get your recruiting cooking with the definitive source of hire report
TRANSCRIPT
Candidates referred by employees are the strongest sourceof hire. One reason employee referrals dominate might be the strength a personal reference receives in the hiring decision.
How do Sources Measure Up?
Industry Insight: Employee Referrals PROS • Speed to hire, lower cost
per hire • Higher retention rates • Lower training costs • Best for specialized
positions— engineering, computer science
• Better “culture fit”
CONS • Insular teams, self-
reinforcing ideas• Can decrease diversity • Potentially less
innovation• Open to charges of
cronyism
Off-line sources include campus recruiting, agencies, walk-ins, and events
Online sources include job search engines, jobboards, and social media sites
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On Campus: A New Batch of Talent
Employers plan to increase their college graduate hiring by 11% in 2016.
Employers’ perspectives on the health of the labor market are also improving: 42% described the job market for Class of 2016 graduates as “very good” or “excellent,” compared with just 18%from the Class of 2014 survey.
Job Outlook 2016 Survey, National Association of Colleges and Employers
Weigh Your Sourcing OptionsReview, Adjust, Improve
You might think that if your sourcing strategy “isn’t broke don’t fix it.”
However, new sources perennially emerge, so talent acquisition professionals have to staycurrent to be competitive.