Stay inside.
Where can you find new talent that will stick around at your
company? According to a survey conducted last summer by the Society of
Human Resource Research, most human resources executives still believe
help-wanted ads are the most effective source of new hires. But the
facts don't necessarily bear them out.
Researchers, at Ohio State University found that new hires were
more likely to stay at least a year if they were recruited from the
inside, rather than through ads or employment agencies. After
reexamining data from 28 studies involving nearly 40,000 employees, the
researchers found that companies can actually increase the survival rate
of new hires by 25% or more if they rely on inside sources
instead--former employees, recommendations from current staff and
internal job postings, for example.
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