Referral hires are the most profitable hires, are 30% less likely to quit (Burks et al), have the lowest termination rates, and are 1/10th of average cost per hire. However, many companies miss out on employee referrals due to inadequate employee referral programs that don’t engage employees. IBM created a high-performing referral program that increased employee participation and used AI to generate high-quality referrals, tapping into employees’ existing network contacts to create pools of potential referral candidates, and letting IBM employees and recruiters see the best matches. Find out how innovative uses of technology can help you ramp up your own employee referral program.

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