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Employee Referrals Reign Supreme – Until This Key Stage of the Recruiting Process

When it comes to source of hire, there’s no doubt that employee referrals remain king. Our 2016 benchmark research showed that one in 16 referrals are hired – compared to one in 152 candidates who apply through your website or job boards.

In our latest benchmarks volume, we’ve gone deeper into the funnel to understand how the recruiting process breaks down by stage for SMBs and startups – and the news isn’t quite what we expected. Sure, employers pass referrals on to the next stage of the recruiting process at sky-high – far above average – rates. But when it comes time for referrals to accept or decline a company's final offer to tie the knot, referrals' acceptance rates are...average.

Take a look for yourself.

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A recruiting funnel that’s rich in referrals translates into greater efficiency all around. Are you maximizing the opportunity? Download our full benchmarks report to see how you compare.

Subscribe to our blog above to catch tomorrow’s post from Vinayak Ranade, CEO of the referral network Drafted, with tips on creating a thriving employee referral program. 

Further reading

Don’t Let Your ERP (Employee Referral Program) Turn Into DERP

This week we published an infographic from our most recent recruiting benchmarks research for ...

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New Report Reveals Essential Recruiting Benchmarks for Startups and SMBs

Most startups and SMBs don’t have much insight into what the average recruiting funnel looks like. What’s a normal amount of candidates to pass on to a screen? Are other companies interviewing this ...

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Infographic: Data Shows That Recruiting Slows as Companies Grow

Last October, we released our first ever recruiting benchmarks report to help talent leaders assess their company’s performance and inform their strategy in 2017 and beyond.

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