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Why Sourcing Referrals Can Improve Retention

  • Broadcast in Business
TalentCulture

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The TalentCulture #TChat Show is back live on Wednesday, October 7, 2015, from 1-2 pm ET (10-11 am PT).

Last week we talked about the neuroscience of what keeps leaders up at night, and this week we’re going to talk about why sourcing referrals can improve retention.

Predicting new employee tenure is about as easy as predicting the weather, even with various data inputs and powerful algorithms we have today. Most people these days stay in their jobs only about 3-5 years. 

But one thing is clear: referrals can and do have an impact on employee retention. If an employee is satisfied at work, whose performance is consistent, and of course is rewarded fairly, then he or she is much more likely to suggest referrals. They become a brand advocate.

And if these referrals have a similar experience to those who referred them, they will in turn potentially last a little longer and make referrals themselves. In fact, even candidates that don’t get hired will make referrals if their experience is a good one.

Join TalentCulture #TChat Show co-founders and co-hosts Meghan M. Biro and Kevin W. Grossman as they talk about why sourcing referrals can improve retention with this week’s guests: Jessica Miller-Merrell, SPHR, President/CEO of Xceptional HR, author, speaker, HR professional, and workplace social media expert; and John Sumser, Principal Analyst at KeyInterval Research and editor at HRExaminer.com.

Thank you to all our TalentCulture sponsors, partners and supporters!

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