10 Recruiting Facts
At Staffing it is interesting to read some of the interesting stats from the recruitment industry. Whether you are a staffing agency, employer or candidate you will be surprised and facinated with the following hiring facts (Updated August 2020):
- It was reported of the 20,000 new hires 47% of them failed within 20 months and of these, 90% left because their attitudes did not align to that of the organisation. Only 9% failed because of a lack of skills.
- The average cost of replacing a member of staff earning is $5,000 and $12,000.
- Organisations spend on average 5 and 8 seconds reviewing resumes, 1 grammar or spelling mistake and your CV will be thrown away. 73% of CVs are ignored if your email address is unprofessional.
- Just as the number of job opening can increase it often will decrease at an even faster rate if an economy is slowing down. Nothing is constant so the highest salaries are secured when unemployment rates are lowest. Rememnber however lock in your job and salary at the peak as you may be looking for work when the cycle dips. With approximately 76% of available jobs never advertised you should never stop career networking.
- On average there will be between 62 and 98 applicants for advertised jobs. Generally between 4% and 8% of these applicants get an interview.
- companies report that 1 in 22 job offers (around 5%) are rejected by their first choice of candidate. Usually because they have received another offer, however often for many other reasons.
- Companies on average look for the consider the following traits before making an offer: 34% look for multitasking skills; 28% look for initiative; 20% look for creative thinking; and 11% look for something else in the candidate.
- Other than the date, name of the contact and location, only 45% of candidates receive any information prior to an interview.
- On average new candidates take between 22 and 29 weeks to reach optimum productivity.
- It is interesting to note that only 7% of unsuccessful candidates were given feedback that was moderately useful from hirers. Only 2% of candidates received valuable feedback.
For more Recruitment Services Career Advice see below additional resources to find the perfect job: