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That still costs you (the employer) money. It's like a DoS attack for your hiring system. E.g. a nefarious actor could harm a competitor by overwhelming them w
by discodave 4y ago
That still costs you (the employer) money. It's like a DoS attack for your hiring system.
E.g. a nefarious actor could harm a competitor by overwhelming them with fake applicants that it takes time to sift through.
- Aperocky 4y agoThis is the reason why employee recommendation have far higher success rate.
- ThePadawan 4y agoNow someone just needs to tell companies that the way to reward those is with significant cash in hand. I've had companies offer $500 for a referral, if that person took the job and stayed with the company for at least 6 months (this was for a position with a salary of ~50$ per hour).
- askafriend 4y agoI've never seen less than $5k, and for much needed roles it's usually at least $10k. I think it just comes down to the quality of company.
- giobox 4y agoIn my experience, most halfway respectable companies already do? 500 bucks is IMO on the low side for an employee referral in the US if it's for software engineering... the amount of money you save the hiring team alone in recruiting efforts is often in the thousands of dollars, and they often stay longer and are often the best hires - not surprising if former colleagues they like are already there... For roles I've worked, I've never seen less than $2k offered for a successfully recommended technical hire, both at startups and BigCos. Most places I've worked have offered around $5k.
- askafriend 4y agoTrue, but it costs you less if you just do it from minute 1 instead of letting them go through the process.