Successful organizations understand that leveraging the resources of their own employees will give you positive results. Here are 5 reasons why referrals may be the best option when it comes to expanding your talent pool.
1. Referral candidates have been pre-screened
If you have confidence in the talent you already have in-house, you have a good chance that referrals submitted by this talent will also meet your company standards. This is due to the fact that employees who have been working for an organization for quite some time are familiar with the hiring process, and will be able to serve as front-end screeners for potential candidates. This also means that established employees can help filter out candidates with the right job competencies, educational background and skills.
2. Referral candidates are untapped talent
Often, it can be best for your organization to step outside the traditional recruitment pool. Passive candidates are an untapped talent pool that is difficult to attract and hire due to inaccessibility. These candidates have permanent jobs and potentially excellent results. Since they are not actively pursuing other jobs, the referral method is the best way to attract these passive candidates to come work for your team.
3. Referral candidates fit easily into the work environment
With referrals, fitting new employees into the work environment and organizational culture should not be as difficult as with traditional candidates. It is more than likely that these referred employees have already built relationships with people who work in your organization. This makes it easier for the employee to adjust to the organizational culture and work environment. This also makes it easier to identify contacts who can help new hires transition into what is for them a “new” office life.
4. Referral candidates are likely to work harder
Consider this: you already have a growing organization, and so you feel the need to expand. You have a team of trusted employees who deliver quality performance because they meet your expectations every day. When you place your trust in your organization’s top employees, you can also feel free to place your trust in their referrals. It’s one of the unspoken fundamentals of employee referrals. People will most likely bring in like-minded employees who produce similar results.
5. Referral candidates are not as likely to leave
Finally, here’s another benefit of recruiting through employee referrals: employees who came in as referrals are more likely to stay longer than those who didn’t. This benefit is attributed to several reasons, including an employee’s overall joy of the recruiting process and ease of adjustment to an organizational culture. This reduces the likelihood of employee turnover and ensures that you have a solid team that will help your company achieve its long-term goals.