Are you an HR professional interested in seeing where the sphere of recruitment and talent acquisition is headed?
Recruitment is an essential function of any organization. In order to manage the process of attracting, hiring, and retaining great employees, you’ll need to be armed with the most recent and relevant data.
Check out these 38 recruitment statistics to help amplify your talent acquisition strategy.
Recruitment statistics in 2019
Recruitment is an ever-changing beast, and it’s not a role that’s going away anytime soon. With increased use of technology for recruitment, you’ll have to improve your employer branding to better recruit Millennials and Gen Z talent. These statistics are broken up into three topics: the hiring process, recruiting trends, and company culture insights.
- 80% of talent professionals say soft skills are increasingly important to company success (LinkedIn).
- 89% of talent professionals say bad hires typically lack soft skills (LinkedIn).
- 57% of professionals struggle to assess soft skills accurately (LinkedIn).
- 75% of companies use behavioral interview questions to assess soft skills (LinkedIn).
|TIP: Learn how to answer behavioral interview questions using the STAR method.|
- 86% of job seekers believe employers should treat candidates with the same respect as current employees (CareerBuilder).
- 81% of job seekers say employers continuously communicating status updates to them would greatly improve the overall experience (CareerBuilder).
- 53% of job seekers want expectations clearly explained in the job description (CareerBuilder).
- 52% of job seekers said the number one frustration during the job search is the lack of response from employers (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).
- 40% of candidates say they’ve experienced a lack of communication between when they accepted a job and their first day of work (CareerBuilder).
- It takes an average of 27 working days to acquire a new hire (empxtrack).
- References are being used as a screening method by 8 out of 10 recruiters (SHRM).
- On average people are willing to spend 118 minutes preparing and submitting their application (Zety, 2019).
- 27% of companies are transparent about pay and salary ranges (LinkedIn).
- 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).
- 78% of employers utilizing an ATS said that recruitment technology makes finding great talent easier than ever (CareerBuilder).
- 1/2 of employers across all company sizes do not have an ATS (CareerBuilder).
|An Applicant Tracking System (ATS) offers tons of features for talent sourcing including resume parsing, job posting, and candidate correspondence.|
- 40% of employers plan to hire full-time, permanent employees in 2019 (CareerBuilder).
- 50% of human resource managers say they currently have open positions for which they cannot find qualified candidates (CareerBuilder).
- 55% of those who continuously recruit throughout the year say this reduces their time-to-hire and 42% share it reduces cost-per-hire (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).
- 55% of the candidates believe it should take between one to two weeks from the first interview to being offered the job while it really takes on average 38 days (Zety, 2019).
- 32% of workers are looking to change jobs in 2019 (CareerBuilder).
- 55 million people, more than 35% of the U.S. workforce, are “gig workers.” That number is projected to jump to 43% by 2020 (Forbes).
Company culture insights
- 31% of LinkedIn members say flexible work arrangements are very important when considering a job (LinkedIn).
- The software and IT industry has the most allowance for remote work, with 96% of reported companies allowing it in some capacity (LinkedIn).
- 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).
- Only 37.2% reported having diversity hiring goals (Allegis Group).
- Just 30.6% say they have fairness in compensation as a goal for their organization (Allegis Group).
- 26.5% reported their company has no DE&I best-practices in place (Allegis Group).
|TIP: Craft a diversity statement to show your organization’s commitment to DE&I initiatives.|
- 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).
- 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).
- 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).
- 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).
You’ve got the power
Now that you’re armed and dangerous with these recruitment statistics, you can go forth and create a recruitment marketing and hiring process that brings the best talent into your organization.