A proven way to improve the quality and quantity of your applicant flow is to create an employee referral program for your supply chain organization.
According to Dr. John Sullivan, an international HR thought leader, 88% of employers claim that referrals are the #1 source for hiring above-average candidates. A recent report by ERE found that after one year, retention of referred employees is 46% compared to 33% from career sites and 22% from job boards. On average, it only takes 5 referrals to make a hire, as with a job board it can take hundreds of applicants.
Referral programs can vary from company to company based on company culture, supply chain organizational structure, and the overall goals of the program. We’ve identified six common characteristics that you’ll find in most successful employee referral programs.