1. The Best Employee Referral
Bonus Strategy
to be considered for a successful
Employee Referral Program

2. Bonuses are the biggest motivator for employees to
refer candidates, but what should be the quantum of
bonus as well as the criteria and modalities of
payment still remain a subject wide open for
discussion among the recruiting fraternity.
Here are some of the best practices in employee referral programs which seek
to reward employees in small ways for the very act of referring irrespective of
the outcome for successful hiring.

3. Pre-plan your employee referral spend
Plan a hiring budget against each job description
which allows organizations to implement a tiered
employee referral bonus program which rewards every
employee who has made a relevant referral.
This acts as a great motivator to draw more referrals.
Employee whose referral is finally hired is rewarded
with the highest bonus, while employees whose
referral make it to the final list but are not hired get a
lower portion and so on.

4. Try Non – Monetary Rewards
Cash incentives are not the only ways to motivate
employees in an employee referral program.
Small gifts like gift cards or t-shirts or other
merchandise offered on a regular basis help to keep
employees engaged with the hiring process.
Another way is to offer employees who have referred
candidates an opportunity to participate and win in a
larger prize draw like a laptop or a TV or a holiday etc.

5. Pay more and hire fast!
Attach a supplemental referral bonus amount for
positions or roles that are hard to fill as they require
specialized and niche skill sets.
If you are looking to hire fast for a position, a good
option is to introduce limited period bonus add on for
referring candidates upto a specified date post which
the supplemental bonus is removed.
Make sure these bonuses and rewards reach the
employee on time since responsiveness is the key to a
successful employee referral program.

6. Appreciate everyone !
It is important for the recruiters to understand that
the success of any referral program lies in the
participation of its employees.
Motivating your employees hence plays an
important role for running a referral program.
Companies should go beyond referral bonuses to
recognize employees who have contributed
significantly to the success of employee referral
program by felicitating them at office functions or
with handwritten notes from senior leaders.

7. With these simple steps you are sure to see improved results in your referral
program. And if you need a tool that will help you seamlessly achieve all of this,
ZALP is just a click away
You may also opt for a free consultation on improving your referral program
results. Our employee referral specialists would be glad to help.

8. For more information, visit
www.zalp.com
To book a free demo, drop a mail to
info@zalp.com
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You may also call us for any other assistance
1-866-217- 1267