Top 10 Employee Referral Reward Ideas

Ivan Cubela | 2/20/2017 | HR Trends

Many HR professionals say that referrals are their best employees. They get hired faster, they learn faster, they are more loyal and stay longer with a company. Thus, having a well structured employee referral reward program is extremely important. Use this list of top employee referral reward ideas to encourage your existing employees to refer friends and family for your open job positions. Find out what are your employees' biggest motivators to increase the program's efficiency. Often, you don't have to look for a great new hire further than within your own office. 
Top 10 Employee Referral Reward Ideas

List of top Employee Referral Reward Ideas

  1. Money – it is very important to find a perfect balance because it is not good to offer too much just as if you offer too little.  Most of people are driven by financial rewards.
  2. Tickets for an event – people love to get things like court side seats of a game, VIP access to a concert that is sold out or movie tickets to a premiere. This gives you a lot of space to simply find out about your employee’s interests and use it to your advantage.
  3. Food and drink – never underestimate the power of a good restaurant. Specially if it is impossible to get a reservation there. You can also offer week off breakfast/lunch in your company’s buffet or similar kind of discount.
  4. Day(s) off – additional days off are more than a good way to motivate someone to put in the extra effort.
  5. Trip – plane/bus/boat tickets for a trip with a family or a girlfriend/boyfriend would be a great benefit for people who love to travel.
  6. Relaxation - stress is a number one health problem and people are always searching for a way to relax or blow out some steam. A spa center or gym/personal workout is a good way to go with.
  7. Adventure – some people love adrenalin and they want to try new things. Paragliding, hot air balloon, adventure parks, water parks etc. Be creative. 
  8. Charity – some of the companies are full of people who really care a lot about environment, animals, people in need and other community important issues. Offering the gift cards for different charities or donations is a great way to show appreciation.
  9. Social recognition – people love to be recognized as someone who did a great job so give them exactly that! T-shirts, thank you signs, giant check, recognition in the company’s newsletter etc.
  10. Department competition – you can make a competition out of it that the best people may win. The department that wins, gets better… something.

If you need more ideas for employee referral rewards, here is a free list of 50 most popular employee referral rewards.

The reasons to use employee referral rewards are numerous. Start planning and organizing your program today, and I can promise you, you will see an improvement in your recruiting and hiring strategy, and become a more successful recruiter.

Features of a modern recruitment marketing software offer solutions for more streamlined and automated referral programs. Learn how TalentLyft can help you streamline your recruiting and hiring strategy. 

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