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ERIN Cuts Talent Acquisition Costs.
Reduce Recruitment Costs
ERIN allows you to source and hire more referrals, significantly decreasing the cost-per-hire compared to traditional hires.
Reduce Turnover Related Costs
Referral hires stay longer, reducing turnover and dramatically impacting recruitment, onboarding and training costs.
Each referral hire you make comes with a savings on cost of recruitment + decrease in turnover.
ERIN uses automation and engagement to drive more referral hires. The ROI calculator uses these calculations:
Reduced Recruitment Costs ROI Calculation
Referral Hires with ERIN – Referral Hires without ERIN = ERIN Sourced Referrals
Traditional Cost per Hire – Referral Cost per Hire = Referral Savings per Hire
ERIN Sourced Referrals * Referrals Saves per Hire =Â ERIN Reduction in Recruitment Costs
Reduce Turnover ROI Calculation
Referral Hires with ERIN – Referral Hires without ERIN = ERIN Sourced Referrals
ERIN Sources Referrals * Retention Increase % of Referral Hires = ERIN Hires That Stay
ERIN Hires That Stay * Cost Per Employee Turnover =Â ERIN Reduction in Turnover Costs
Referral Hires with ERIN – Referral Hires without ERIN = ERIN Sourced Referrals
Traditional Cost per Hire – Referral Cost per Hire = Referral Savings per Hire
ERIN Sourced Referrals * Referrals Saves per Hire =Â ERIN Reduction in Recruitment Costs
Reduce Turnover ROI Calculation
Referral Hires with ERIN – Referral Hires without ERIN = ERIN Sourced Referrals
ERIN Sources Referrals * Retention Increase % of Referral Hires = ERIN Hires That Stay
ERIN Hires That Stay * Cost Per Employee Turnover =Â ERIN Reduction in Turnover Costs
Unlock Employee-powered Hiring
Let us show you how to transform your employee referral and internal mobility experience.