You’re Hıred!

Internal referrals: Another inexpensive and effective way to recruit new talent is to ask current employees for referrals. If you don’t have one already, consider setting up an employee referral program that pays employees for referring candidates who are hired. It’s a powerful incentive.

Always leverage this option before running an ad or hiring a headhunter. Companies find more quality employees through internal referrals than all other search methods combined. In a 2005 survey, strategic management and technology consulting firm Booze Allen Hamilton found that 19 percent of all new hires came through employee referrals.