By Shayndi Raice | The Wall Street Journal
Feel like skipping that networking event after work? Maybe you should think again.
Workers who found jobs through personal and professional friends got paid 6% more in wages, on average, than those who found their jobs through direct contact with a firm. Well-connected people are also more likely to stay in their jobs for longer and have shorter periods of unemployment.
That’s because the more people you know, the better your chances are of having a network of well-connected people who can refer you to better paid jobs, according to new research from Federal Reserve Bank of St. Louis economist David Wiczer.
