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Check out our PDF of employee referral program reward ideas that are non-monetary.
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Predict your employee referral hires with the
ERIN Employee Referral Rule of 10
The "ERIN Rule of 10" provides an organized and linear framework for understanding referral-driven recruitment outcomes.
At its core, the "ERIN Rule of 10" is a simple, yet powerful framework. Here’s how it breaks down:
10 Candidates Referred: Begin with 10 referrals made by your employees. This serves as your starting point or benchmark.
8 Accept their Referral: Out of the 10 initially referred, 8 typically show interest and accept the referral. This means they're genuinely interested in exploring opportunities at your organization.
6 Complete their Job Application: Further narrowing down the funnel, 6 out of those 8 candidates will take the time and effort to fill out and submit their job application. This showcases an even deeper level of intent and interest.
1 Is Hired: After going through interviews and evaluations, 1 out of those 6 applicants will finally be selected and onboarded.
The "ERIN Rule of 10" isn’t just a formula—it’s a paradigm shift in how businesses approach referral hiring. It emphasizes the value of each individual referral and the power of leveraging employee networks. With the ERIN platform's ability to streamline and predict referral outcomes, organizations have a valuable tool in their arsenal to stay ahead in the talent game.
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Infographic
Here are employee referral statistics for 2023 that you need to know. Download our free Infographic.
Check out our free infographic that shares employee referral statistics for 2023. We break these numbers down by industry and company types.
We also have a blog post where we share some high-level insights, summarizing the findings in the infographic. You can read the post here.
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Strategies, practices, and technologies for building a workforce in 2022 and beyond.
The survey, called “The Future of Talent Acquisition” ran...
Strategies, practices, and technologies for building a workforce in 2022 and beyond.
The survey, called “The Future of Talent Acquisition” ran in the first quarter of 2022. There were responses from 214 participants with 127 responding to every question. The participants represent a broad cross-section of employers by a number of employees, ranging from small businesses with under 100 employees to enterprises with 20,000 or more employees. Eighteen percent of respondents represent organizations with 1000 or more employees.
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