Solution
Option 1 -> Employee referral programs complement external recruitment channels rather than replacing them entirely, as companies still need diverse sourcing strategies.
Option 2 -> Referral programs typically offer referral bonuses to referring employees, but don't provide higher base salaries to employees in general.
Option 3 -> Referral programs aim to attract quality candidates rather than reduce applicant numbers, focusing on candidate quality over quantity reduction.
Option 4 -> Current employees understand the company culture and values, so they tend to refer candidates who would be a good cultural fit, leading to better alignment and retention.
Hence, Option 4: It ensures cultural alignment of new hires -> Employee referral programs leverage existing employees' understanding of company culture to identify candidates who will fit well within the organization, resulting in better cultural alignment, higher retention rates, and improved team cohesion -> correct