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Setting Up a Referral Bonus Program

Offering referral bonuses can help you nab better employees.
August 23, 2006
URL: http://www.entrepreneur.com/article/22340

Entrepreneur magazine, November 1998

With unemployment rates hitting rock bottom, you may be scrounging to find good, qualified employees. One idea: Offer cash bonuses as finders' fees. Rewarding your staff with bonuses for referring prospective employees offers a range of benefits, including potentially higher-caliber candidates, lower search costs and improved employee morale. If you're considering implementing a referral bonus program, law firm Wessels & Pautsch PC in St. Charles, Illinois, offers these tips:

Contact Source

Wessels & Pautsch PC, 2035 Foxfield Dr., St. Charles, IL 60174, (630) 377-1554

Jacquelyn Lynn is a business writer in Winter Park, Florida.