GITNUX MARKETDATA REPORT 2024

Employee Referral Programs Statistics [Fresh Research]

Statistic 1

"40% of all hires come from only 7% of applicants, making employee referrals the most effective way to hire."

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Statistic 2

"Referral candidates receive offers at a higher rate (56 % in 2021) than other sources"

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Statistic 3

"40% of all hires come from only 7% of applicants, making employee referrals the most effective way to hire."

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Statistic 4

"CareerBuilder is the largest online career site in the U.S., with 26% of external hires generated from employee referrals."

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Statistic 5

"Referral hires have a median employment duration of 38 months, 70% higher than non-referral hires (22 months)."

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Statistic 6

"Referral hires are more likely to stay loyal to a company for 3 years or more (47%) compared to hires from job boards (14%)."

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Statistic 7

"55% of companies say that hiring a referred employee is less expensive than hiring a non-referred job candidate."

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Statistic 8

"Referral hires cost 41% less over the life of the hire than non-referral hires, making them a cost-effective option for employers."

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Statistic 9

"CareerBuilder has an average of 15 referrals per hire,"

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Statistic 10

"Referral candidates receive offers at a higher rate (56 percent in 2021) than other sources"

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Statistic 11

"Salespersons are the most hired position from employee referrals"

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Statistic 12

"Salespersons are the most common hires through employee referral programs."

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