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151 Quick Ideas to Recognize and Reward Employees
book

151 Quick Ideas to Recognize and Reward Employees

by Kenn Lloyd Ph.D
April 2007
Intermediate to advanced
192 pages
3h 10m
English
Career Press
Content preview from 151 Quick Ideas to Recognize and Reward Employees

72Rewards for Referrals

If you bring your employees into the recruitment process and provide rewards and recognition for referring solid candidates to the company, you are generating more than the classic win-win outcome. You are generating a win-win-win outcome.

The company wins because you are hiring strong candidates at a fraction of typical recruiting costs. The second winner is the applicant because he or she gets a job.

Winner number three is the employee who made the referral. This employee should be given a cash award after the new hire has remained with the company for a predetermined period of time, such as three months. Depending on the job level, the reward can be $100 to $500.

In addition, when you hire individuals recommended by ...

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Publisher Resources

ISBN: 9781564149459