Employee referral programs are getting good press recently and the reasons are hard to ignore:74% of recruiters said the best quality candidates come from employee referrals 51% of employers say referred hires a better fit culturally and match values better than other hires Employees referred by other employees stay with organizations longer Time to hire for employee referred candidates is 55% faster than candidates sourced elsewhere
Finding skilled talent that fits with your culture can be difficult, but as these statistics show, your employees hold some answers. Structured or not, emphasizing referrals to your already skilled workforce can quickly reap some benefits. [...]
It is a well-known and unfortunate truth that human error is one of the greatest obstacles to achieving organizational success. We see the detriment of human error in the form of money lost and time wasted. To a certain degree, it is inherent in almost every single organization, but savvy companies, both large and small, are utilizing technology to their advantage in the constant fight for excellence.
Human error costs us money on a daily basis. A company with 100,000 employees loses a staggering average of $62.4 million per year through human error, and each year it costs the UK and the USA combined a total of $37 billion. Case studies and unfortunate episodes appear [...]