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The war for talent is more intense than ever. In order to hire the best candidates, companies need to keep up with the latest changes in the recruiting landscape.

The global health crisis has forced many businesses to change the way they operate, and this has had an impact on recruitment.

For example, remote working has become more commonplace, and this has led to an increase in the use of video conferencing for job interviews.

In addition, new technologies are making it easier for prospective candidates to do research on companies and compare different job offers.

As a result, it is more important than ever for companies to have a good understanding of recruitment trends and how they can improve their hiring process.

By doing so, they will be better positioned to attract top talent and improve their chances of business success.

General Recruitment Stats

The top five most important recruiting priorities are: raising the quality of hire (52%), raising the retention rate (24%), lowering the time to hire (23%), expanding the talent pool (22%), and hiring more people from diverse backgrounds (22%).
Eighty percent of the top 100 revenue-generating recruitment firms have international operations.
Eight out of ten recruiters use references to screen potential hires.

Employer Branding and Recruiting Statistics

Businesses with a solid reputation attract 50% more qualified job seekers.
Before applying for a position, 86% of passive candidates research a company’s reputation.
Company diversity is extremely important to 76% of job seekers.
About 75% of people in the United States are unwilling to work for a company with a bad reputation.
It is estimated that a well-known company’s brand can reduce turnover by 28% and recruitment costs by 50%. Nearly half of those surveyed said they turned down a job offer because of a bad hiring experience.

Team Member Onboarding Statistics

Almost a third of new hires quit within six months.
36 percent of recruiters give candidates between one and three business days for training.

Team Member Salary and Benefits Statistics

In exchange for greater adaptability and training, job seekers are willing to give up as much as 12% of their annual incomes.
In exchange for greater adaptability and training, job seekers are willing to give up as much as 12% of their annual incomes.
Healthcare insurance (40%), vacation/paid time off (37%), performance bonuses (35%), paid sick days (32%), pension (31%), flexible schedule (30%), and office perks (19%) are the most desired benefits.
About two-thirds of hiring managers believe that putting candidates through more skill testing is critical.

Company Culture Statistics

For 84% of hiring managers, a candidate’s ability to fit in with the company’s culture is an important consideration.
One-quarter of those surveyed stated that a better work environment was their primary reason for leaving their current position.
According to job seekers, more than two-thirds believe that a company’s ability to attract a diverse group of employees is critical.
Seventy-two percent of Americans surveyed said they would or might consider switching companies if they found one with a more welcoming culture.
Because nearly half of all job seekers conduct their searches on a mobile device, companies that fail to provide a mobile-friendly job seeker experience are missing out on a lot of business.

Job Search Statistics

Over eighty-nine percent of job seekers say their mobile devices are critical to their job search.
54 percent of job seekers read employee reviews on career websites.
52% are interested in the salary details.
9 percent of job seekers say they save a job from their mobile device and then apply on a desktop later.
80% of job vacancies are never advertised, so don’t rely on job boards, recruitment events, and staffing firms alone.

Hiring Process Statistics

It takes an average of 41 days for a company to hire a new employee.
The likelihood of a rejected applicant not reapplying or doing business with the company again is increased by twofold if they receive no feedback.
A typical job posting receives 250 applications.
Following a recommendation from a coworker, a candidate is 85 times more likely to be hired.
Having a well-fitting team member has a positive effect on the level of team member engagement.

Length of Hiring Statistics

36 working days is the average length of time it takes a company to hire a new employee.
 55% of companies that constantly recruit say it reduces the time it takes to hire new employees. 
In 2017, the average open position remained unfilled for 28.1 days.
Recruiters typically spend a third of their workdays searching for candidates.

Impact of COVID-19 on Hiring Statistics

Since many people were afraid or hesitant to leave their jobs in those early days of the pandemic, job applications dropped by nearly half across all industries.
COVID’s impact on travel and tourism, hotels, bars and restaurants, entertainment, conferences, trade shows, and manufacturing industries in the United States was significant.

Job Advertisement Statistics

35 percent of job seekers find opportunities on social media.
44% of companies use publicly available data, such as social media profiles, to speed up the hiring process.
51 percent of respondents said that if a job posting included visual elements like images or videos, the company would be more appealing.
75 percent more people will click on your listing if it has a salary range than if it doesn’t.
Dependability, teamwork, problem-solving, and flexibility are among the most sought-after soft skills, according to SHRM (Society for Human Resource Management).
Job posting language can also deter diverse candidates, according to SHRM.

Recruitment Software Statistics

Tracking software like this is widely used. Submittable, BambooHR, Workday, and Greenhouse.
Recruitment software is used by nearly all Fortune 500 companies.
Investing in new recruiting technology is the best way to improve recruiting performance, according to 68% of recruiters.
94% of HR pros say that using recruitment software has improved their hiring process.

Digital Recruiting Stats

Artificial Intelligence for Recruiting Statistics

80% of executives think that AI can help improve performance and productivity in human resources.
AI can help the recruitment process in many ways, for example: by answering questions from potential recruits, providing information and training as part of the onboarding process, tracking team member development, and acting as a personal assistant for handling schedules, filing, and assessments.

Chatbots for Recruiting Statistics

Those who use chatbots on career sites are 95 percent more likely to become leads, 40 percent more likely to submit an application, and 13 percent more likely to click “Apply Now” on a job posting.

