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Source of hire data might just be the holy grail of recruiting. Knowing where your top hires come from and where you should spend your budget is certainly important… while also being notoriously difficult to track. Here at CareerXroads, we’ve done our share of research trying to help nail down some definitive answers. (Anyone remember the days of our Mystery Job Search project? Vinnie Boombotz did have his selling points.)
In today’s fiercely competitive employment climate, knowing everything you can about your sources of hire is critical. It’s often a topic of conversation when CXR Members gather and at this year’s Leadership Colloquium, we asked the room to consider how their view of source of hire has changed.
First, we took a look at where talent acquisition is investing their resources. Ideally, that shows what sources are valued and should correlate to which sources have the greatest impact. Then we asked which sources were giving the best return. The following points are small peeks into what’s happening at some of the largest organizations in the world. No hard data, just robust conversation and anecdotes into what’s happening right now. Consider this a glimpse into today's successful sources of hire...
Where are companies investing time and money to source candidates?
Where are these companies finding success in sources of hire?
- Employment branding that drives traffic to their career site and/or ATS
- Employee referrals
- Direct sourcing techniques