Research has shown that referred employees often turn out to be the best employees. They take the shortest time to hire and have the lowest turnover rates, for example.
On average, referred employees are hired in 29 days from date of application to onboarding, according to data from LinkedIn. This compares to 39 days for employees hired through job boards and 55 days for those hired through career sites.
Employees hired through referrals also report the highest job satisfaction, and they stay longer at organizations. In fact, 47 percent — or nearly half – remain for more than three years.