Too Long; Didn't Read
A recent post on the First Round Capital blog promoted “referral hiring” as the go-to form of talent sourcing for young companies. There was little mention of the introduction of misaligned incentives and the downside risks associated with those new incentives. To drive a significant volume of meaningful referrals, focus on a feedback loop with your employees that address their root concerns. Ask them directly, “What can we do as a company to improve the likelihood of you recommending us to those in your network as a place to work?”