SilkRoad collected data from over 13 million job applications to determine what the best sources of hire are this year. Build your recruiting strategy around this definitive report.
3. Candidates referred by
employees are the
strongest source
of hire. One reason
employee referrals
dominate might be the
strength a personal
reference receives in the
hiring decision.
How do Sources Measure Up?
4. Industry Insight:
Employee Referrals
PROS
• Speed to hire, lower cost
per hire
• Higher retention rates
• Lower training costs
• Best for specialized
positions— engineering,
computer science
• Better “culture fit”
CONS
• Insular teams, self-
reinforcing ideas
• Can decrease diversity
• Potentially less
innovation
• Open to charges of
cronyism
5. Who Takes The Cake With External
Interviews and Hires?
6.
7. Off-line sources include campus
recruiting, agencies, walk-ins,
and events
Online sources include job
search engines, job
boards, and social media sites
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10. On Campus: A New Batch of Talent
Employers plan to increase their college graduate
hiring by 11% in 2016.
Employers’ perspectives on the health of the labor
market are also improving: 42% described the job
market for Class of 2016 graduates as “very good”
or “excellent,” compared with just 18%
from the Class of 2014 survey.
Job Outlook 2016 Survey, National Association of Colleges and Employers
11. Weigh Your Sourcing Options
Review, Adjust, Improve
You might think that if your sourcing
strategy “isn’t broke don’t fix it.”
However, new sources perennially
emerge, so talent acquisition
professionals have to stay
current to be competitive.