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Articles: Time Pass | Worst & Best Practices
- Prof. 00782 Maverick
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The 10 Best Corporate Practices
Employee-referral bonuses, town hall meetings, and matching contributions are some of the tactics that make people feel good about their employers.
I don't remember when I first heard about employee-referral bonuses, but I remember how jazzed I was once I understood the concept. The company needs employees the current employees have friends it's a match made in heaven. Done right, an employee referral bonus program can lower the cost of hiring, improve morale, and lower turnover, and what company wouldn't
kill for those things?
I've been a fan of employee-referral bonuses for at least 20 years, and that's why they've made our list of the 10 Best Corporate Practices. This list 10 ideas that make great sense for employees and for the organizations that employ them - is the sister list to our 10 Worst Corporate Practices roster.
Employee-Referral Bonuses
The company gets a new employee with no recruiting fee, your friend gets a new job, and you get a check and the gratitude of both your friend and employer. What's not to like?
Employee-Driven Transfer Policies
I'm all in favor of policies that let you apply for jobs posted internally without your manager's approval. After all, different folks do better or worse work for different managers. And smart companies would rather have people stay in the organization than move to another employer because a
self-interested manager blocked a requested transfer.
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