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Our friends at Jobvite have just announced the results of its annual Social Recruiting Survey.
The report affirms the ROI social recruiting, with 60% of recruiters estimating the value of their social media hires as greater than $20,000 per year, and 20% estimating the value as greater than $90,000 per year. With 9 out of 10 surveyed companies using social media in their recruiting strategy, candidates and companies are now in direct communication, all the time. Recruiters use LinkedIn 93% of the time to search, contact, and keep tabs on candidates in the hiring process. 1 in 3 recruiters report that social media recruiting improved both the quantity and quality of candidates.
Referrals represent the highest quality source of candidates (64%); social networks and corporate career sites have also jumped in significance (59%).

43% of employees from referrals and company career pages stay longer than 3 years, while only 14% of job board hires stay longer than three years.
Referrals are the highest-rated source of new hires, and it’s far easier for employees to share jobs through social networks. Qualified job seekers should note the increasing importance of their total social presence beyond LinkedIn. The original Undercover Recruiter, after 7 years in tech recruiting Jorgen now runs Link Humans, a social and digital marketing agency in London. Now in its sixth year, the Jobvite annual Social Recruiting Survey is the most comprehensive of its kind. LinkedIn, Facebook and Twitter continue to be the most used channels by recruiters, with an increase in adoption of emerging, specialized and localized social networks including GitHub, Yammer, Stackoverflow, Pinterest and Instagram.

A reported 73% of recruiters report they will increase their investment in social networks in 2013, while 62% report they will increase their referral incentives.
The survey was completed in July 2013 by more than 1,600 recruiting and human resources professionals.
Social media has opened candidate networks far larger than recruiters have ever used before.

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