Social Recruiting Statistics

Chatbots are frequently quizzed by job seekers about things like their application status, compensation, and benefits.
Because more than three-quarters of job seekers are using social media in their search for work, not using it in your interview process could result in a significant loss of potential hiring volume.
More than 86% of young job seekers in their first ten years of employment use social media, according to a new study. 
Employees claim that their employers aren’t doing enough to promote their brand on social media.
Fewer than a third of employers in 15 countries around the world encourage their workers to use social media, which means that prospective employees have fewer opportunities to see what the company has to offer on the internet.

Challenges for Recruiter’s Statistics

For 76% of recruiters, the most difficult part of their job is finding qualified candidates. 
According to recruiters, entry-level positions are the most difficult to fill (41%).
Approximately 72.8% of hiring managers report difficulty in locating qualified candidates.
Prior to being hired, top candidates are typically only available for ten days.
More than 86 percent of the most qualified candidates for a job opening are already employed and not actively looking for a new job.
About four-fifths of hiring managers consider themselves to be more of a recruitment marketing expert than anything else.

Workplace Culture Statistics

Women vs. Men Statistics

For 29% of men and 36% of women, being able to work around their schedules is a must when looking for a job.
New hires who are women and minorities have increased to 41% of companies.
Nearly half of all women in the world’s workforce participation in the workforce, compared to 75 percent of all men.
Women’s unemployment rates are as high as 16 percent in some countries in North Africa and the Arab world.
70% of women prefer to have a paid job, regardless of their marital status.
Every day, more than 10,000 baby boomers turn 65.
79% of employees will leave their jobs if they don’t feel appreciated by their bosses.
Only 15 percent of the workforce is made up of women.
91% of millennials expect to leave their current job within three years of starting it.
Seventy-seven percent of companies had leadership gaps in 2019.
An overwhelming 83 percent of employers believe that leadership development is essential at every level.

Diversity Hiring Statistics

Most of the working population will be comprised of millennials by 2025.
More than 80% of millennial job seekers consider the company’s culture before accepting a job offer.
Sixty percent of millennials say that one of the best perks of their jobs is the opportunity for advancement.
Companies with gender diversity outperform the industry median by 15%.
If a company has a diverse workforce, it performs 35% better.

Pre-Pandemic Global Workforce Statistics

There will be 7.9 million job openings at the start of 2020.
Passive job seekers comprised 70% of the global workforce, while active job seekers comprised 30%.
Intelligence sourcing software will be purchased by 86% of companies.

Pandemic Global Workforce Statistics

As a result of the global pandemic, EU unemployment is expected to rise to 8.6% by the end of 2021.
There has been a 135% increase in remote job postings during COVID. Layoffs have risen to 12.8% as a result of the pandemic.
Currently, 60% of businesses have put off hiring new employees.
Employers in the United States are having a difficult time finding qualified candidates, a situation that has reached historic proportions.

Talent Shortage and Candidate Sourcing Statistics

Team member Referral Statistics

More than 85 million people will be out of work due to a global talent shortage by 2030, according to predictions.
36% of companies rely on hiring from within. In-house hiring is six times more effective than external recruiting.

Internal Hiring Statistics

When compared to external hires, internal hires are more likely to retain and apply prior knowledge to their new positions.
66% were hired externally in 2013, compared to 26% of the positions that were filled internally in 2013.
The benefits of bringing on new employees from outside a company include bringing in new perspectives and expertise.
57% of workers are working remotely at least part of the time.
More than eighty-six percent of employees say they’d be happy to continue working from home at least part-time. More than ninety percent of hiring managers expect some form of remote work to continue. 

Changing Jobs Statistics

Reasons for Changing Jobs Statistics

According to 61% of recruiters, video interviews will soon be the norm.
Employers plan to increase their use of freelancers by 73% this year. 
Workforce aging has resulted in the average age of 42, though this number is expected to rise as more people work into their forties. 
An additional year is expected to be added to the average working age between now and the year 2030.
During a six-year period, 18 to 24-year-olds switch jobs 5.7 times.
The average number of jobs held by people between the ages of 23 and 34 is 4.5.

Generations Statistics

In 2021, Millennials and Gen Zers are expected to account for the majority of people who leave their jobs.
One out of every four employees intends to change jobs in the coming year.
In 2020, one out of every five workers will have changed jobs, with 33% being Gen Zers and 25% being millennials.

Bad Hire Costs Statistics

Poor hiring affects nearly three out of every four businesses. Every bad hire costs companies $14,900 on average.
A bad hire can cause a 32% decrease in team morale.
Productivity can be reduced by 36% as a result of poor hiring practices.

Top Trends for the Future of Recruiting

The recruiter is often the first point of contact for many job seekers, making the recruiter’s role extremely important.

Let’s take a look at how the recruitment process is evolving in response to shifting market conditions.

70 percent of companies said that at least half of their recruiting and onboarding is done via virtual means in a recent survey.
One-third of businesses say they are open to hiring workers who can work from anywhere in the world via remote means.
The use of HRMS (Human Resources Management Systems) automates the process of managing resumes, setting up interviews, and keeping tabs on the status of prospective employees.
It is possible to use artificial intelligence to find candidates, review their resumes, and set up interview times.
It is possible to increase the number of qualified candidates by utilizing chatbots.
Predictive analytics: predictive analytics helps recruiters make the right decisions based on data provided by predictive analytics.
Expanding a company’s benefits is a great way to draw in more applicants.
In the age of social media, recruiters are extending their reach to include sites such as Twitter, Facebook, and Instagram.
32 percent of recruiters use candidate matching software that uses machine learning and artificial intelligence to automate resume screening and shortlisting.


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