Driving a better quality of hire using employee referral
Hiring an excellent person delivers exceptional value to the business. A high-performing professional can do double the revenue as compared to the typical salesperson. Within the World of Engineering, there is a term called a 10X developer, this is often a developer who is exponentially better than every resource around him hence, the term 10X.
Finding such top-quality talent is becoming critical for talent acquisition teams, the most important question today is how you can impact the standard of hire using the proper sources of hiring. Employee referral is a channel where your employees connect a high potential candidate and convince them to join the organization.
Why is employee referral historically connected with an honest quality of hire? Usually, high-performing employees enrich working with high-caliber talent. We spend almost 30 percent of our lifetimes at work and there is nothing more exhilarating than working with a high potential person. If you think about it, your employees remember high-performing people much more and build relationships with them just because.
they are capable.
they have been helpful.
they like to experience working with them again.
In the Social Media world, everybody is connected. once you put the employment post out, an employee immediately thinks of that friend who helped them or that colleague who was extraordinary in their previous roles and recommends them to your organization.
Employee referrals are known to deliver talent which is 32 percent better in terms of productivity than the other source. The retention through this channel is nearly 23 percent, better than the opposite sources.