The current recruiting statistics clearly indicate a dramatic revolution in the industry. Especially over the last few years, the industry has witnessed some major emerging trends. However, it’s not only the environmental circumstances that have initiated the revolution. But the evolving technology and applicant behavior towards it has also helped the major transformation.
As the hiring process continues to evolve, more and more trends get introduced in the industry. Some of them were there for a short duration while some continue to rule the industry. Above all, the ultimate goal of the trends includes making the job hunting process easier. And of course, we can not forget to mention the impact of Covid-19 on the hiring recruitment process. Talent acquisition statistics reflect the way applicants accept a job offer today.
In this article, we have provided you with some detailed data and recruiting statistics to prove the current situation. This report collated some major recruiting statistics to help your business align with such developments.
Top Recruitment Statistics Categories of 2022
Recruiters can effectively use these hiring statistics to improve their hiring process and attract top-level talent. The following recruiting statistics share several meaningful insights that one should know before hiring.
General Recruiting Statistics
Number 1 in the List of General Recruitment Statistics: The average hiring time can take up to 41 days. (LinkedIn)
Although the hiring process of every organization may vary according to the demands of the job role. Positions demanding unique skills or senior-level jobs might take more hiring time than usual. On the other hand, internal recruitment might take less time. Keeping track of your hiring duration is necessary to fill the opening positions in time.
Number 2 in the List of General Recruitment Statistics: A referral increases the chances by 85% for candidates to be hired. (CareerPlug)
Employee referral programs provide the best source of hiring for companies. Asking existing employees for referrals who can actually do the job extremely well reduces the time and cost of the process. Also, referral hiring proves to introduce the organization to some of the best candidates.
Number 3 in the List of General Recruitment Statistics: Increased skill testing has become increasingly important to 64% of recruiters. (Toggl)
Of course, evaluating job-specific skills includes one of the major components to look for in candidates. However, as companies begin to receive more applications for the given position, increased skill tests have become increasingly vital. Now recruiters can simply focus on more qualified applicants among the rest. Automated skill testing has offered an effective tool to screen suitable candidates on the basis of their skills.
Number 4 in the List of General Recruitment Statistics: 87% of employees witness skill gaps in their workspace. (McKinsey)
Not only the potential candidates but existing employees see the requirement of skill testing too. As it creates an unhealthy environment to witness a huge skill gap between the new and the existing employees. Hence, it’s important for the organization to actively focus on training employees with modern and needed skills.
Recruiting Statistics on Jobs
Job Search and Expectation Statistics
Number 1 in the List of Statistics Recruitment: 54% of employees consider reading employees’ reviews on career pages.
The above-stated recruitment industry statistics highlight the power of a satisfied team. Before attracting other candidates and selling them your benefits, it’s crucial to first satisfy your current employees. As they are the ones who will represent your company culture. Furthermore, unsatisfied employees result in adding a bad review and might soon sign a resignation too.
Number 2 in the List of Statistics Recruitment: 80% of job vacancies don’t rely on job boards, recruitment events, and staffing firms alone.
According to some of the new hire statistics, most of the job openings are never really advertised publicly. Instead of posting the positions on sites, recruiters prefer to fill the opportunities through personal and professional connections. Furthermore, this method of network hiring helps the recruiter to save a lot of time.
Job Advertisement Hiring Statistics
Number 1 in the List of Candidate Experience Stats: 45% of job seekers rely on mobile devices to search for jobs on a daily basis.
Not providing a mobile-friendly experience to job seekers results in losing candidates. Several recruitment statistics state the importance of mobile-friendly job advertisements. As it is more convenient for candidates to search for new openings over their small screens. And then later apply to them using their laptops.
Number 2 in the List of Candidate Experience Stats: The job posting language might deter diverse candidates. (SHRM)
The language and keywords used in job advertisements have the power to reach an increased number of suitable candidates. However, if not written precisely, it results in receiving a cluster of applications from diverse candidates. Thus recruiters must keep the recruitment industry statistics in mind to form the right job descriptions.
