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Many organizations increasingly use employer referrals to identify potential job candidates, leveraging existing employees' social networks for internal recruitment. This trend has grown due to the overwhelming volume of applications from job boards and the need for more efficient hiring processes. Some companies set specific goals for hires from referrals and offer incentives, such as cash rewards, to employees who successfully refer candidates. Research indicates that these referral programs are among the most effective recruiting methods. Additionally, employees hired through referrals generally exhibit lower turnover rates and higher job satisfaction compared to those recruited through formal approaches.
