The Frog Blog | referral hiring

Why Are so Few CHROs Promoted to CEO?

Posted by Michael Bachman on May 28, 2019 9:35:50 AM

Why Are so Few CHROs Promoted to CEO?

A few weeks ago I had the chance to attend my first DisruptHR-Tampa event and left quite impressed. I had the opportunity to listen to many knowledgeable speakers and one that really impacted me was John Wilson CEO @ WilsonHCG . John offered some interesting statics and reasons why so few CHROs become CEOs within Fortune 500 companies. Having sold into HR over the past 20+ years and currently selling a new HR technology solution into HR, this information was eye opening and I decided to explore further.

What does it take to become a CEO? Is it all about your pedigree? Do you have a better shot if you attended a school with an elite MBA program? Or is it all about who you know?

It turns out that none of these are correct. While they can help, they aren’t necessary and generally aren’t predictive of future career performance.

According to the CEO Genome Project, a ten-year study that gathered data on 17,000 CEOs and closely analyzed 2,600 of them for specific characteristics, the most predictive factor in reaching CEO is taking big risks.

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Topics: referral programs, employee referral program, HR, high volume recruiting, referral hiring, employee engagement, employee referrals, seasonal hiring, retail hiring, referrals

Don't Fall Into The Recruiting Black Hole

Posted by Michael Bachman on Apr 26, 2019 12:05:36 PM

Scientists recently managed the first image of a black hole in space. And as momentous an event as this was, it doesn’t affect Preferhired Referrers as much as client black holes do. These are black holes we’re trying to avoid, not catch on camera. Client black holes behave in a way that is unfair to our Referrers, and at Preferhired, we take the people on both sides of our referral hiring equation equally seriously. So client black holes are a problem we’ve worked to alleviate.

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Topics: referral programs, employee referral program, high volume recruiting, referral hiring, employee engagement, employee referrals, seasonal hiring, retail hiring, referrals, black hole

Costs to Consider When Setting Your Preferhired Referral Rewards

Posted by Michael Bachman on Apr 23, 2019 12:23:34 PM

Imagine for a moment that you were interested in watching a good movie on TV one evening, so you posted on social media for suggestions. You’re likely to get good ideas from your friends. They have an incentive, because of your existing relationship, to want to help you. But you aren’t likely to hear from people you don’t know that well.

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Topics: referral programs, employee referral program, HR, high volume recruiting, referral hiring, employee engagement, employee referral programs, employee referrals, seasonal hiring, retail hiring, referrals

How Referral Recruitment Can Help Find Your Next, Quality Hire

Posted by Michael Bachman on Mar 31, 2019 10:03:09 AM

How Referral Recruitment Can Help Find Your Next, Quality Hire

Hiring can be expensive and time-consuming. Whether you’re paying per click or paying per post, if you’re not getting the results you’re after, you’re wasting a lot of money. And if you’re pouring through listing after listing on multiple job boards, you’re spending far too much time for poor quality results.

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Topics: referral programs, employee referral program, preferhired, HR, high volume recruiting, referral hiring, employee referral programs, employee referrals, healthcare, healthcare recruiting trends report, seasonal hiring, retail hiring, referrals

Why You Should Focus on Referral Hiring Especially for High Turnover Roles

Posted by Michael Bachman on Jul 26, 2017 10:45:00 AM

For certain industries high-turnover is the nature of the beast. Staff can be transient, the competition steep due to high demand of a specific skill-set, or the roles needing filled are challenging and simply prone to a high burnout rate. While for these industries retention struggles are expected, for others, poor retention can be a symptom of a hiring process that isn’t addressing organizational fit. This is a major problem as a poor hire can become toxic and costly to a work environment. Not to mention, the added cost of refilling the position time and time again.

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Topics: high volume recruiting, referral hiring