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The Top 8 Reasons to Refocus on Employee Referrals During Low Unemployment

Employee referral programs should produce 50 percent of all of your hires

Employee referral programs should be producing 50 percent of all of your hires because they are the most powerful corporate recruiting tool by far.

Over many years, data has revealed that scientifically designed corporate employee referral programs, compared to all other sources, literally produce both the highest quality of hire and the highest percentage of hiring volume. However, many talent leaders are surprised to learn that when the unemployment rate is extremely low, and the economy is booming, the quality of the referrals improves significantly.

Below are the top reasons why the quality of referrals at your firm should be improving along with the economy.

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