No doubt there are often various attractive perks in working for a small or large company. However, for me I feel that the referral bonus has always had a great appeal. I mean the requirements seem very simple. Step 1 - find someone looking for a job (statistics show that a large percentage of people are always looking for a job even if they have one). Step 2 - sell the company that you work for to that person. Step 3 - tell your internal recruiter that you like this person and they should be hired. Step 4 - get that person hired and hope they work for 90 days or however long it takes for you to get that bonus. Easy right??
In the past 5 years in the IT/Project Management Industry, I have not been able to get 1 single person to transfer their employment to the company that I worked for. And not to be boastful, but I have a good amount of 'friends circles' and business relationships. I discovered this list of Do's and Dont's for an effective Business Referral Network and I can say honestly that I comply with every suggestion.
Part of it is most likely because I look to work for small-niche like companies that are not compelling to the mass amount of job-seekers. But there has to be more to this puzzle than that. So recently I've devised a new strategy, the referral bonus. Often times my company will raise the referral bonus to what I think is an appealing amount, for the networking effort I would have to put in to get someone interested and hired. I have begun to offer a percentage of such bonus as another incentive. Kind of like my own signing bonus for friends/contacts who are looking for a new job. So, for anyone reading and interested and looking for a job, i'll agree to an extra $500 (20% of the total) upon acceptance and employment for more than 90 days. Will pretty much try anything at this point, think it will work?