:
- Encourage employees to refer qualified candidates for open positions within the company.
- Enhance recruitment efforts by tapping into employees' networks and connections.
- Reward employees for successful referrals and contributions to talent acquisition.
Program Mechanics:
- Employees can refer candidates by submitting their resumes or profiles through the company's referral portal or designated channel.
- Referrals should include relevant information such as the candidate's name, contact details, resume, and position of interest.
- Referrals are reviewed by the recruitment team, and qualified candidates are considered for available positions.
Eligibility Criteria:
- All full-time employees are eligible to participate in the referral program.
- Referring employees must ensure that referred candidates meet the required qualifications and job requirements.
Reward Structure:
- A reward is provided to employees for successful referrals that result in the hiring of a referred candidate.
- The reward amount may vary depending on factors such as the level of the position, scarcity of skills, and strategic importance to the company.
- Rewards are typically disbursed after the referred candidate successfully completes a probationary period or is onboarded as a permanent employee.
Communication and Promotion:
- Promote the referral program through internal communication channels such as email newsletters, intranet announcements, and employee meetings.
- Highlight the benefits of participating in the referral program, including the opportunity to earn rewards and contribute to the company's growth.
- Provide regular updates on the status of referrals and announce successful hires to recognize employees' contributions.
Tracking and Monitoring:
- Maintain a centralized system or database to track referrals, including the status of each referral and the outcome (e.g., hired, interviewed, not selected).
- Monitor the effectiveness of the referral program by tracking metrics such as the number of referrals received, the conversion rate of referrals to hires, and the retention rate of referred employees.
Continuous Improvement:
- Solicit feedback from employees on the referral program to identify areas for improvement and enhancement.
- Regularly review and update the reward structure, eligibility criteria, and communication strategies to ensure the ongoing effectiveness and relevance of the program.