Employee referral schemes encourage existing employees to recruit candidates from their social networks. Intel Corp. uses both monetary and non-monetary incentives in their employee referral program, such as cash rewards and raffle prizes. Employee referrals provide benefits to employers like reduced costs, improved candidate quality, and retention of existing employees. They also provide faster hiring with a higher rate of job offers being accepted from referred candidates.

1. RECRUITMENT VIA
EMPLOYEE
REFERRALS

2. Employee referral scheme
encourages a company's existing
employees to select and recruit the
suitable candidates from their
social networks.
REFERRALSCONTINUETO
DOMINATE..

3. Intel Corp. -ERP
 Intel Corp. uses a combination of
monetary and non-monetary incentives
 In addition to a cash reward for
referrals, the company also offers a raffle
for those employees who've made
referrals. Ex : a $1,000 travel voucher or
a home entertainment system.
 50 percent of the company's new hires

4. WHY-ERP?
Reduced
recruitment work
Improved
Candidate Quality
Retention
Offer incentives
and reward to
employees
Reduction in cost
of Recruitment
Benefits

5. Benefits
Cont..
High Rate of
Offer
Acceptance
Faster
Process
Diversity
of
Candidates

6. Conclusion
 Employee referrals provide a win-win-win
situation to all the parties involved –
Employer , Employee and the Candidate
 More and more firms are resorting to
employee referrals and are reaping the
benefits