EMPLOYEE

Countdown the hard data on Employee Referrals

10

KEY FACTS ABOUT

REFERRALS

Hire Volume

Employee Referrals are the

#1 source in hiring volume

10

Hire Quality 9

Employee Referrals are the

#1 source in hiring quality

Speed 8

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

Retention after 1 year 7

Referrals

46%

Career Sites

33%

Job Boards

22%

Retention after 2 years 6

Referrals

45%

Job Boards

20%

Percentage of applicants

Employee Referrals are only

6.9% of applicants

5

Percentage of Hires

46% of all hires

at top performing firms

are employee referrals

4

Applicant-to-hire Ratio

Referrals are #1

Applicants are hired at a rate of

1 out of 3 for top-performing firms

3

Cost per hire

Only $635 more

2

Job Boards

Referrals

$1,671 $2,306

Diversity Impact

Employee Referrals are the

“most productive” source for diversity hires

1

#1