The employee referral rate is the ratio of employees employed to candidates referred by employees through the employee referral program. It is a structured internal hiring program in which businesses find good talent by encouraging existing employees to promote their friends and acquaintances in exchange for a referral bonus or reward. The employee referral rate is the ratio of employees employed to candidates referred by employees through the employee referral program. It is a structured internal hiring program in which businesses find good talent by encouraging existing employees to promote their friends and acquaintances in exchange for a referral bonus or reward.
