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Organizations increasingly rely on employee referrals as an internal recruitment method to identify potential job candidates from their employees' social networks. This trend has grown due to the high volume of applications from job boards and the need for more efficient hiring processes. Some companies set specific goals for internal referrals and offer incentives, such as cash prizes, to employees who refer candidates that are successfully hired. Research indicates that referral programs are among the most effective recruitment strategies, as employees hired through referrals typically experience lower turnover rates and greater job satisfaction compared to those recruited through more formal methods.
