Kicking off a great start to the new year begins with a little research. Recruitment stats can provide valuable insight that helps to improve the efficiency and effectiveness of the recruitment process. Becoming aware of the statistics can also help build a better recruiting understanding for the year ahead and predict future trends. The more you know the more you can quickly adapt and equip yourself with the right tools to tackle any potential new challenges.
As the year draws to a close let’s take a closer look at the ten key talking points from the recruitment year.
1. On average, screening resumes to match an applicant to a job role takes about 23 to 24 hours (Freshworks)
Considering one job vacancy can receive up to 250 applications, we’re not surprised that it can take a whole day to manually screen job hopefuls.
2. Nearly one quarter (24%) of hiring managers spend less than 30 seconds looking at a resume (CareerBuilder)
For some, a quick glance is all it takes to review a resume. When pushed for time hiring managers are limited on the time they spend with each application.
3. The most popular resume sections for candidates are the following (Zety)
- Personal information (99%)
- Work experience (98%)
- Education (97%)
- Skills (90%)
Are you surprised by these results? Personal information includes a general overview and skills roundup about the candidate so no wonder it’s a favourite for recruiters to review.
4. Global talent shortages reach a 16-year high as 3 in 4 employers report difficulty finding the talent they need (ManpowerGroup)
Talent shortages this year are on the rise as labour markets aim to bounce back from the pandemic.
5. A single bad hire costs companies an average of $14,900 (Zippia)
Hiring mistakes are a costly business. An increase in making the wrong decision puts a huge strain on recruiting costs, time and resources to refill the position.
6. 28% of candidates feel disadvantaged by the traditional hiring process (Criteria)
Traditional recruitment is ineffective not only for candidates but also for recruiters. The methods are outdated and often slower than new recruitment technology solutions.
7. Almost 57% of workers are remote at least part-time (Upwork)
In a post-COVID world, one thing that sure has stuck is remote work. Over half of workers now work remotely or in a hybrid flexible position.
8. 49% of respondents declined a job offer because of a poor recruitment experience (PWC)
We think it goes without saying that a positive candidate experience will remain a top priory in the next year. But this statistic just reiterates our point.
9. 41% of companies plan to make better use of recruitment technology (CWJobs)
There’s no slowing down technology in recruitment. Hiring teams are already making use of software in the hiring process but believe more can be done to improve their current usage.
10. Nearly 67% of HR professionals believe that AI has many benefits and a positive impact on the recruitment process (TIDIO)
Previously many recruiters have been hesitant to implement AI into the hiring process. But new figures show these attitudes shifted with 67% of HR professionals believing in the benefits of AI.
The proof is in the pudding
There is no doubt that there are still time delays, talent shortages and recruiting mistakes being made. However, the good news is, that by familiarising yourself with future recruitment trends and looking closely at the data it means organisations can optimise their recruitment efforts and ensure that they are able to attract and hire the best candidates for their open positions.