10 Key Facts About Employee Referrals

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A countdown of the hard data on Employee Referral Programs.

Published in: Recruiting & HR
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10 Key Facts About Employee Referrals

  1. 1. EMPLOYEE Countdown the hard data on Employee Referrals 10 KEYFACTS ABOUT REFERRALS
  2. 2. HireVolume Employee Referrals are the #1 source in hiring volume 10
  3. 3. HireQuality9 Employee Referrals are the #1 source in hiring quality
  4. 4. Speed8 Employee Referrals are the fastest recruiting method Application-to-hire time in days 29 days 39 days 45 days REFERRALS JOB BOARDS CAREER SITES#1
  5. 5. Retentionafter1year7 Referrals 46% Career Sites 33% Job Boards 22%
  6. 6. Retentionafter2years6 Referrals 45% Job Boards 20%
  7. 7. Percentageofapplicants Employee Referrals are only 6.9% of applicants 5
  8. 8. PercentageofHires 46%of all hires at top performing firms are employee referrals 4
  9. 9. Applicant-to-hireRatio Referrals are #1 Applicants are hired at a rate of 1 out of 3 for top-performing firms 3
  10. 10. Costper hire Only $635 more 2 Job Boards Referrals $1,671 $2,306
  11. 11. Diversity Impact Employee Referrals are the “most productive” source for diversity hires 1 #1
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