General Business Statistics
As of July 2019, there were 6 million hires for 7.2 job openings.
56% of US businesses offer bonuses to new hires from business schools.
Millennials make up the largest age group in the workforce. By 2025, Millennials will represent 75% of the workforce in the United States.
41% of businesses find that the hardest positions to fill are entry-level.
The average time it takes a company to hire talent is 36 business days.
The estimated increase in the number of mobile employees by 2020 is 50%.
65% of companies believe a mobile assignment is very important to an employee’s career.
21% of executives say global mobility is key to attracting and retaining the best talent. 41% of companies use mobility strategies in recruiting outside talent.
81% of companies that pursue talent mobilization experience revenue growth or surpass targets.
87% of employers in the United States are relying on some form of artificial intelligence for recruitment. 88% of companies globally already use artificial intelligence in some way for recruiting.
44% use social media profiles and other public data to recruit more quickly.
67% of small and medium sized businesses offer flexible work agreements.
68% of companies have increased salary offers for candidates.
83% of executives say companies are shifting to open-career models.
51% of companies added temporary jobs in 2017.
66% of companies will hire and train candidates who may have potential.
55% of companies who constantly recruit say it slashes their time-to-hire.
40% of employers keep their recruitment processes in-house to save on cost-per-hire.
75% of employers use behavioral interview questions to assess soft skills.
60% of recruiters and hiring executives use video technology.
5 million+ information technology jobs globally are expected to be added by 2027.
84% of companies use social media in recruiting.
50% of employers do not use applicant tracking software (ATS). 78% of companies using an ATS say recruitment tech makes hiring easier than ever.
27% of employers are transparent about salaries and pay ranges.
47% of businesses claim to have a formal communication process that covers post-hire and pre-start periods.
Recruitment Statistics
Referrals are the number one source of quality hires.
A four year college degree makes an entry level candidate more attractive, according to 87% of recruiters.
80% of recruiters screen candidates using references.
74% of recruiters will face hiring competition.
72% of employers are having a hard time finding skilled candidates to fill job openings.
Companies can grow a talent pool 10 times by recruiting via employee networks.
66% of recruitment professionals view the globalization of business as an opportunity in 2020. Of the 100 most successful recruitment companies, 80% have offices in multiple countries.
58% of recruiters are now using social media due to COVID-19 to find potential hires.
77% of recruiters go back and hire candidates who at first didn’t appear to be fit.
75% of recruiters have had candidates change their minds.
39% of recruiters allocate 1 to 3 business days to candidate training.
82% of recruiters see candidate experience as important.
89% of recruiters say bad hires often lack soft skills.
The top challenges driving HR technology decisions or organizations:
56% finding, attracting, retaining talent
43% developing people to reach their full potential
42% improving employee experience
40% creating collaborative work environments
38% workforce planning
34% ensuring well-being, diversity, & inclusivity
Top Recruitment Priorities
68.1% Directly Sourcing Candidates
65.7% Compiling a Rich Talent Pool
42% Tools for More Efficient Hiring
40.2% Acquiring a Strong Employee Drive
33.9% Planning for Succession
52% Quality of Hire Improvement
24% Retention Rate Improvement
23% Time-to-hire Improvement
22 % Talent Pipeline Growth
22 % Hiring Diverse Workforce
Challenges Recruiters Face
89% hiring executives who say bad hires often lack soft skills
77% hiring candidates who at first didn’t appear to be fit
75% candidates changing their minds
41% filling entry-level positions
Social Media Recruitment Statistics
92% of employers use recruitment marketing in social media to reach talent
86% of job seekers say they use social media for their job search
71% of employers who use social recruiting say it helped them screen applicants
80% of employers believe social recruiting has been helpful in finding passive job seekers
70% say that they have hired applicants from social media
55% of job seekers use career sites
39% of job seekers use job boards
29% receive referrals
Job Candidate Statistics
Most people discover new jobs through referrals.
Requirements have decreased by 20% for excellent conversational skills and enthusiasm.
89% of talent say they accept a job offer faster when contacted by a recruiter.
Candidates are four times more likely to consider a company for a future opportunity when a company offers feedback.
59% of candidates have abandoned an online application due to issues or bugs on the website.
80% of Millennial candidates want to work overseas.
60% of people look for jobs using social professional networks.
7 out of 10 people use Google to search for job openings.
79% of job seekers say they are likely to use social media in searching for jobs.
52% of job hunters say a lack of response from employers is their biggest frustration.
Only 17% of contingent employees found jobs using mobile apps for on-demand jobs.
53% of job hunters want recruiters to clearly explain expectations in the job description.
86% of applicants say employers should treat them the way they treat current workers.
How Job Seekers Communicate with Recruiters
Phone 74%
Email 73%
Text message/SMS 24%
Social Media 16%
Data Usage in the Hiring Process
56% to increase retention
50% to evaluate skill gaps
50% to build better offers
46% to understand what candidates want
41% to do workforce planning
39% to predict candidate success
38% to assess talent supply and demand
31% to compare talent metrics to competitors’
29% to forecast hiring demands
Covid-19 and Employment Statistics
Early in the pandemic, April 2020, the US unemployment rate reached 14.7%.
Unemployment among workers between the ages of 16 and 24 increased to 24.4% from 18.4% by the end of the first month of COVID-19 restrictions.
64.7% of IT professionals were worried about their jobs during the pandemic.
The most affected industries during this time were Travel/Tourism, Food Service, Entertainment, Manufacturing, and Conventions.
Companies that were hiring the most during the pandemic were Amazon, Walmart, Instacart, Dollar General, and CVS Health.
Job applications experienced a 47% decrease in the earliest days of the pandemic, as passive job seekers feared changing jobs.
During the height of COVID-19, the challenges faced the most by recruiters were:
Budget cuts
Downsizing instead of hiring
Difficulty filling open positions
Recruitment digitization
Hiring at higher volumes
Employees moving within an organization increased by 20% in the United States since the beginning of the pandemic.
What These Statistics Mean to You
Business owners should be prepared to use the data driven recruitment to follow the trends in order to attract the right candidates to their company. The recruitment landscape is changing; recognizing and adapting to these changes can be the difference between hiring the right individuals and a revolving door of the types of candidates you do not want.
Sources:
https://www.allegisgroup.com/en-gb/about/press/allegis-group-releases-report-diversity-inclusion
https://www.cv-library.co.uk/recruitment-insight/majority-worry-job-security-pandemic/
https://devskiller.com/50-recruitment-stats-hr-pros-must-know-2017/
https://www.pewresearch.org/fact-tank/2018/04/11/millennials-largest-generation-us-labor-force/
https://www.epi.org/publication/young-workers-covid-recession/
https://www.hirevue.com/resources/ebook/five-recruiting-strategies-to-increase-workplace-diversity
https://www.hcamag.com/us/news/general/revealed-five-recruitment-priorities-for-2021/238466
https://jobbatical.com/resources/hiring-statistics
https://www.jobvite.com/wp-content/uploads/2018/11/2018-Recruiter-Nation-Study.pdf
https://www.postbeyond.com/blog/social-recruiting/
https://www.smallbizgenius.net/by-the-numbers/recruitment-statistics/#gref
https://www.talentlyft.com/en/blog/article/364/top-50-hiring-and-recruitment-statistics-for-2020
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