Every employee has up to 1,000 LinkedIn and 340 Facebook contacts in their network.
Referrals are the most valuable recruiting channel. Nevertheless, many companies fall short when it comes to referrals.
Covid-19 caused uncertainty for HR departments, but 91.6% of respondents are still looking for suitable candidates.
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Referrals are everywhere. They guide our decisions. They’re credible, free of charge, and save time. We pass them on to friends and acquaintances. For 85% of companies, employee referrals are an integral part of their recruiting strategy.
There is no one-size-fits-all approach for referral program success. Depending on the industry, culture, company size, and internal programs and structures, every company must find its own strategy. This study provides a basis for this and reveals general trends by analyzing 143 programs.
In order to recruit the best talent on the market, a strategy is required to reach and recruit passive candidates. The large networks of your employees offer the best opportunity.
So how does your employee referral program in my recruiting strategy compare?
This report from Firstbird gives insights into the success and use of employee referral programs. The report also supports HR managers with the internal creation of a business case and it provides insights that will help companies define their own referral strategy.
