Rate of Applicants Referred by Current Employees
Pinpoints the proportion of job applicants that were referred by existing employees. Employee referrals can lead to candidates that are a better cultural fit and often have higher retention rates. A high referral rate suggests employees have confidence in the company as a good place to work.
(Number of referred applicants / Total number of applicants) x 100
3 referrals out of 300 applicants indicate a 1% referral rate.