Employees are jumping on the referral bandwagon. Sixty percent of employees have referred at least one person to an open position within the company, and 38 percent of employees have referred multiple candidates for open jobs.
A job referral can be the best way to get your resume a close look from the hiring manager. When you’re referred for a position, it’s like a built in recommendation for the job in the first paragraph.Anytime you can get your application tagged as ‘referral’, your chances of getting to an interview sky rocket.
When an employee refers someone, that candidate is hired about two-thirds of the time. It’s even better when the person referring you for a job can take a couple of minutes to personally explain to you how you should prepare for the interview and what skills you should highlight in your resume to increase the chances of getting hired. Plain and simple: You must find people who work inside companies you are interested in working for. But you’d think, that’s easier said than done. Not anymore….
Analyticscosm leverages its wide audience base to help data science aspirants get referral for the top companies they are aspiring for.
All you need to do is spend 2 minutes to fill up a simple form with basic information like your experience, skills, education, the companies that you are interested in etc.
Once you complete the form your profile can be viewed by a wide community of potential referrers. If they like your profile they can contact you via email for your detailed profile or resume and even call you for an interaction to understand your fitness for a role.
The referrer gains by earning referral bonus and a sense of fulfillment from referring a suitable candidate to their firm. And also, referred candidates are more likely to get hired, perform better and last longer in jobs. This is why companies, large and small, are investing in referral programs. It makes good business sense for them and for you. It’s all a win win situation for all.
Research shows getting a referral is a cheaper way to hire, a faster way to hire, generally produces a better hire and lowers the turnover rate at any company. According to a study by JobVite, on average it takes 29 days to hire a referred candidate, compared to 39 days to hire a candidate through a job posting or 55 days to hire a candidate through a career site. Moreover, the company saves traditional recruiting costs to source them – an advertisement on a job board, agency fees, etc. – and, because they are faster to hire, it also means spending less on your internal labor costs. For recruiters it helps to have a great referral program to empower all their employees to help in sourcing.
On-boarding gets particularly easy as the referred hire feels like they have a friend who’s not their boss to turn to and ask questions as they on-board. So it helps to get new hires integrate into the culture much more quickly.
It doesn’t end there. You also get visibility through our wide net of recruitment partners who might be interested in your profile and can reach out to you for an interview. The best part of all this is, you don’t waste a lot of time filling up application forms for hundreds of company where the actual chance of getting your resume to a human is probably very low.
If you believe in this idea, share this post today, and register as a referrer or talent or both!
If you have any questions feel free to use the comments section or drop us a note at firstname.lastname@example.org