Employee Referrals: Boon or Bane

Employee-referral programs have been used for decades to fill about 30 percent of job openings. Your company may have an employee-referral program, but is it being leveraged to close positions quickly?

As reported by The Economic Times- “Leading IT companies like Wipro have doubled cash incentives for each new hire joining through internal staff reference from around Rs 20,000 paid earlier to Rs 40,000. Rivals Infosys Technologies and Tata Consultancy Services too are doling out more incentives to encourage those on their payroll to search for and bring in staff.”