Need To Know Statistics About Hiring, HR & Recruitment

Trends in Hiring and Recruitment

Trends and technology have been important in hiring. Here are some numbers:

• Automation of sourcing, according to 70% of respondents, would boost productivity.
• 62% of talent teams report that sourcing produces more high-quality prospects than inbound applications.
• The main driver of job switching is a better career opportunity.
• The top three reasons people provide for accepting a new position are pay (49%) professional growth (33%), and a better work-life balance (29%).
• According to 68% of hiring managers, acquiring new hiring technology is the greatest approach to boost hiring efficiency.
• Ninety percent of new workers are more productive after gamification.
• Candidates report that 27% of them are looking for compassionate workplaces.
• Investing in new recruiting technology, according to 68% of recruiters, is the greatest approach to increase hiring effectiveness.

Statistics for Jobseeker's Experience

A candidate's prior experiences, whether positive or negative, are crucial. You may develop a recruitment plan to enhance the applicant experience with the aid of these insights.

• 78% of applicants believe that a company's total candidate experience reflects how much it appreciates its employees.
• 89% of candidates claim that getting a call from their recruiter can help them accept a job offer more quickly.
• When you give talent constructive criticism, they are 4 times more likely to think about working for your firm in the future.
• Candidates said that companies that provide regular status updates enhance the applicant experience by 81%.
• 60% of job searchers have encountered unfavorableorganization candidates.
• Eighty percent of applicants who had a bad hiring experience admitted that they freely shared their stories with others; thirty percent of these applicants said they would actively share their stories.
• Businesses who invest in a positive applicant experience see a 70% increase in the caliber of their new workers.
• A successful interview, according to 87% of candidates, might persuade them to reconsider their previous reservations about a position or organization.
• On their job application portals, just 9% of companies use chatbots.
• 50% of applicants say that following a negative job application experience, they won't buy products or services from a firm.

Statistics on Social Media Recruitment

To reach applicants where they are on social media, recruiters must be inventive.

• To find and recruit passive prospects, recruiters use 7.8 distinct social media platforms on average.
• With 77% of employers using it, LinkedIn is the most popular recruitment medium, followed by Facebook (63%).
• A social media profile is considered to be of some to tremendously importance by more than 85% of recruiters and employers.
• Social networking helped 73% of millennials land their present jobs.
• 47% of recruiters believe that social media plays a significant role in employer branding.
• According to a research, social media helped 73% of job searchers between the ages of 18 and 34 find their most recent position.
• In their job hunt, 86% of job seekers utilise social media.
• On LinkedIn, the proportion of users with a college degree (51%), is almost identical to that on Instagram (49%).
• Nearly 20% of recruiters claimed that taking part in viral challenges or dances would have a negative effect on their choice to hire a candidate.
• On social media, 66% of recruiters advertise job vacancies.

Statistics on Bad Hire Cost

The likelihood of effectively utilizing an organization's resources might be reduced by poor hiring.

• According to 89% of recruiters, poor employees frequently lack soft skills.
• One poor hiring typically costs close to $15,000!
• According to The Undercover Recruiter, faulty hiring might result in expenditures of $240,000. These are divided into hiring, salary, and retention expenses.
• Since they needed to recruit a worker right away, 43% of businesses failed due to poor hiring.
• 75% of HR managers have discovered a resume deception.
• A poor hire often costs 30% of the employee's annual compensation.
• As of 2019, businesses invest an average of $1,286 on employee training annually.
• A post is filled by a corporation in 42 days on average.
• A poor hiring has a significant negative impact on the team's morale, according to 44% of CFOs.
• Employee morale might decline by 32% and productivity can fall by 36% as a result of poor hiring decisions.

