 Internal Transfers and Promotions constitute 30.0% of all the positions a company fills.

 Referrals (employee, alumni, vendor, etc.) make up 28.7% of all external hires and are arguably the number one external source. The efficiency of referrals i.e. “every third referral turns into a hire” is one of the single most important characteristics of US hiring practices…and not leveraged as well as it might be

 Hires attributed to Job Boards (including the Company site as a job board) represent 25.7% of external hires.

 For the first time in seven years of conducting this survey, more firms are predicting that they will make fewer hires in 2008 than 2007 (anticipating Warren Buffets eclaration of a recession)