One of the presenters, Reppify’s Chirag Nangia, called on HR to do a better job with employee referrals. “Referrals often make the best employees,” he said, noting that they have the lowest termination rates of all employees, are 30% less likely to quit and are the least costly to recruit–even when factoring in referral bonuses for the referring employees. However, Nangia added, at too many companies the referral process is manual and outdated, which can cause the organization to potentially miss out on some valuable hires.

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