Did you know that employee referrals are the number one source of external hires?
According to Mark Mehler and Gerry Crispin co-founders of CareerXroads and authors of the Annual Source of Hire Report, 27.5% of hires are the result of employee referrals. If you are spending hours searching job boards for your next career opportunity you may want to reconsider how you are spending your time.
If those stats aren’t enough to convince you, here are 4 more reasons to rethink your job search strategy:
1. Your resume will get read. Company recruiters will always review and respond to an employee referral because they know if they don’t their own reputations could be at stake. And the higher up in the company the referral, the more attention your resume will receive. Just ask any recruiter who receives a referral from one of their company executives. These are treated like gold!
2. You get in first. Employee referrals have a competitive advantage over other external applicants. After internal candidates have been considered, recruiters will turn to employee referrals. Last on the list are resumes received via other external sources, job boards and the like….the unknown candidates. If the employee referral is a match, no need to tap those other external resources.
3. Employee referral programs. Employees are encouraged to refer people they feel would be a good fit. And
if there is a match, the employee is paid a monetary bonus. These programs are successful because they are both
cost effective and companies know their own employees are some of their best recruiters.
4. You make it easy for the employer. Recruiters don’t have to sift through hundreds of resumes of anonymous people they don’t know. This also speeds up the hiring process which makes hiring managers very happy. Plus, companies reduce their recruiting costs. It is a win-win for everyone.
Employee referrals are a gold mind for companies and job seekers alike. If you are having trouble getting hired, try focusing your energy cultivating the relationships of others who can help get you hired. I will discuss how to generate job leads through employee referrals in a future article. Follow us on Twitter and Facebook.