Referral Bonus

What does it mean?

A Referral Bonus is a reward that an organization offers to employees who refer qualified candidates for job openings. The bonus is typically paid out once the referred candidate is hired and completes a probationary period.

What are the advantages of offering Referral Bonuses for a business?

Referral Bonuses can help businesses to attract top talent through employee referrals. It can also be a cost-effective solution for businesses, as it reduces recruitment costs and improves the quality of hires.

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