Traditionally, employee referrals have helped garner top talent into an organization. It wasn’t a surprise that all but one of the CXR companies that responded to our survey have a formal employee referral program (ERP) in place. In fact, each company uses a financial reward as the primary bonus to compensate the employee for their help in acquiring a new employee. And they aren’t afraid to shell out the cash either. For salaried positions, the most common incentive bonus was a range between $1,001-$2,500. The compensation may seem exciting, but this was one of the few consistencies in the survey.
Our benchmark survey received a wide range of answers from our member companies.