Companies spend an immense amount of time and money on recruiting, and often don’t get the results they were looking for. It’s important for today’s talent acquisition professionals and HR leaders to keep a pulse on the constantly changing landscape of recruiting. We’ve collected the latest hiring and recruitment statistics, trends, and data to help in your quest.
- 53% of job seekers want expectations clearly explained in the job description (CareerBuilder).
- 82% of hiring managers say they view the candidate experience as very or extremely important (CareerBuilder).
- Only 47% of employers say they have a formal process in place for communication during the post-hire but pre-start date time period (CareerBuilder).
- 50% of human resource managers say they currently have open positions for which they cannot find qualified candidates (CareerBuilder).
- 27% of companies are transparent about pay and salary ranges. Of this 27%, 67% of them share salary ranges with candidates early in the hiring process, 59% share ranges with employees, and 48% share ranges publicly on job posts (LinkedIn).
- 1/2 of employers across all company sizes do not have an ATS (CareerBuilder).
- 59% of millennial hiring managers strongly agree that technology will reduce recruiters’ roles in their companies’ talent acquisition processes over the next five years (CareerBuilder).
- 40% of companies maintain recruitment processes in-house to save money (CareerBuilder).
Company culture insights
- Employees cite factors like location (56%), affordable benefits plans (55%), job stability (55%), a good boss (48%), and good work culture (44%) as more important than salary when considering a position (CareerBuilder).
- When asked why they left their last job, employees cited low compensation or a lack of benefits (15%) and poor company culture (10%) as the reason for leaving (CareerBuilder).
- In one study, letting employees work from home increased productivity by 13% and reduced turnover by 50% (LinkedIn).
- 36% of women and 29% of men say flexible work arrangements are very important when considering a job (LinkedIn).
- On company Diversity Equity & Inclusion initiatives, 71.5% of respondents said “we have a strategy and are making progress” or “we’ve arrived.” (Allegis Group).
- 56% of companies have paid for employees to get skills-based training outside the office, so they can move up to a higher-skill job within their organization (CareerBuilder).
- Employers who have had a bad hire effect their business in the past year estimate the average cost of a bad hire is more than $18,700 (CareerBuilder).
- More than half of millennials (53% ) say that career pathing has the most impact on their decision to stay with their employer (MRI Network).
Recruitment Statistics Impacting 2019
There are a lot of opportunities in the current job market and you should take advantage of this good fortune. Some recruitment statistics that might come in handy to help you stand out during the recruitment process are:
- Successful placement is important to a recruiter, so be prepared to impress them. A total of 31% of recruiters list the quality of the hire as the measurement of their success, while 23% of recruiters consider the retention rate as their primary measurement. One- to three-business days are dedicated to training prospective hires by 39% of recruiters in order to improve the retention rate (Jobvite).
- It takes an average of 27 working days to acquire a new hire (empxtrack).
- The competition is tough right now for recruiters, so you have some leverage. Of recruiters, 45% are having difficulty filling positions due to a shortage of talent (TalentNow).
- Choose your references wisely. References are being used as a screening method by eight out of 10 recruiters (The Balance Careers).
- Brush up your interview skills and research alternative interviewing styles. Video technology is being used by 60% of hiring managers and recruiters. A survey of 506 companies showed 47% use video interviewing to shorten the hiring timeframe, and 22% would consider it for interviewing candidates that aren’t local (TalentNow).
- If at first you don’t succeed, don’t be discouraged. Reportedly, 77% of recruiters go back and hire someone who didn’t appear to be a fit initially (Jobvite).
You’ve got the power
Now that you’re armed and dangerous with these recruitment statistics, you can go forth and create a hiring process that brings the best talent into your organisation.
Let us know in the comments if there are any other recruitment statistics you’d like to see.