Number 3 in the List of Candidate Experience Stats: Including a salary range results in attracting 75% more clicks than no salary range.
Keeping the hiring statistics in mind, highlighting the salary range makes the job posting more appealing to potential candidates. In addition, it also saves a lot of time for both candidates and recruiters in the negotiation process.
Job Acceptance Stats
Number 1 in the List of Talent Acquisition Statistics: The major three considerations before accepting a new job include compensation (49%), professional development (33%), and work-life balance (29%). (LinkedIn)
The above LinkedIn recruitment statistics clearly indicate the most important considerations that job seekers look for before accepting any job offer.
Firstly, compensation and monetary benefits are the most important prospects for any candidate to change their mind. Secondly, the other important consideration before accepting the job offer includes his professional development.
Lastly, to improvise the above two, employers surely require a healthy working environment. And no doubt, professional-level growth provides every candidate the spark to continue working with dedication to scale up their personal growth.
Number 2 in the List of Talent Acquisition Statistics: 67% of employed Americans feel that it’s the job interview that influences their mind to accept the job offer. (ICIMS)
The recruiting statistics state the influence of the interview stage to change candidates’ minds in accepting job offers. The real communication stage where both the parties sell their pros to each other includes the most important stage to get one step closer. Here the candidate actually starts to think about giving your company a shot.
Number 3 in the List of Talent Acquisition Statistics: 35% of job seekers are likely to refuse job offers with no remote working opportunities. (Career Builder)
Improved internet and innovative technology have now made it possible for workers to earn from their homes. Currently, with so many talent acquisition statistics, remote working is a major demand for many potential candidates. And so many big names are offering their employees remote or at least hybrid working opportunities. Moreover, the ideas have proved appealing to many candidates in terms of saving both time and money.
Job Changing Hiring Statistics
Number 1 in the List of Recruitment Industry Statistics: Career opportunity includes the top reason to switch jobs. (LinkedIn)
Every candidate plans to constantly upgrade as a professional at regular intervals. Hence, the above LinkedIn recruitment statistics show how most of the suitable employees would plan to resign from your company if they get a better career opportunity somewhere else.
Number 2 in the List of Recruitment Industry Statistics: 85% of active and passive candidates are open to new work opportunities. (LinkedIn)
The above hiring statistics show the impact of better job opportunities lowering the retention rate of employees at their current workplace. From better learning opportunities to convenient travel hours. The external influences include many improved factors that appeal to the candidates to switch their jobs.
Overall Recruiting Statistics
Strategy Hiring Statistics
Number 1 in the List of New Hire Statistics: 44% of organizations utilize publicly available data like social platform profiles to fasten their recruitment process. (SHRM, 2021)
Currently, organizations prefer to use public platforms to speed up their recruitment process. Furthermore, it helps recruiters to reach out to more potential candidates.
Number 2 in the List of New Hire Statistics: 67% of SMBs offer their candidates an agreement of a flexible working environment. (Workest, 2018)
Many big organizations offer flexible working hours to employees to provide a healthy environment. As most potential candidates have realized the importance of a flexible working environment. In addition, good working conditions provided to the employees also result in better productivity.
Number 3 in the List of New Hire Statistics: 66% of organizations spent more time training and hiring potential candidates lacking in some sort of skills. (Career Builder, 2018)
Now organizations have realized the importance of training candidates who might lack specific skills but have the potential to grow. Spending some time on such candidates to sharpen their skills benefits the company in the long run. Furthermore, candidates too feel encouraged and work with the feeling to deliver their best efforts.
Number 4 in the List of New Hire Statistics: 40% of companies prefer an in-house recruitment process to save on additional costs. (LinkedIN, 2019)
In-house recruitment provides the advantages of a time-saving and cost-friendly hiring process. And most of the recruitments prefer to go with in-house recruitments in the first place.
Hiring Statistics for Communication
Number 1 in the List of New Hire Statistics for Communication: 47% of organizations include a formal communication process to cover the post-hire and pre-beginning stages. (Career Builder, 2017)
The ideal interview aims to conduct an effective communication strategy between both parties. The stage requires both candidates as well as recruiters to openly communicate and exchange their views related to their expectations. Poor communication increases the chances of losing a suitable candidate. In addition, it results in rising frustration and duration during the process.
