Source of Hire

Source of hire indicates the origin or the channel through which a candidate learns about and applies for the job openings. Places of hiring people most frequently include online job boards, employee recommendations, recruitment agencies, career fairs, social media sites, and direct sourcing methods.

Example of Source of Hire

An employer looks into where each applicant for a job opening comes from in order to evaluate how various recruiting channels affect the yield of qualified candidates.

The company investigates the recruitment data for several months and establishes that employees are mostly the source of the referred hires. Workers who refer the candidates to the company are most often acquainted with the company's culture and values and give the candidate's competences and suitability.

Besides employee referrals, company also identifies candidates from online job boards and social media sites. They use sponsored advertisements and headhunting initiatives to enlarge their candidate base and seek those possessing the relevant skills and experience.

Through source of hire identification, the company will be able to employ the most effective channels of recruitment and concentrate on those that bring the best results. It enables them to streamline the process of recruitment, decrease the time-to-hire and increase the overall quality of hires, leading to a better performing and growing company.