Use These Recruiting Stats to Improve Your Hiring Process
Hiring a new employee is getting more expensive and more time consuming every year - partly because companies have realized how crucial good employees are and partly because attracting good people is hard. Read latest recruiting statistics and improve your hiring process. Here you can see 12 recruiting statistics (by Officevibe) that have changed the way thousands of people approach recruiting.
Most important recruiting statistics that will change the way you hire
Interactions With Employees Are The Best Way To Get Insights
Social media sites offer much more transparency and because of this companies can no longer hide behind marketing tricks and gimmicks. Despite this being true people still believe that the best way to get insights into a company is by interacting with the company's current employees.
TIP: Add a dose of humor to your office. Share some of the recruitment jokes
2x As Likely To Accept Cold Emails If They’ve Interacted With Your Brand
No one likes getting cold emails and that is a stone-cold truth. But if you allow your employees to promote your brand on social media, your potential candidates can learn about your company and get to know you. This way you can show them all they want to know without being intrusive.
Employer Branding has proven to be a very successful strategy in improving hiring process, and many HR professionals have started paying a lot of attention to it. If you are not familiar with this concept yet, start by reading these most important employer branding terms.
It Takes Around 27 Days To Make A New Hire
It is important to take hiring process seriously, but the problem with complex processes is that top talent is off the market very quickly. To solve this problem you should be constantly looking for ways to optimize the process, and of course, use technology to help you.
The Best Candidates Are Off The Market In 10 Days
Take this recruiting statistic seriously! Understanding how important it is to get ahead of your competitors is crucial for improving your hiring process. Every team wants and needs all-star players.
This is why you need to do whatever it takes to get them. Make this your main goal and strive to accomplish it. The best candidates have many offers, so you need to move quickly and shorten the process, make an exception. It will be worth it.
The Average Cost Per Hire Has Risen To $4000
Hiring a new employee is getting more and more expensive. This is just one more reason to go the extra mile to make sure that you’re hiring the right person for the job and most importantly for your team. Think about your company culture
throughout the hiring process because hiring for culture fit is easier said than done, but the effort is well worth it.
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60% Of Employers Are Concerned With The Cost Of Unfilled Positions
Unfilled positions bring nothing good. From the revenue lost from missed business, the money lost from employees who have to do more with less, to the money it takes to fix mistakes made when employees are doing too much to handle. All this can be avoided by hiring a decent new employee.
64% Of Applicants Share Negative Application Experiences. 27% Actively Discourage Others From Applying
Emailing every single applicant to give them a positive or negative response is crucial for creating a good perception of your company. It might a bit tedious, but it is definitely worth it. Especially now with social media, the word can spread very quickly, and you don’t want negative comments spreading about your company.
60% Of Candidates Quit An Application Process That Takes Too Long
The problem is a hiring process that is not well optimized and therefore takes too long. By using new technology this can be greatly improved. In return you get more candidates and you are able to scan them faster. Even your chances of hiring an all-star improves.
15% Of Candidates Who Have A Positive Hiring Experience Put More Effort Into The Job
It’s important to make a candidate feel good from the first moment you interact with him. Every part of the an award winning candidate experience
should be well thought out and executed with care. If it is, your future employee will instantly start caring for your company, and he will go the extra mile to make your company successful.
Over 75% Of Professionals Are Passive Candidates
Build and maintain your employer brand
because it will allow you to source great talent. Some of the most important employer branding statistics
have proven to make hiring more successful and productive. Most people are passive candidates and often all it takes is just a little push to get them to switch over to your company.Don't ignore passive candidates or you will miss out on a giant pool of talent.
46% Of Recruiters See Recruiting Becoming More Like Marketing
This number should be higher because recruiting really is becoming exactly like marketing. Consequently, a term called recruitment marketing
has evolved in the world of HR. Both passive candidates
and active candidates should be treated like ladies in a funnel, the same way that marketing treats their leads. It's hard to attract top talent, but if you do it systematically, results will come.
Employee Turnover Can Be Reduced By Investing In Your Employer Brand
This is one of the most important recruiting statistics that employers HR specialists care about. Employee turnover costs a ton of money. In order to reduce it, the hiring process needs to be well planned and optimized from the very beginning. The entire experience from A-Z needs to be great so that employees love working for your company.
Improve hiring with a recruitment marketing tool
Recruitment marketing software are many modern recruiters' favorite tools for finding, attracting and reaching out to best job candidates. Since talent sourcing is becoming harder and harder every year, many HR professionals say that their jobs have become unimaginable without a help of a recruitment marketing software.
Here, I am not talking about an Applicant Tracking System, but rather a Recruitment Marketing solution that can help you automate, fasten and improve your efforts in finding and hiring qualified candidates.