What’s the best way to recruit — and later retain — employees? Company career sites? Networking? Word of mouth?
According to studies, it’s actually employee referrals. These employees are also shown to stick around for extended periods of times, as opposed to those who are found through different methods.
Since referrals are shown to produce better workers, it’s important to encourage your current employees and extended network to be involved in the recruitment process. This infographic, compiled by social employee referral management platform Zao, shows you how to get started with an employee referral program in order to attract and keep great workers.
Here are some key points to note:
- Nearly 3 in 10 employers have caught a fake reference on a job application
- Statistics show 1 out of every 5 referrals get hired
- Methods such as gamification grow employee engagement in the referral process; 55% are interested in working for a company that uses gamification to increase productivity
- Referrals are the highest quality hire