Number 2 in the List of New Hire Statistics for Communication: 53% of candidates expect recruiters to clearly highlight the job expectations in their descriptions. (Career Builder, 2017)
A suitable candidate expects recruiters to showcase their demand in the description clearly. Highlighting the desired skills and expectations helps to increase the confidence of the potential candidates to apply. In addition, it also benefits from keeping the number of unfit candidates low.
Recruitment Process Statistics
Number 1 in the List of Recruitment Stats: 49% of candidates would leave the opportunity because of the poor recruitment process. (PWC)
Your desired candidates might decline your job offer if you don’t have a great recruitment process. The interviewing process works both ways for the candidates and the organization. Both parties evaluate each other during the interviewing stage for each other’s success. Hence, it’s very important to make a good impact on your hiring process. You also need to prepare your interview process effectively if you don’t want to miss out on the top candidates.
Number 2 in the List of Recruitment Stats: An average job posting gets about 250 resumes on average.
The above-recruiting statistics highlight the average number of resumes recruiters receive. Earlier it was such a tiring process to screen every resume separately and shortlist the suitable ones. In addition, it also increases the chances of human error in the process. But now with the help of AI software, recruiters can efficiently shortlist resumes with desired skills and experience in a short time.
Social Media Recruiting Statistics
Candidates and Social Media Hiring Statistics
Number 1 in the List of Statistics Recruitment on Social Media: 39% of candidates found out about the opening positions through social media. (Jobvite)
Advertising jobs on social media offers an emerging hiring tool that we can’t ignore. Social platforms like LinkedIn and Facebook are gaining immense popularity to improve your branding. Companies can effectively utilize social media to tell an audience about their opening positions as well as connect with them on a personal level.
Number 2 in the List of Statistics Recruitment on Social Media: 79% of candidates say they use social media to search for jobs. (Career Builder, 2018)
The trend of social platforms has also increased the opportunities for candidates to keep in touch with their desired company. Candidates can easily check and apply for the current opening in the organization using social media. Therefore, making it super convenient for them to scroll and search for their desired job role.
Companies and Social Media Recruitment Stats
Number 1 in the List of Social Media Talent Acquisition Statistics: 84% of companies actively use social platforms to fill their opening positions. (SHRM)
As mentioned earlier as well, social platforms offer a great way to connect with aspiring talents. It basically provides a medium to be aware of your company and openings. In addition, it enables the organization to connect with the audience at a more personal level. In simple terms, companies can easily sell their brand values and positions through this medium.
Number 2 in the List of Social Media Talent Acquisition Statistics: Only 33% of employers encourage their employers to use social platforms.
According to the mentioned talent acquisition statistics, only a small percentage of companies encourage their team to use social media. Hence, decreasing their chances to promote their image in front of potential employees. However, things are changing drastically and we can see more organizations focusing on social platforms to attract customers and candidates.
LinkedIn Recruitment Statistics
First in the List of LinkedIn Recruitment Statistics: 95% of hiring managers use LinkedIn in search of top talent. (USNews)
Today, many hiring managers rely on LinkedIn as a major sourcing tool to search for candidates. Recruiters can effectively make use of important keywords to attract the right candidates. Adding more right keywords helps candidates to easily locate your profile.
Second in the List of LinkedIn Recruitment Statistics: LinkedIn has become 212% more popular in the previous year.
Third in the List of LinkedIn Recruitment Statistics: The members of the highly trusted platform include 830 million with over 58 million registered companies.
Fourth in the List of LinkedIn Recruitment Statistics: 50% of advanced degree bachelors are LinkedIn users.
Fifth in the List of LinkedIn Recruitment Statistics: 44% of LinkedIn users earn more than $75,000 per year.
