Asking your employees to recommend members of their network for job openings is an effective hiring method. Each employee who refers a candidate who becomes a new hire and remains for a set time typically receives an incentive.

An employee referral typically fits with your organization better than a non-referred candidate. As a result, employee referrals boost your hire quality.

Discover how employee referrals boost your hire quality.

Employee Referrals Have High Conversion Rates

A candidate with no connection to your company must undergo extensive screenings and interviews to determine their qualifications and fit with company culture. In contrast, an employee referral has a personal connection with your workforce. Therefore, the employee can provide extensive details about the referral’s background, qualifications, and fit with company culture. As a result, employee referrals typically receive more job offers for roles that non-referred candidates apply for.

Employee Referrals Decrease the Time to Hire

Hiring a non-referred candidate takes longer than hiring an employee referral. For instance, a non-referred candidate must undergo resume screening, extensive interviews, and background checks before potentially receiving a job offer.

In contrast, an employee referral has an employee advocate. Therefore, the employee can attest to the referral’s knowledge, skills, and experience. Also, because most people spend time with others who have similar personalities, the referral is likely to fit with your company’s culture. As a result, the referral typically needs a short interview process before potentially receiving a job offer.

Employee Referrals Strengthen Attraction and Retention Rates

An employee referral tends to remain with your company longer than a non-referred employee. For instance, an employee referral already knows a member of your workforce. Having personal ties to an organization encourages the employee to remain long-term.

Conversely, employees who lack personal ties from Day 1 can struggle to adapt to their new role and the culture. Therefore, if the employee does not form work relationships for guidance and support, they likely will not remain loyal to your company.

Employee referrals typically have higher job satisfaction than non-referred employees. For instance, an employee referral likely received accurate information about the company structure, culture, job duties and responsibilities, expectations, and other relevant details. As a result, the referral should understand what to expect and remain for several years.

In contrast, a non-referred employee might have received inaccurate information or misinterpreted the information. Therefore, the employee’s experience might not match their expectations. As a result, the employee likely will look for a new job within a short time.

Would You Like Help Boosting the Quality of Your Hires?

Employee referrals have high conversion rates, decrease your time to hire, and typically remain long-term. As a result, you save time and money on hiring, onboarding, and training.

Similar to employee referrals, Arlington Resources can provide you with HR candidates to boost the quality of your hires. Connect with us to find out more today.