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Making Employee Referral programs work
- 1. Do you know your Co$t of Hiring?
- 2. Studies indicate that the Average Cost per Hire is $ 4,000 In USA
- 3. Studies indicate that the Average Cost per Hire is $ 4,000 In USA £ In UK 4,500
- 4. Studies indicate that the Average Cost per Hire is $ INR 4,000 In USA £ In UK In India 4,500 50,000
- 5. Average Cost per Hire through Recruitment Firms $ 18,700 In USA
- 6. Average Cost per Hire through Recruitment Firms $ 18,700 In USA £ In UK 12,000
- 7. Average Cost per Hire through Recruitment Firms $ INR 18,700 In USA £ In UK In India 12,000 70,000
- 8. Average Employee Referral Reward per Hire $ 640 In USA
- 9. Average Employee Referral Reward per Hire $ 640 In USA £ In UK 500
- 10. Average Employee Referral Reward per Hire $ INR 640 In USA £ In UK In India 500 10,000
- 11. Lets see what successful Employee Referral programs can do !
- 12. 33% % New hires through Referrals for
- 13. 33% % New hires through Referrals for 40%
- 14. 33% % New hires through Referrals for 40% 50%
- 15. 33% % New hires through Referrals for 40% 50% What % of your hiring is from Referrals ?
- 16. Referrals helped the company grow their facility from 100 to 300 employees
- 17. Referral Rewards paid to hire over 3000 people $ 7 MN
- 18. Referral Rewards paid to hire over 3000 people $ 7 MN Average Referral Reward paid out per hire $ 1000 - $ 2500
- 19. Referral Rewards paid to hire over 3000 people $ 7 MN Estimated Savings, if other channels were used for Hiring Average Referral Reward paid out per hire $ 1000 - $ 2500 $ 20 MN
- 20. Referral Rewards paid to hire over 3000 people $ 7 MN Estimated Savings, if other channels were used for Hiring Average Referral Reward paid out per hire $ 1000 - $ 2500 $ 20 MN What is your cost of not having a Referral program?
- 21. Average number of Referrals leading to a successful hire 15
- 22. 84 Average number of candidate applications from job boards leading to a successful hire Average number of Referrals leading to a successful hire 15
- 23. 84 Average number of candidate applications from job boards leading to a successful hire Average number of Referrals leading to a successful hire 15 Are you still spending more time and money on Job Boards than necessary ?
- 24. 5% % of Employees that normally participate in Employee Referral Programs
- 25. 5% % of Employees that normally participate in Employee Referral Programs 25% % of Employees that need to participate in Employee Referral Program to make it successful
- 26. 5% % of Employees that normally participate in Employee Referral Programs 25% What % of your employees participate in Referrals ? % of Employees that need to participate in Employee Referral Program to make it successful
- 37. Log on to www.wisestep.com/Recruiter/signin.aspx Act Now, Reduce your Hiring cost ! Make Employee Referrals your dominant hiring channel. Try us Today