The warrior, the crab and the wild card -- how referrals impact retention, and why top performers...

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Transcript of The warrior, the crab and the wild card -- how referrals impact retention, and why top performers...

Page 1: The warrior, the crab and the wild card -- how referrals impact retention, and why top performers refer top talent | Talent Connect Anaheim
Page 2: The warrior, the crab and the wild card -- how referrals impact retention, and why top performers refer top talent | Talent Connect Anaheim

Boryana Dineva VP of Human Resources Wikimedia Foundation

The Warrior, The Crab and The Wild Card

Page 3: The warrior, the crab and the wild card -- how referrals impact retention, and why top performers refer top talent | Talent Connect Anaheim

Game plan

My story in 3mins (+ The Secret Sauce)

Culture

Program

What we knew

What we didn’t know - BIG DATA

What we found

What can you do today?

Q & ANote: All numbers in this presentation are dummy data and for illustrative purposes only.

Page 4: The warrior, the crab and the wild card -- how referrals impact retention, and why top performers refer top talent | Talent Connect Anaheim

My Story

Page 5: The warrior, the crab and the wild card -- how referrals impact retention, and why top performers refer top talent | Talent Connect Anaheim

Numbers,Stats,Data,…

Psychology,Feelings,Words,Policy,…

HR

DataScientists

TheBusiness

BringData

(+ The Secret Sauce)

Page 6: The warrior, the crab and the wild card -- how referrals impact retention, and why top performers refer top talent | Talent Connect Anaheim

The Tesla Culture

1. Competitive to be the best in all that we do

2. No fear of solving hard problems ourselves

3. Be entrepreneurial, resourceful

4. Minimize bureaucracy, just get it done

5. Efficient and sustainable (demonstrate our mission)

6. Work hard, love what we do, have fun!

Page 7: The warrior, the crab and the wild card -- how referrals impact retention, and why top performers refer top talent | Talent Connect Anaheim

What we knew

~20% of all new hires

Manufacturing: High %, less hired

Engineering: Smaller %, almost all hired

Sales & G&A: In between

NA good

EMEA better

APAC MIA Note: All numbers in this presentation are dummy data and for illustrative purposes only.

Page 8: The warrior, the crab and the wild card -- how referrals impact retention, and why top performers refer top talent | Talent Connect Anaheim

What we didn’t know

Are they any good?

Page 9: The warrior, the crab and the wild card -- how referrals impact retention, and why top performers refer top talent | Talent Connect Anaheim

What we didn’t know.

Time To Fill: Shorter for Referral vs Regular Hire?

Cost: Referral vs Regular Hire?

Diversity: More or less through referrals?

Social dynamics: Who refers who? Same group or cross-functional?

Retention

Performance

Page 10: The warrior, the crab and the wild card -- how referrals impact retention, and why top performers refer top talent | Talent Connect Anaheim

BIG DATA

Page 11: The warrior, the crab and the wild card -- how referrals impact retention, and why top performers refer top talent | Talent Connect Anaheim

What we found

Time To Fill: Shorter for Referral vs Regular Hire?

Cost: Referral vs Regular Hire?

Diversity: More or less through referrals?

Retention (!)

Social dynamics(!)

Performance (!)

Page 12: The warrior, the crab and the wild card -- how referrals impact retention, and why top performers refer top talent | Talent Connect Anaheim

ReferredNot Referred

Note: All numbers in this presentation are dummy data and for illustrative purposes only.

0.400.500.600.700.800.901.00

Referred Employees stay longer.

Employees that refer stay longer.

Successful referrers stay longer.

0.700.750.800.850.900.951.00

Made ReferralNever Made Referral

0.700.750.800.850.900.951.00

Referral HiredReferral Not Hired

Page 13: The warrior, the crab and the wild card -- how referrals impact retention, and why top performers refer top talent | Talent Connect Anaheim

The warrior.

The crab.

The wild card.

(5-10%)

(10-20%)

(30-50%)

(5-10%)Note: All numbers in this presentation are dummy data and for illustrative purposes only.

Page 14: The warrior, the crab and the wild card -- how referrals impact retention, and why top performers refer top talent | Talent Connect Anaheim

1. Download data and start building your big data:Variables on referrersVariables on referrals

2. Use the program to drive or supplement:Hiring pushesDiversity Recognition Engagement

What can you do today?

Page 16: The warrior, the crab and the wild card -- how referrals impact retention, and why top performers refer top talent | Talent Connect Anaheim

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