Tuesday, May 18, 2010

How Employee Referral Bonus Programs Can Work For You ... Or Against You

Today, most large and mid-sized companies use employee referral bonus programs in their recruiting. It surprises most candidates that these programs can actually hurt their chances to get a company interview. Here are some ways you can improve your odds by changing how you apply to a company using an employee referral bonus program.

Many companies offer referral bonus programs to employees for referring friends and contacts for internal positions. These programs can provide an incentive of anywhere from a few hundred to a few thousand dollars to employees referring a candidate who is hired. Most candidates think that being referred by an employee is the "golden ticket" to getting a company interview - this concept is often a mistake.

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While each company is different, there are many commonalities to how companies handle resumes through employee referral programs. Employee referral bonus programs can represent an advantage to candidates, a disadvantage, or make little difference at all - depending on how you send in your resume or apply for a job.

( Continued ... Why Do Companies Use Employee Referral Programs? How Can I Tell If A Company Uses An Employee Referral Program? )

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Related Articles:
Networking For Job Search - Organize your contacts for increased search effectiveness
Why Candidates Should Avoid The Ambush Informational Interview

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Steve said...

The reed more link is broken...

Phil Rosenberg said...

OOPS! Corrected. Thanks for notifying me, Steve.