We believe in the near future, all talent databases and search tools will converge – there are only 7 billion people in the world – sooner or later most competitive recruiters will find them.
Employee referrals are known to result in more efficient hiring. U.S. companies hire 29 percent of their workforce through referrals—and at least 88 percent of employers love employee referrals. At companies like Ernst & Young, referrals can account for up to 45 percent of non-entry level hires, according to The New York Times.
Hubspot, the inbound marketing and sales software for social media marketing, content management, web analytics and search engine optimization, has one of the best employee referral programs in the industry. Devon Brown, Recruiting Manager at Hubspot, is one of the secret forces behind this success.
Team Drafted attended Drift’s second annual Hyper Growth conference. It was jam-packed with speakers sharing their unique hyper growth stories and pivotal moments. Here are nuggets from some of the speakers about hiring and growing your team.
It takes a village to raise an all-star team. If you’re always helping, referring an amazing new teammate is the highest impact way to help any team accomplish their mission. With Drafted Communities, companies can curate, manage and build their own referral communities. You can create or join your very own referral community today, for free. Great hires don’t come just from employee referrals, they come from the community you build around your employer brand. Why community referrals? 40% of referral based hires actually originate from somewhere in your community. Your community includes friends, family, advisors, investors, customers, and anyone that cares about your company. Those of you in the recruiting world might also know these as external referrals. A[…]
When it comes to hiring, timing is everything. How many stories have you heard about the right person getting hired because they were in the right place at the right time? Or even more common, the right person was referred at the right time. Finding and sending referrals isn’t always the clearest and easiest process for people. And the only way to start getting a consistent flow of referrals is by making the process as easy as possible. Follow these 3 steps to simplify your referral hiring.
Guest Post: Getting poached sounds like just another cost of doing business, until it happens to you. My company, a video platform for businesses based in Kitchener, Ontario, was raided by poachers after a new company moved into the region. I soon heard through the grapevine that if their HR department discovered a potential recruit had already received an offer from us, they’d automatically make one of their own with an incremental signing bonus. In other words, they were essentially using us to do their employee vetting for them.
Guest Post: As one of the few female tech CEOs in Boston, I feel a tremendous amount of pressure to hire a diverse team. I fully believe that diverse teams are better teams. As a female CEO I thought it would be easier for me to find strong female candidates than other male founders, but historically, we have received 95% male applicants for all job postings which has led to a male-dominated team.
What’s better than getting great referrals? Getting great referrals where you really need it. That’s why we added a new feature in Drafted to help recruiters prioritize positions where they want to see a boost in referrals.
It’s the classic Catch 22 situation hiring teams find themselves in. You have a referral program in place with a bonus included for your open software engineering and account executive roles. After launching the program you start seeing an overwhelming boost in referrals but those account executive referrals are not up to par. It’s almost a complete waste of time to even sift through them.