Employers are inundated with quality candidates these days, whether through online job postings, submissions through their corporate websites, or unsolicited contacts from prospective employees. So, what’s the best way to cut through the clutter and grab a company’s attention? Their employee referral program. Related: Top 5 Barriers To Job Or Contact Referrals In A Job Search According to a recent New York Times article “big companies are increasingly using their own workers to find new hires, saving time and money.” At large firms such as Ernst & Young, employee referrals account for 45% of nonentry-level new hires, while Deloitte sources 49% of their experienced hires in the same way. A recent study by the Federal Reserve Bank of New York found that “referred candidates are twice as likely to land an interview as other applicants. For those who make it to the interview stage, the referred candidates had a 40% better chance of being hired than other applicants.” Lastly, Jobvite’s research shows that:
Why is it that some people seem to have “all the luck?” Here you’ve been, slogging away at a focused job search for weeks, months, or even years, yet certain contacts in your circles just seem to “pop” between jobs with nary a blink of the eye with little or no “downtime” in between. Say what? What’s wrong with this picture? It just doesn’t seem fair that you put a ton of elbow grease into a job search, yet those folks seem to flit by without going through the roller coaster of emotions, personal struggles, and financial desperation that you’ve been through this entire time. Not that you would wish this on anyone, but still… what do they have that you don’t? It’s a fair question to ask. Time to take a second look. It could be that there are barriers in front of you that you don’t even know that exist. Referrals evolve through a series of circumstances. But in order to make those circumstances happen, you need to purposefully work towards making the pieces align at some point in the future. By working in the present, you are creating the opportunities that will come together later – which is likely what these other folks have done.