Performance and Longevity
Referral hires perform better and stay longer than other employees.
The majority of employers find that referred employees outperform other employees on most aspects of overall company fit, which is highly valued by employers when evaluating applicants. Additionally, referred employees are more satisfied with their current job over the job they had previously in which they were not referred.
As referred employees work longer at a company (more than five years), their satisfaction with how they fit within the company's culture and their ability to fulfill job requirements tends to increase. Referred employees also tend to refer others. Almost two-thirds of referred employees have referred at least one person to an open position at their current company.