If done correctly, employee referrals can drastically change your business.

The secret to finding valuable, high performance employees is to seek out your current valuable, high performance employees and attempt to pull from their network. Chances are the talent within your organization is connected to other great talent – whether from a mutual professional organization, personal friendship, or even a university alumnus. Of course, getting these employees to recommend their like-minded friends is easier said than done.

Make a better hiring decision by weighing both sides.

Employee referrals are great. Sometimes. Before you take the word of an employee on the next ‘perfect hire,’ be sure to weigh the benefits against the potential issues to help guide you as you make your hiring decision.