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4 Benefits to Employee Referrals
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By: Sherene Bonelli
Higher candidate quality
Data shows that referral candidates can be five times more likely to get hired than other candidates.
Quality of hire
New hires from employee referral routinely produce the highest on-the-job performance of any recruiting source. In addition, referral new-hires have significantly higher retention rates than hires from other sources
Less wasted management time
Because employee referral generate fewer weak applicants, managers have to spend less time interviewing weak candidates and sorting through less-than-optimal resumes.
Quality referrals produce a high percentage of candidates that fit the culture.
Candidates are a better fit