Incentives in the workplace can always be tough sell among employees. Usually it’s because they are already so busy with their work that they rarely have time to think about the awesome incentives employers can give them.
That being said, not all incentives are entirely money based or the cheesy “casual Friday” that some employers like to give out to show their appreciation. In fact, one incentive based program that we think goes above and beyond is the classic employee referral program.
Employee referral programs are pretty straightforward: find a friend you think would work really well in the company and tell them to apply and put you down as a reference. In turn, when they get hired you get a bonus, and you get to work with your friend.
Beyond personal benefits, employee referrals have an outstanding number of benefits for the workplace environment, culture, and company as a whole. Here are some reasons why you need to take advantage of the company referral program. Take a look below:
Employee referrals shape the company the way you want it to be. If you really love your company, then there is no doubt that you are going to hire a friend who will be good for the company. In turn, each and every referral/hire will help to shape the company into what you envision for the company.
They can build a better community. Employee referral programs are also a great way to foster a community of like-minded individuals. You most likely won’t refer a friend who clashes with you on how to approach your work (although opposite methods can sometimes help with creative output). Communication is key to running an efficient and creative company, so hiring those who you already know you can communicate with will only help make the company that much better.
It builds a sense of trust and leadership. Employee referral programs are about putting trust and a sense of leadership in the hands of the employees. If your employer is willing to listen to your advice and let you choose the next possible hire for the company, why not take advantage and show you have the ability to do so? In turn, you are making a direct impact on the company culture and that is a lot of responsibility to take on, which is a great achievement if you are willing to push yourself that far.
Employee referrals help seek out passive candidates. In the HR world everyone always raves about the passive candidate –someone who isn’t actively seeking out a job but would be a great fit for a certain position and should be reached out to. Your employer cannot be everywhere at once and doesn’t always know every potential candidate out there, so it is up to you to make an effort to find someone who you think would be a great hire.
Even if your friend isn’t looking for a job, don’t feel afraid to reach out to them and let them know that a position is available. You’ll most likely have a better chance of convincing them than your employer would. Plus, there’s no better compliment than letting your friend know that they would do really well working by your side.