6 Stats Reshaping the Recruitment Industry
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Recruitment best practices are always fluctuating. There are a few new recruitment trends to consider in light of changing job-seeker desires and cutting-edge technology.
One of the most effective ways to learn about new trends is through research—so that you know all of the statistics that will assist you in improving your hiring decisions. Someone will look at the research if you don't. They'll obtain the talent you want and can do better than you.
Don't worry...you won't have to conduct any research yourself. We've already done it for you.
Read on to learn about:
Today's topic is:
This list of recruitment statistics will be classified into the following five categories:
Let's look at the current state of recruitment before we get into the list.
Struggling To Hire Is the Norm
Recruiting is the top HR priority for organizations today. The number of open positions continues to outpace the number of qualified candidates, and the competition for top talent is only getting more intense.
As a result, many organizations are struggling to hire the talent they need to remain competitive. This is particularly true in high-demand industries like healthcare, technology, and manufacturing. In order to attract and hire the best talent, organizations need to rethink their recruiting strategies.
They need to adopt a more proactive approach that includes targeted recruiting and recruiting analytics. By taking these steps, they can ensure that they are attracting the right candidates and making the best hiring decisions.
How the Research Will Help You
To put it another way, when businesses conduct marketing research, they do so for a legitimate purpose: they wish to understand consumer behavior and attitudes.
This is because new trends will reshape an industry over time. And your consumers expect you to keep pace with these new changes. The same logic applies in the context of your recruiting procedure.
What worked ten years ago may not work today. Maybe some things never change, such as offering a high salary, for example. However, most things have changed. You'll know what the main difficulties are and how to tackle them head-on by doing your homework and reading about recruitment statistics.
You'll be ahead of your competition who haven't spent the time to study the most recent statistics once you've finished reading the research. For them, it's like they're trapped in a time loop, destined to get swept away by the tide of a changing employment climate. Meanwhile, you'll be relaxing on a beach with your feet up and a
In any field of endeavor, you have two options: adapt or perish. It's entirely up to you.
With that, let’s start with statistics that deal with recruitment challenges.
1. 78% of recruiters say that social media has changed how they find candidates?
In today's digital age, social media has become a key tool for recruiters looking to find talented candidates.
According to recent research, 78% of recruiters say that social media has changed how they find new applicants, as it allows them to access a large and highly talented applicant pool.
This not only gives them access to a wider range of candidates, but also enables them to identify talented individuals based on qualifications and experience, rather than simply on résumé or CV alone.
Furthermore, social media platforms are often fast-paced and updated frequently, allowing recruiters to stay up-to-date with the latest trends in their field.
By regularly monitoring these platforms, they can quickly identify talented individuals who are emerging within their industry, so that they can reach out to them before they have become inundated with job offers from other companies.
Overall, given its speed and accessibility, social media is an essential tool for recruiters looking to find the best candidates for their openings.
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2. 45% of employers use social media to research potential employees?
As the popularity of social media continues to grow, more and more employers are turning to these platforms in order to research potential employees.
While using social media for this purpose may seem like a recent trend, research has shown that as many as 45% of employers have used social media to look up potential candidates.
This practice is often done before a job interview or in the initial stages of the hiring process, when a potential employee's online presence can provide valuable insights into their qualifications and qualifications.
However, not all employers approach social media with the same intentions. While some view it as an opportunity to learn more about potential employees and their backgrounds, others may use it to try and find reasons not to hire them.
Regardless, social media has quickly become an important tool for assessing potential employees, so those looking for work should be mindful of their online presence and take steps to present themselves in the best light possible.
By projecting a professional image online and being wary of what they share on social media, potential employees can ensure that they make a great first impression on any prospective employers who might be viewing their profiles online.
3. The average cost-per-hire is $4,000?
Recruitment is a complex and competitive industry, with businesses vying for the attention of top talent.
The average cost-per-hire is $4,000, and businesses need to be strategic in their approach to recruiting in order to get the best return on investment.
There are a number of ways to reduce the cost-per-hire, including using technology to automate the candidate screening process, partnering with recruitment agencies, and investing in employee referral programs.
By taking a holistic and strategic approach to recruitment, businesses can reduce their costs and improve their chances of landing the best talent.
4. 57% of job seekers are passive candidates?
AI Recruitment platforms are changing the way that companies recruit employees. In the past, most companies relied on job seekers to actively apply for open positions.
However, AI Recruitment platforms are making it easier for companies to find and recruit passive candidates. Passive candidates are employees who are not actively looking for a new job but would be open to new opportunities.
AI Recruitment platforms use data analysis to identify potential candidates and reach out to them with tailored messages. As a result, AI Recruitment platforms are becoming increasingly popular with companies of all sizes. 57% of job seekers are passive candidates, making AI Recruitment platforms an essential tool for any company that wants to stay competitive.
5. Only 11% of companies are using video interviewing as part of their recruitment process?
Video interviewing is becoming an increasingly popular recruitment tactic in today's digital landscape. Unlike traditional recruitment methods, which often involve long and time-consuming interviews, video recruitment allows companies to quickly assess potential candidates and streamline the recruitment process.
This can help companies to reduce costs associated with recruitment, while also enabling them to tap into a wider pool of talent.
However, despite the many benefits of video recruitment, only 11% of companies are currently using it as part of their recruitment process.
While some may be hesitant to take on this new approach due to concerns about the technology involved or the lack of face-to-face interaction, there are a number of major advantages to embracing video interviewing.
For one thing, this method allows companies to evaluate job seekers on a more granular level than traditional recruitment methods do, giving them a better sense of who will be a good fit for their organization.
Furthermore, by incorporating advanced technologies such as machine learning and artificial intelligence into their recruitment practices, companies can gain an even greater advantage when it comes to identifying and sourcing top talent.
Ultimately, video recruitment has the potential to revolutionize how businesses screen and hire candidates today and in the decades ahead.
So while adopting this new approach may seem daunting at first, it is well worth the effort for companies looking to stay competitive in this rapidly changing landscape.
6. 47% percent of HR professionals said that their company is not prepared to handle the influx of millennials in the workforce
As the workforce continues to evolve, HR professionals are finding themselves under more pressure to keep up with the latest trends. One of the biggest challenges they face is how to manage the influx of millennials into the workforce. According to a recent survey, 47% of HR professionals said that their company is not prepared to handle this demographic shift. The reasons cited include a lack of understanding of millennial values and a lack of suitable employees. As more millennials enter the workforce, it's becoming increasingly important for companies to take steps to ensure that they have the right workforce in place. By understanding the unique needs and values of this generation, companies can make sure that they are able to attract and retain the best talent. With the right mix of employees, your company will be well-positioned to meet the challenges of the future.
Conclusion:
The recruitment industry is changing. With the help of technology, businesses are able to find and hire new talent more efficiently than ever before. And with the release of Hirextra’s AI-powered HR tech, businesses can maximize their cost while finding top talent. If you want to stay ahead of the curve in today’s competitive job market, it’s time to get acquainted with the latest innovations in HR tech. To learn more about how Hirextra can help you find and hire top talent quickly and easily, visit our website today.
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