How Heavily Do Companies Weigh an Employee Referral?

By Jeff Altman, The Big Game Hunter

Employee referrals? Company’s love employee referrals! Here’s why.

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How heavily does a firm weigh employee referrals? I’m Jeff Altman, The Big Game Hunter. I want to speak with you about that today. I’m a coach who worked in search for more than 40 years, filled a boatload of positions like a big boatload of positions and if you’ve been in the field for any period of time, you know that firms like saving money.

One of the ways they save money is employee referrals versus agency fees. What does an employee referral provide that a recruiter doesn’t? And the answer is a testimonial. It’s like going to Facebook, going to LinkedIn and seeing all the check marks and the comments of support for someone.

Now, the proviso is, of course, do you trust the person who’s giving the referral or are they just another imbecile on your staff? If an imbecile, there’s no value whatsoever. However, they may know you and your taste and, thus, they can make a good referral. No matter.

Firms like employee referrals because there’s a testimonial that comes with it and a reduced cost. Some firms will pay an employee referral bonus and, thus, they may like paying $5,000 or $1,000 as a referral bonus versus $20,000, $25,000 or $30,000 as an agency fee. Well, if they come without an agent, no matter.

It’s a cheap referral source and they like that. I’m Jeff Altman. I hope you found this helpful.

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My website is TheBigGameHunter.us. Go there. Go exploring. There’s a lot there in the blog.

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Schedule what you prefer. I’d love to speak with you and see how I can help. Have a great day and take care!

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ABOUT JEFF ALTMAN, THE BIG GAME HUNTER

People hire Jeff Altman, The Big Game Hunter to provide No BS job search coaching and career advice globally because he makes job search and succeeding in your career easier. 

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You Need to Fix Stupid Hiring.

He is the host of “No BS Job Search Advice Radio,” the #1 podcast in iTunes for job search with over 2900 episodes over 13+ years.

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