With shortages of qualified talent in various industries across the U.S., as well as 93 percent of CEOs finding that they need to change their strategy for attracting and retaining talent, businesses today face a significant challenge when it comes to identifying and hiring best-fit candidates to reach company goals and objectives. However, one highly successful and cost-effective talent acquisition tactic that can be employed to quickly source top talent is creating an employee referral program. By leveraging the social and professional networks of their current employees, businesses can hire workers who fit in and perform better, stay with the company longer, and potentially know additional passive candidates to source for future hiring needs. With this in mind, let’s take a look at ways businesses can maximize the effectiveness of their employee referral programs to find and hire the best candidates and achieve business success.
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