Friday, October 21, 2011

Technology Enabled Referral Programs Increase Referral Based Hires Significantly

At the LinkedIn Talent Connect conference I listened to the Chief People Officer and the Director of Talent Acquisition from Redhat talk about their referral program. The Director of talent Acquisition told me that the percentage of referrals went from 25% to 45% after they designed a referral program and implemented a referral management system. Industry average for referral based hires is 17-20%.

I also polled a few other Talent Directors at the conference to verify if using a referral management system, along with a good referral process, significantly improves referral based hires. They confirmed that the use of a referral process along with a referral management system increases their referral based hires significantly.
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