An Employee Referral Program is a recruitment strategy where current employees recommend potential candidates for job openings within their organization. This program often incentivizes employees with bonuses or rewards if their referred candidate is hired and stays with the company for a specified period. It aims to leverage the existing workforce's networks to find qualified candidates who fit the company culture. These programs can enhance the hiring process by reducing time and costs associated with traditional recruitment methods. Additionally, referred employees often have higher retention rates and job satisfaction, benefiting both the organization and its workforce.