Statistics on remote employment and gig workers

• 68 percent of recruiters and 53 percent of employers report that applicants want the ability to work from home sometimes to frequently.
• Only 24% of candidates claim they are searching for remote flexibility, despite the fact that it is prioritised by 44% of recruiters.
• 70% of businesses will have a hybrid policy allowing both in-office and remote work. moving ahead.
• According to 55% of respondents, companies should offer alternative career paths to employees who work on-site and in different physical locations.
• A lack of flexibility and remote work choices in the workplace has been cited by 54% of recruiters as a reason why candidates have declined interviews or job offers.
• Employers provide flexible scheduling in 67% of cases.
• In order to supplement their primary source of income, 64% of college seniors believe they are likely to work in the "gig economy."
• Freelancers make up 53% of Generation Z employees.
• The size of the worldwide freelancing platform market is anticipated to increase between 2021 and 2026 at a CAGR of 15.3%.
• By 2027, it's expected that more than 50% of US workers will be engaged in the gig economy.

Statistics on inclusion and diversity

Does your business prioritize a diverse workforce? How did businesses that adopted a D&I strategy outperform others?

• 80% of job searchers think their employer's organization values diversity in the workplace.
• 80% of respondents said that recruiting practices should be inclusive.
• A more inclusive organisation would tempt 39% of respondents to leave their current one.
• 65% of businesses have diversity efforts in place, and 89% of them say they are effective.
• Finding diverse applicants to interview, according to 38% of recruiters, is the largest obstacle to increasing diversity.
• 78% of businesses prioritize diversity to enhance workplace culture.
• A similar percentage of recruiters (30%) have rules and goals in place for hiring for gender diversity. They also have similar policies and goals in place for hiring for racial diversity.
• 40% of female workers who work for recruiters are given 7–12 weeks of paid parental leave, according to 65% of these recruiters.
• More than ever, according to 37% of employers, prospects want to know about a company's DEI initiatives.
• A diverse workforce is important, according to 53% of Gen Z recruiters.

Onboarding Figures

You don't want to lose a good prospect because they are difficult to locate. However, you might benefit from a good onboarding procedure.

• The majority of polled recruiters (62%) think that in-person onboarding is more efficient than virtual onboarding.
• 54% of recruiters intend to combine in-person and remote onboarding.
• Companies don't onboard effectively in 88% of cases.
• A well-designed onboarding procedure increases new recruit retention by 50% for companies.
• The retention rate for new workers rises by 16% as a result of automating onboarding duties.

Statistics of difficulties in hiring

Hiring managers have several difficulties, such as difficulty finding candidates and a skill shortage. Look at the figures below to see what the main difficulties facing recruiters are.

• The lack of talent is cited as their main issue by 63% of recruiters.
• Attracting the best candidates for open positions is, according to 76% of recruiting managers, their biggest issue.
• Even if they were jobless, 75% of people would not accept a position with a bad-reputation organisation!
• Due to their length and complexity, over 60% of job searchers give up on online job applications in the middle of them.
• Entry-level roles are the toughest to fill, according to 41% of recruiters.
• 75% of recruiters report having witnessed an applicant back out after accepting an offer in writing.
• 75% of recruiters have seen that candidates are now more likely to negotiate salaries.

Statistics regarding the hiring process

Your recruiting and personnel management may be directly impacted by the recruitment process. The following facts will help you enhance and optimize your hiring process.

• Email is recognized as the most popular (51%) and efficient (39%) method of contacting applicants.
• Employee recommendations are ranked as the most significant source of employment by talent teams.
• By using the networks of their employees, businesses may multiply the size of their talent pool by 10X.
• Nearly half of businesses and more than 50% of recruiters said they didn't care whether candidates had degrees from traditional or online institutions, and neither did they.
• Recruiters have texted potential candidates or existing applicants 43% of the time.
• Recognizing how to streamline the hiring procedure may reduce the hiring cycle by 60% while enhancing quality.
• According to 41% of companies, if they can't discover a candidate online, they might not interview them.
• The recruiting procedure typically lasts 36 days.
• 65% of businesses stress the value of a mobility assignment for a worker's career.
• A job offer should come in less than two weeks, on average, according to 55% of the applicants.

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