It's no secret that employee networks are full of great candidates, but did you know that companies only regularly hire from a pool of about 5-10% of their employees' connections? This is because: (1) most of an employee's connections are not very strong (e.g. they're acquaintances from a conference), (2) most of an employee's former colleagues aren't the standout few who were fantastic, and (3) most employees don't regularly participate in even the most robust employee referral programs. Probably no big suprises, here, but the implications are.
We've already seen that big bonuses are not that effective in identifying top employee connections; so, how do you drive participation and find more great people?