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Why Your Current Employees Are a Great Source for Your Future Employees

March 15th, 2016

When you need to fill a role at your company, you have two options: Look internally for someone to promote, or look externally for someone to hire. Both of these approaches have advantages, but significant disadvantages as well. Consider that there is a third way – looking internally to help you find someone externally. Your current employees are one of the best resources you have for recruiting. Here’s why you should make them a part of the process:

  • Expedite the Hiring Process. Impressively, as high as two-thirds of the candidates that come from referrals end up getting hired. If you can’t afford to run a protracted recruiting process and need to bring someone into your ranks fast, relying on referrals cuts down the time to hire significantly.
  • Connect with a Higher-Quality Candidate. There is a lot of uncertainty in hiring a complete stranger. You have to take a leap of faith that their credentials are real, their character and work ethic are up to par, and that they’re a good fit for your culture. When you make a hire based on a referral, you have actual confirmation that these things are the case.
  • Cut the Cost of Recruiting. The cost of recruiting can be significant and unpredictable, sometimes prohibitively so. Basing your decision on a referral cuts this cost, allowing you to make a necessary hire without putting a strain on your budget.
  • Motivate Your Employees. It’s awfully satisfying to be able to get a friend or acquaintance a job. When that referral also earns the person a bonus, they feel a much stronger link to your company.
  • Find Specialized Skills. The biggest problem facing many employers these days is finding talent that has a very narrow sets of skills. Doing that type of recruiting takes a large input on the employer’s part, and frequently produces spotty results. Basing a hiring decision on a referral gives you unique access to highly specialized talent.
  • Speed Up the Onboarding Process. Since the person you end up hiring has been confirmed to be a good fit for your company, your culture, and your position, they’re likely to start making an impact on day one. That spares you the time and expense it would take to train someone without any connection to the way you do things.

It should be pretty clear by now that referrals work. If you can’t find the referral you need, however, the good news is that there are other staffing strategies that work, too. Dip into a pool of high-quality talent by contacting the recruiters at The Concorde Group. As a full-service staffing firm in White Plains, we have a number of options to help all companies in the region.

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