Value of Referral Hiring: Why it's all about who you know?

Value of Referral Hiring

Why it’s all about who you know?

Companies and Recruiters use a variety of sources like job portals to find appropriate candidates for

their coveted positions

Today, recruiters and companies are utilizing employee referrals

to find the best qualified applicants

Your employees have immense number of possible candidates within their respective social

networks

Why hire through referrals?

New research says career sites and job boards have highest number of applications, but their

conversion-to-hire rates fall far behind referrals.

Only 7% of APPLICANTS come from REFERRALS and

this small number ACCOUNTS FOR NEARLY HALF of hires (40%)

TIMING IS EVERYTHINGREFERRALS ARE HIRED FASTER

By Number of Days

Employees hired through referral are 55 PERCENT FASTER than those who come through career site

Referral hires have greater job satisfaction and stay at companies

much longer than their counterparts

47 PERCENT of referrals and 39 PERCENT of those hired through CAREER SITES stay for THREE YEARS OR MORE, while only 14 percent of

those hired from job boards stayed.

By utilizing social networks and tapping into current employees networks, recruiters can

increase referral rates and thereby, the number of highly qualified applicants within

their talent pools.

Use GrowOut to fasten and optimize you Referral Hiring Process

For more details, visit our website

www.grownout.com

Signup for the 90 days free trial today!