Maintaining hiring data gives recruiters an edge in this highly competitive sector. Is your job market pushed by employers or by candidates? How many times does it take to fill a role? What’s the worth of hiring celebrity employees? These 15 informative recruitment figures answer these questions and much more.
1. What percentage of employers believe that there’s a talent deficit?
40% of international employers claim that there is a lack of talent. (Resource: ManpowerGroup 2016)
2. Which are trends that will influence the recruiting industry?
In accordance with hiring managers globally, the best trends to shape the recruitment sector within the next few years are recruiting more diverse candidates (37%), soft skills assessment (35 percent ), advanced interviewing tools (34 percent ), firm mission as a differentiator (33 percent ), and using big data (29 percent ). (Resource: Statista 2017)
3. What percent of workers are thinking about a change?
74% of the work force are available to creating a job move. (Resource: Jobvite 2016)
4. Which are the main reasons why candidates contemplate changing their occupation?
72 percent of applicants say advancement opportunities as the top reason they would change work, with greater compensation packages coming next and far better company culture at third. (Source: MRI Network 2016)
5. What percentage of candidates would favor an offer within another based on connections formed through the interview process?
It’s very important for recruiters to form connections with applicants, as 80% of candidates would take one job over another based on personal relationships formed during the interview procedure. (Resource: Devskiller 2017)
6. What percent of professionals believe that company culture is an advantage?
82 percent of professionals assert that”civilization is a possible competitive edge”. (Source: Deloitte 2016)
Source: Deloitte
7. What do millennials consider as the most powerful element in accepting an offer?
Nearly all millennials (65 percent ) cited personal development as the element that most influenced their decision to take their current job. (Source: Jazz HR 2017)
8. How long does it generally take to hire a candidate?
Time-to-hire is gradually increasing over time due to slower interview procedures. Since 2009, the interview procedure in the nation has increased by 3.3 — 3.7 days. Today, time-to-hire takes nearly 23 times on average. (Source: Glassdoor 2017)
9. How many times does it take to fill a position?
While time-to-hire takes an average of 23 days, it takes 42 times to completely fill a given position on average, taking into consideration the candidate’s notice period. (Source: Human Capital Benchmarking Report 2016). This varies depending on whether you employ in-house HR personnel or an external recruiter to hire–recruiters are typically faster.
10. Just how much does it cost to fill a position?
US businesses spend an average of $4,000 to fill an open position. (Source: Zane Benefits 2017)
11. What percentage of hiring decision-makers think that passive sourcing is less effective than it was?
52 percent of hiring managers assert that passive candidate recruiting has been less effective. This is principally because recruiters on LinkedIn are competing for the same candidates. (Source: HireWell 2017)
12. What is the difference in functionality between the very best and average performers?
The best performers are almost 4 times as productive as ordinary performers. (Source: Harvard Business Review 2016)
13. How many days does it take for the top candidates to be off the market?
The best candidates are away from the market within 10 days. (Source: OfficeVibe 2017)
14. What do recruiters believe as the best functions for hiring?
Recruiters will soon be hiring for these high 3 roles: earnings, operations, engineering. (Source: LinkedIn 2017)
15. What percent of candidates have had poor recruiting experiences?
Almost 60% of applicants have experienced a poor candidate experience with 72 percent of these candidates sharing that expertise online or with somebody. (Source: Career Arc 2016)
The Most Important Thing
HR professionals must know about these recruitment statistics to remain up-to-date in a fast changing industry. What are your thoughts about these characters? Tell us in the comment section below!
