Articles

Finding Top Talent Is Tough, but It’s About to Get a Whole Lot Easier

There’s a strong argument to say that hiring the right people can have a greater effect on the success of a business than anything else.

The difference between an average performer and a high performer is staggering! Top-tier talent can be up to eight times more productive than their average counterparts.

But here’s the problem, finding top talent requires a load of time, resource and money. All of which are luxuries many talent acquisition teams simply don’t have.

Sure, you can use the usual job boards such as LinkedIn and Indeed, they’re affordable for most, but you’ll have to review hundreds of applications for each role, many of which will be irrelevant or unqualified. You’ll also miss out on the majority of top talent, with 73% of candidates being passive job seekers.

You can also source talent through your own outreach from your talent acquisition team, but that becomes very difficult when recruiting for multiple roles and when also working through hundreds of direct applications.

No. Although that would really help our narrative. There are many other methods and hundreds of recruitment tech products that can be used to find talent. All of which provide varying degrees of success and each with their own drawbacks, with cost being a big one.

There’s a new way to source top talent that’s low cost, requires very little effort and is different to everything else out there…it’s called WorkFolk.

WorkFolk are making referrals the No. 1 way for companies to hire.

Why? Because referrals have a proven track record of delivering exceptional results for both companies and candidates. 

Referred candidates have the highest application to hire conversion rate. In fact, they are 4x more likely to be offered a job than other applicants. They have the best culture fit and also have far greater job satisfaction and stay in their roles 70% longer than other employees. 

But currently, only 7% of the applications a company receives for a role comes from referrals.

That’s why we’ve developed the technology and are building the network to supercharge the referral process and greatly increase that percentage to the point where employers hire the majority of their talent through referrals.

WorkFolk enables employers to receive quality referrals from the WorkFolk network of talented individuals and the best professional communities out there.

Since the outbreak of COVID-19, online community participation has increased by 81%

Let’s say you have an operations role, if you post it on WorkFolk, it’ll be shared with the members of the world’s leading operations communities. Who better to recommend someone than their peers and ex-colleagues?

WorkFolk also simplifies the process of leveraging referrals from your very own employees and tapping into their vast networks ensuring your roles get maximum exposure to both internal and external referrers.

When a referral through WorkFolk leads to a hire, you gain a top talent, the candidate secures an exciting new job, and the referrer earns a well-deserved £1,000 reward! It’s a true win-win-win situation for everyone!

There are no subscription fees or long term contracts. Just sign up and post your roles as and when you need to and only pay a one-off fee of £2,000 when you make a hire.

Book a demo and we’ll show you first-hand how we’re changing the game.