Industry Recruiting Statistics
Post-Pandemic Impact Stats
Number 1 in the List of Post-pandemic New Hire Statistics: More than 57% of employees are working remotely at least part-time. (Upwork)
After the pandemic, many organizations have realized the benefits of remote working environments. Hence, planning to increasingly adopt remote work setups for the convenience of their workers. Some major benefits include removing geographical barriers, retaining the best talents, saving additional costs and money, etc. Today, most potential candidates expect their organization to support remote or at least hybrid working options.
Number 2 in the List of Post-pandemic New Hire Statistics: COVID has impacted 135% of rising remote job offerings.
With so many powerful remote hiring statistics, we can strongly say that remote hiring is not going anywhere soon. And the major reason includes the increasing job satisfaction of employees. Even the higher happiness index score has highlighted the better productivity of satisfied employees.
Number 3 in the List of Post-pandemic New Hire Statistics: Layoffs have risen to 12.8% after the pandemic.
The above-stated statistics recruitment highlights the rising number of layoffs after the pandemic. Thus, resulting in increased stress and insecurity among the employees.
Talent Shortage Statistics
Number 1 in the List of Recruitment Industry Statistics on Talent Shortage: Prediction says that the industry will be facing a global human talent shortage of more than 85 million people.
Many recruitment industry statistics have predicted the increasing talent shortage globally. It causes when a large number of candidates do not include the specialization skill of that specific role. This might be because of the drastic structural change combined with the unemployment rate.
Company Culture Recruiting Statistics
Number 1 in the List of Statistics Recruitment on Company Culture: 84% of hiring managers say that suitable company culture has become a key factor when recruiting.
The above-recruiting statistics indicate the importance of company culture to attract potential candidates. When workers do not stress over the communication process, it tends to develop better relationships. Providing a suitable working culture helps to make employees’ needs and values consistent. Hence, it results in better productivity of employees.
Number 2 in the List of Statistics Recruitment on Company Culture: One-quarter of respondents feel that the opportunity for better working culture is one of the top reasons for switching jobs.
Several statistics recruitment showcases the influence of a good working culture. Offerings a positive working environment benefits in driving engagement and happiness among employees. Once employees are satisfied, it obviously affects their performance in a positive manner. Thus, consider offering a free working environment for your team to attract suitable candidates.
Candidate Recruiting Statistics
Candidate Qualification Statistics
Number 1 in the List of Candidate Experience Statistics: 50% of recruiters have seen an increase in the number of postgraduate candidates for entry-level positions. (ICMS)
Another highlighting factor of recruitment stats includes the rising number of post-graduated candidates. This results in providing a pool of highly qualified candidates. Moreover, it has resulted in sharpening the qualifications and skills of entry-level jobs.
Number 2 in the List of Candidate Experience Statistics: 52% of hiring managers show more interest in candidates with degrees. (ICMS)
The above hiring statistics state the increasing demand for qualified candidates. When recruiters get the option to choose from entry-level candidates, they are more likely to go with qualified candidates.
Candidate Experience Stats
Number 1 in the List of Candidate Experience Statistics: Businesses with popular brand names receive 50% more qualified applications. (Finances Online)
Your brand’s reputable image helps your organization with reduced hiring time. A positive brand image benefits the company by attracting more suitable resumes. With prominent candidate experience stats, your brand no longer needs to sell its benefits to suitable applications. As it has already proved its value proposition with its popularity. Hence, many eligible candidates would want to become a part of your reputable name.
Number 2 in the List of Candidate Experience Statistics: 89% of applicants evaluate the brands before applying. (CareerArc)
Again, your brand name plays a crucial role in deciding your organization’s value. A big population of desired candidates is already employed. Hence, they don’t actively search for new opportunities. However, I would excitedly grab an excellent opportunity if it came around. Of course, they will check and compare the brands and working environment before applying. And if your name doesn’t offer their expectations they would not like to join your path.
Number 3 in the List of Candidate Experience Statistics: 82% of business understands the importance of candidates’ experience as a crucial element. (Career Builder)
No doubt, experience teaches the person a lot more in terms of practical knowledge. Thus, many businesses prefer to hire experienced candidates over fresh talents. This majorly includes two benefits. Firstly, knowledge of relevant skills to tackle familiar issues. Secondly, reducing the additional cost of training candidates to begin from the initial stage.
