A current glimpse into Source of Hire

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Image credit:StartupStockPhotos / Pixabay

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.

[CXR Research: Sourcing Investments Report]

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?

  • Employee referral programs
  • LinkedIn
  • Indeed
  • Candidate Relationship Management (CRM) software
  • Events

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
  • Indeed
  • LinkedIn

[Tracking Source of Hire is a Train Wreck]

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Chris Hoyt

Chris Hoyt

A veteran of recruiting and HR, Hoyt is a sought-after speaker with presentations including national conferences with SHRM, LinkedIn, HR Technology and others in the USA as well as iRecruit, Australasian Talent Conference and more abroad. Chris has been promoting and leading full scale and enterprise-wide integrations of social media and mobile marketing within workforce strategies for his entire career. His expertise and passion for interactive/social recruiting, candidate experience, and both national and international recruiting strategies are all areas that Hoyt now leverages as co-owner and President at CareerXroads, a Recruiting/Staffing consulting and think tank organization that works with corporate leaders from around the world to break out of traditional recruitment practices and push the envelope in an effort to win the ongoing war for top talent.

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