In 2021 we saw plenty of changes in the way we recruit and find talent. The year shifted from being competitive in finding talent to filling positions quickly across the board. As we prepare for 2022 it is important to strategize and learn the power of employee referrals. See the stats that ERIN has collected in the past year in the infographic below.
2022 Employee Referral Statistic Highlights:
Employee Referrals are 5x more likely to be hired.
82% of Employees rated Employee Referrals above all other sourcing options to yield the best ROI.
$7,500 per hired employee referral is the amount saved in productivity and sourcing costs.
45% of employees sourced from employee referrals stay for longer than 4 years, and only 25% of employees sourced through job boards stay for over 2 years.
39 Days was the high end of the average days to fill a position without an employee referral. ERIN Employee Referrals only take 21 days.
$1,500 was the average employee referral bonus in 2020. (Down $1,000 from 2019)
Interested in learning more about how your business can maximize its employee referral policy? Book a meeting to talk with the ERIN team here.