This calculator primarily focuses on the number of applications and hires, as well as the reduction in cost-per-hire.
Additional benefits, such as shortened time-to-hire and improved employee retention, are not yet included.
Our solution offers numerous features to encourage employee engagement and thus significantly increase the success of the referral program.
The calculation is based on the following averages:
- After the successful implementation of our program, 37% of employees actively use the referral program.
- Employees share four (4) job postings with their qualified networks
- 9% of shared job postings result in applications.
- 26% of applications convert into hires.
Good to know: Referral-based applications are of higher quality than candidates sourced via headhunters, social media, or other channels, and thus have a higher conversion rate into hires.
Your simulation is complete: what is the next step for an optimized Referral Program?
You can start now by sharing the results with your team for discussion. You can also learn more about our Referral solution by requesting a demo. Of course, you are welcome to make an appointment with one of our experts to take your simulation even further.
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