Talent Onboarding Statistics
Number 1 in the New Hire Statistics for Talent Onboarding: Jobseekers are ready to sacrifice up to 12% of their amount for training and flexibility. (PwC)
Although salary includes one of the major components of employees, it’s not the only factor to look for. Eventually, candidates started to emphasize the other incentives along with the salaries.
Number 2 in the New Hire Statistics for Talent Onboarding: 52% of recent hires actively look for new opportunities within the first 6 months of the job. (Lattice)
It’s not sufficient enough to focus on the hiring process, companies also need to focus on the onboarding process equally. Hence, you should not neglect to pay attention to your new hires. The candidates must feel welcomed leading to the right start of the journey. Ignoring the onboarding experience of candidates results in losing their interest before they even actually groove in their role. Moreover, the decreasing retention rate also leads to the demoralization of the present workforce.
Number 3 in the New Hire Statistics for Talent Onboarding: Ghosting rejected applicants are twice as likely to do business with your company again. (TheTalentBoard)
Not giving any feedback to the rejected candidates results in losing their interest in the company. Today, most applicants get ghosted by hiring managers which leads to a feeling of frustration among them. They want to hear the reason for their rejection. Even sending a quick revert to let them know about the reason helps in keeping the reputation intact.
Employee Salary and Benefits Statistics
The list of most wanted benefits includes:
- Healthcare insurance (40%)
- Paid time off (37%)
- Performance-based bonus (35%)
- Paid sick days (32%)
- Retirements or pension plans (31%)
- Flexible schedules (30%)
- Other office perks (19%)
Besides providing a good salary package to candidates, job seekers also hunt for other monetary and non-monetary perks as well. Hence only offering the desired salary is not enough. Perhaps, businesses need to think of other employee benefit plans to keep their team satisfied.
Challenges of Recruiting Statistics
Challenges for Recruiters’ Statistics
Number 1 in the List of Data stating Hiring Challenges: 77% of recruiters had to hire those who didn’t appear to be the right fit at first. (Jobvite)
A study by TalentLyft 2020, says, one of the major recruitment challenges caused by pandemics includes difficulties in filling jobs. Not all organizations were ready to implement significant changes in their hiring process. Thus, to save time and cost, recruiters had to compromise their ideal candidate requirements.
Number 2 in the List of Data stating Hiring Challenges: 75% of hiring managers deal with changing the minds of candidates. (Jobvite)
Another major challenge that recruiters face includes the changing minds of suitable candidates after selection. Many candidates don’t accept job offers if they see a better opportunity at some other organization. Hence, recruiters have to settle down with some other comparatively less qualified applicants.
Number 3 in the List of Data stating Hiring Challenges: 59% of applicants abandon the virtual application process due to issues with the website. (ICIMS, 2017)
It becomes frustrating if the application page keeps on crashing. Most of the applicants might lose interest in applying for the position in your organization. Most importantly, it provides a bad first impression of your company to the passive candidates.
Cost of Bad Hiring Statistics
The following recruitment stats indicate the cause of bad hires in terms of both money and productivity.
Number 1 in the List of Statistics Recruitment on Bad Hiring Cost: Companies face an average loss of $14,900 on every bad hire.
The recruitment industry statistics highlight the average amount of loss caused by a bad hire. However, it can even cost more depending on the industry and seniority of the role. Moreover, taking a bad hiring decision also affects the productivity time of the organization as well.
Number 2 in the List of Statistics Recruitment on Bad Hiring Cost: Bad hires result in a 36% of drop in productivity.
According to the mentioned talent acquisition statistics, a bad hire can adversely affect the productivity level of your organization. Not only this but it also drops the morale of the other team members.
DEI or Diversity, Equity, and Inclusion Recruiting Statistics
Number 1 in the List of DEI in Recruitment Industry Statistics: 76% of job applicants look for evidence of company diversity. (Glassdoor)
Another rising trend to which organizations must pay attention includes diversity. Currently, many applicants increasingly look for diversity before applying to your company. If your organization does not offer them their expectation, they might consider switching to employment elsewhere. Furthermore, you may also encourage existing employees to talk about your diversity plans and policies.
