Definition | The percentage of new hires that are sourced through employee referrals. |
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Calculation | Number of new hires sourced through employee referrals divided by total number of new hires multiplied by 100. |
Unit of Measurement | Percentage |
Function | Core HR |
Method of Estimation | The HR department can track the source of each new hire through their applicant tracking system or HRIS. |
Timeframe | Monthly or quarterly |
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