Most companies unknowingly violate this the 80/20 Talent Rule every day. The rule is:
Focus 80% of your hiring and recruiting efforts on the most important 20% of the talent market.
When companies don’t follow this rule, they overpay and work too hard to hire average candidates. This entire concept is summarized in this graphic.
It doesn’t take much research to discover that the best candidates come from referrals, as shown in the graphic. Direct sourced is the second best approach, with job postings coming in dead last.
For example, at last week’s