Question: Of all the recruitment methods available, arguably employee referral is the most cost effective. Referrals often yield good results because employees typically do not refer poor quality candidates to their employer. Like all options, referrals have disadvantages as well.
Respond to the following:
• Discuss the advantages and disadvantages of employee referrals as a recruiting strategy. Consider the following points as you prepare your postings.
º Discuss the impact on the efficiency of recruitment, that is, the time and cost of recruitment.
º Discuss the impact on the quality of recruitment, that is, the match between new hires and organizational needs.
º Discuss employee referrals with reference to an industry or profession of interest to you.