Number 2 in the List of DEI in Recruitment Industry Statistics: 70% of organizations offer diversity and inclusion policies within the recruitment process. (Culture Amp)
Upgrading the policies of diversity in your company begins with the hiring process. And integrating a clear plan into the culture helps to attract more qualified talents. Initiating anonymous hiring helps to remove the unconscious bias at the time of hiring.
Number 3 in the List of DEI in Recruitment Industry Statistics: 57% of companies prefer to integrate DEI into their business policies. (National Wellness)
Merging DEI into your company’s strategies helps to increase diversity around the hiring process. In addition, it also benefits to promote an inclusive culture within the entire organization. It not only includes practicing mindful activities during the process but also embracing the spectrum of equality in your workspace.
Number 4 in the List of DEI in Recruitment Industry Statistics: 69% of organizations feel that they incorporate a more diverse workforce now than they have been in a couple of years ago. (National Wellness)
As many big organizations provide an inclusive environment, the employees also continue to reflect the demographics of the current market. Taking extra steps to prevent bias in the work culture results in creating a more diverse workplace.
Technology’s Impact on Recruitment Stats
The dramatic change in the hiring patterns of many big names has initiated a rising trend in virtual recruitment.
Mobile Hiring Statistics
37% of candidates have been interviewed by recruiters through a video interview. (Jovite)
Organizations have been convinced of the advantages of video interviewing. The efficiency of video interviews as a powerful time-saving tool for screening multiple candidates has made them realize its importance. The rising virtual recruitment stats indicates its rising use in the next few years. Moreover, the advancing technology of major video interview software has also played a vital role in ensuring the smooth process
79% of organizations integrating with ATS feel tech makes hiring easier. (Accurate)
The ultimate goal of developing any hiring tech tool includes easing the complex steps of the recruitment stage. And tools like applicant tracking software and HRMS helps recruiters to speed up the recurring processes. Moreover, automating the complexity of daily processes also helps to save a lot of human effort while saving costs.
Recruitment Software Statistics
88% of organizations utilize AI in their recruitment process globally. (SHRM,2021)
As technology continues to emerge, organizations started to explore new ways to improve their hiring process. Artificial intelligence software has notedly helped to attract and retain more audiences. Offering the combined packages of flexible work deals and improved productivity, AI software has truly changed the hiring game.
60% of hiring managers use video conferencing technology in their process. (Jobbatical, 2020)
Video conferencing technology includes one of the major tools for connecting virtually. Hence, enabling organizations to expand their reach while removing any geographical barriers. With so many options available in the market, recruiters can effectively rely on video technology to connect with remote talents.
68% of hiring managers say that investing in video interviewing software offers the best way to improve performance.
According to various statistics recruitment, investment in AI recruiting technology has only benefited their process drastically. It helps to automate various complex steps with ease. Hence, both the time and money of the organization.
One of the most powerful tools that you can rely on includes Birbal – the video interview platform. The solution effectively helps your organization to automate the sourcing, screening, and interviewing process to find the perfect fit. The tool helps to impartially assess candidates based on their skills and behavior.
Time to Build your New Hire Strategy based on the Statistics
Recruiting statistics at hand has helped many businesses to determine their strategic hiring decision. After evaluating the recruitment stats stated above, it will benefit you to make some wiser business decisions.
It would be unwise to blindly take major hiring steps without looking at the data. As proactive recruiting statistics help businesses to take the best measures in the market. Hence, helping your organization to stay at the top of the market trends to attract and retain candidates.
If you want to get started with recruitment, you might be wondering where to start. However, it should be noted that there are plenty of resources out there to get started. No doubt, hiring includes a time-consuming task, especially if you have no experience and expertise. The good thing is that there are lots of tools available to help you manage the whole process efficiently.
In this article, we have highlighted some major recruitment statistics that you must know before planning your recruitment game. However, if you have any doubt related to the topics, feel free to contact us.