Industries Where Your Network Matters More Than You Think
March 23, 2015
by Peter Rigano
You’ve probably heard the adage that your next job is likely to come from someone you know. While people find work through a variety of channels, your network may be more important than you realize.
By analyzing hiring and networking data on LinkedIn, we uncovered how connections between members impact the way companies bring on new employees. On average, 16% of new hires were already connected to someone at the company prior to joining. For example, if your company hired 100 people, then on average, 16 of those new hires were connected to someone at your company before they came onboard.
Many of these connected hires could have been formal referrals. However, it’s likely that many more were simply people who learned about the job opportunity from their professional network.