Competitor Benchmarking Report: How Your Hiring Process Compares to Competitors in the CPG Industry

Knowing how your hiring process measures up against competitors is key to attracting top talent. This benchmarking report compares your process with industry leaders in the CPG sector, focusing on key metrics like time-to-hire, candidate experience, and compensation packages.

Key Findings:

1. Time-to-Hire:

The average time-to-hire in the CPG industry is 42 days for mid-level positions. Companies that offer a more streamlined process (under 30 days) are 50% more likely to secure top talent.

2. Candidate Experience:

Competitors who invest in candidate experience, including timely communication and personalized interview processes, see higher offer acceptance rates (up to 85%).

3. Compensation & Benefits:

Competitive CPG companies offer 5-10% higher salaries than the industry average, particularly in high-demand roles like supply chain managers. Additionally, companies offering comprehensive benefits, including mental health support and remote work options, attract a broader talent pool.

4. Employer Branding:

Companies with strong employer brands, particularly those emphasizing sustainability and innovation, attract a higher volume of qualified candidates.

Recommendations for Improvement:

• Streamline Your Process: Shorten the time-to-hire by reducing unnecessary interview stages and providing timely feedback.
• Enhance Candidate Experience: Regularly communicate with candidates throughout the process, and offer flexibility where possible (e.g., hybrid interviews).
• Offer Competitive Compensation: Ensure that your salaries and benefits align with or exceed industry averages. View our 2024 Salary Guide.

Your competitors are constantly optimizing their hiring processes to attract the best talent. Don’t fall behind—Aspire Hire can help you stay competitive and win the best candidates for your team.

Ready to stay ahead of the competition? Partner with Aspire Hire for insights and talent. Contact us to see how we can improve your hiring process!

This article originally posted on AspireHire.net