Today’s world is characterized by a huge demand for talent. In many industries in India for instance the demand for top talent far exceeds supply.
Such an environment pushed organisations to develop Employee Referral Programs. It started in the IT industry but as this article in the Economic Times says has taken roots in many other industries as well.
It is estimated that as much as 40-60 % of hiring takes place through Employee Referrals.
While this could be a smart move for organisations they should be careful, in my view, not to allow standards to be diluted by any slack in this program.
I would urge them to see the check list of one person I admire hugely, Dr. John Sullivan as they put such a program in place.