Are Employee Referrals really better?

Kevin Stakelum, Staffing Manager at Microsoft asks, over on LinkedIn:
Are Employee Referrals really better?
Hello all,
From what I have read, it is generally accepted that referrals are a great source of candidates, and in many cases they are claimed to be better than any other source. "Conventional Wisdom" supports this claim. However, when I look at the hiring percentage of referrals, I find that they are hired at the same percentage as other sources of hires. It seems that if this were a "better" source of hires, the hiring percentage would be higher...What are your thoughts on this topic? Are referrals really better? Thanks, Kevin

It looks like it's going to be an interesting string, with 14 answers in the first 20hours pf posting alone!
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Permalink Reply by Sean McGillen on July 7, 2008 at 6:15pm
For those of you out there, the responses are well worth the read!

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