Referral Programs Cheapest Way to Find Talent: Survey

Topics:
Human Capital,
Interviews,
Talent Management
Tags:
CFO Publishing Corp.,
Marketing,
Marketing Research,
Survey,
Talent
Source:
CFO Publishing

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Overview: Each salaried employee hired through an employee-recruitment program costs an organization about $900 in incentives and rewards, while each worker paid hourly costs about $400, according to the survey by the Society for Human Resource Management (SHRM) and Referral Networks, a company that manages and hosts online employee-referral programs for Fortune 500 companies. At least 65 percent of respondents said their organizations have either a formal or informal employee referral program, according to a SHRM press release.

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Format: HTML | Date: Jun 2001

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