One highly effective and often underestimated source of superior candidates for an open position lies in employee referrals. Embracing the potential of referred candidates can unlock a multitude of benefits for your organization.
The Referred Workforce
Referred employees are not only valuable additions to your team; they also serve as enthusiastic advocates for your company. According to Forbes, almost two-thirds of referred employees referred at least one person to their current company. This speaks volumes about the satisfaction and engagement of your current workforce. When employees actively refer candidates, it showcases their belief in the company’s culture, mission, and growth potential. This organic promotion of your organization can elevate your employer brand and attract like-minded talent.
Beyond the organic advocacy, referred candidates consistently stand out as top-notch professionals in the eyes of employers. Forbes also found that referrals are the leading source of superior candidates for 88% of employers. This staggering statistic underscores the high quality of talent that referrals can bring to your organization. Referred candidates often possess a better cultural fit and a stronger alignment with your company’s values, making them valuable assets from day one.
They can also significantly expedite your hiring process. Referred candidates tend to have shorter time-to-fill metrics compared to other sources. When employees refer someone they trust and believe would be a great fit for the company, the recruitment process becomes more streamlined and efficient.
Employee referrals tend to have a positive impact on employee retention. When referred candidates feel welcomed and connected from the start, they are more likely to remain loyal and committed to the organization. This positive experience during the onboarding process fosters a sense of belonging and increases the chances of long-term retention.
Understanding the value of a referred candidate is crucial for optimizing your hiring strategy. By leveraging employee referrals, you tap into a pool of superior talent, enhance your employer brand, and streamline your recruitment process. Embrace the potential of referred candidates and witness the positive impact they can have on your organization’s growth and success. Contact Refered today for more information on how to encourage referred candidates from your employees.
The Lost Art of Employee Referrals, The Most Effective Recruiting Strategy
Join industry leaders, Fletcher Wimbush and Eric Olsen, on August 24 at 11am Pacific Time as they delve into a profound exploration of “The Lost Art of Employee Referrals, The Most Effective Recruiting Strategy”.
Eric Olsen, the innovator behind Refered, and Fletcher Wimbush, the powerhouse of Discovered Performance Hiring Software, will unpack the hidden potential of employee referrals and why this powerful tool often goes underutilized in talent acquisition strategies.
For more information, visit the LinkedIn event page.