Wednesday, March 30, 2011
Sources of Hire (SOH) Study | 2011
Picture yourself sitting in a conference room with three coworkers. Only one of you would NOT consider a new job opportunity if approached with one, according to a newly released study.
Source: Plateau Systems
Are we in the early stages of a battle for talent?
Sources of Hire Study
Whether you are actively seeking a new opportunity or passively awaiting a tap on the shoulder, the 10th Annual Sources of Hire (SOH) Study offers effective strategies for locating the exit sign.
This survey represents 36 large companies. These enterprises filled nearly 70,000 jobs in 2010. Where did these workers come from?
More than 50 percent of all jobs were filled by internal movement. Get your foot in the door. Do a good job. Move up!
The remaining jobs were filled by external candidates. If you are on the outside looking in, what is the BEST strategy for securing a new job with a new employer?
Land a referral!
Referrals: The #1 Source of External Hires
Referrals (27.5%) are more effective than job boards (24.9%).
Referrals (27.5%) are 11 times more effective than temp/contract-to-hire arrangements (2.4%).
Referrals (27.5%) are 15 times more effective than career fairs (1.8%).
Every 10 referrals results in one new hire. Compare that return with the number of times you may have launched your resume into the black hole of a computerized job posting service and received no reply.
How do you land referrals?
~ get out and meet people in your industry
~ exceed expectations whenever possible
~ expand your LinkedIn connections
A referral could make the difference between "I'll stick around" and "I'm outta here!"