For those in-between or looking for work, this infographic by Jobvice emphasizes the importance of having a job referral. The ‘Why Employee Referrals Are the Best Source of Hire’ infographic states that employee referrals are the number one way employers find new recruits.
For students, career-changers and employment searching adults alike, find a job isn’t always easy. While competing with up to hundreds of candidates, Jobvice points out that having a referral can positively boost your chances to employment. With job referrals accounting for over 40% of filled positions, referrals really do play an important role in the job world.
Not only do referrals help employers, according to this infographic jobs are found faster, simpler and with less hassle and 46% of referred employers stay longer at their jobs.
What's Driving This Trend
- Job Referrals
- Opportunity for platforms or services that connect job seekers with potential referrals to increase their chances of employment.
- Referral Recruitment
- Opportunity for companies to develop innovative referral programs to attract high-quality candidates.
- Retention Through Referrals
- Opportunity for organizations to leverage referral programs to improve employee retention and engagement.
Who This Affects Most
- Recruitment and Staffing
- Disruptive innovation opportunities to create platforms or technologies that streamline the job referral process.
- HR Technology
- Opportunities to develop software or tools that help companies track and incentivize employee referrals.
- Employee Engagement
- Opportunity for companies to implement referral programs as part of their overall strategy to improve employee satisfaction and retention.
