Employee referral in India still strong in crunch times

Always interesting to hear how effective employee referral is, especially in such important regions as India. Shamik Paul at India's Business Line talks about the growing success of referral schemes in India for big IT outsourcers

Referral Stats:
TCS: 32% of hiring last year was through ‘Bring Your Buddy’

Infosys: 45% of lateral hiring is via referrals.

Satyam: Hiring costs are significantly down.

Wipro: Big gain is better quality of new hires


http://www.thehindubusinessline.com/2008/08/15/stories/2008081552030400.htm