I was recently working with a client on their recruitment process, and one of the areas that they were keen to explore was around employee referral rewards / incentives. They knew what they were currently offering was minimal, and wanted to be able to offer a range of incentives to reward their staff for referring new employees to the company.
So using my network on LinkedIn and other contacts, I reached out to all the HR and recruiter contacts (corporate and agency) to see what other companies were doing around employee referrals and what they were giving as incentives. The question that I posed was, "Does anyone know of any employee referral rewards / schemes, that are a little different?" Thanks to the fantastic response I received, I was able to make some excellent suggestions to my client.
Nearly every email I received asked me to inform them of what all the other answers were, so knowing retaining talent is a favourite subject at the moment, I have compiled a list of the Top 20 employee referral rewards offered by companies below (It had to be 20 because there were many good ideas!):
1. Time off. This was the surprising winner, with companies giving time off for successful referrals, ranging from an afternoon, to a day, to a week (very generous!).
2. Cold hard cash! As always money talks, and this ranged from £200 up to £3000 per referral.
3. Travel Allowance. With petrol prices and travel in general getting more expensive, no surprise this came in at no.3. Answers included petrol paid for and train fares covered.
4. Special Event. An example being a fully paid trip to Monaco Grand Prix
5. Holiday. A week away at a choice of destination, fully paid.
6. Restaurant. A long lunch at a good restaurant to include the person referred to the company
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