50+ Human Resources Statistics, Trends & Triumphs [2024]

February 14, 2024 0 Comments

Employee’s priorities are changing.

According to the latest statistics, 81% of working parents prefer work-life balance more than receiving higher pay. 

It is shocking to note that only 1 in 10 employees strongly agree that their company has an excellent onboarding program.

Wondering about the magic behind effective HR?

89% of HR leaders surveyed agree that ongoing peer feedback and check-ins positively impact their organizations. 

80% of HR professionals reported that incorporating HR technologies into their processes improved employee attitudes toward the company.

Ready to redefine HR strategies? Let’s explore insightful human resources statistics reshaping the business landscape.

Top Human Resource Statistics: Editor’s Pick

40% of HR leaders are not aware of the skills their workforce possesses
  1. The average pay for an HR specialist was $62,290 per year in 2021. [1]
  2. 80% of small businesses now use HR software or plan to use it in the next two years. [13]
  3. After Covid, virtual recruitment has become the most used method in the hiring process. [7]
  4. An employee vacancy costs $500 to the company per day.
  5. A majority of recruiters 75% use applicant tracking software to find potential employees, while 79% use social media. [7]
  6. Recruiting through their employees’ networks has expanded companies’ talent pool by 10x. [9]
  7. 46% of HR leaders blamed employee burnout for up to 50% of their annual workforce is turnover. [10]
  8. 30% of the world’s workforce are active job seekers. [18]
  9. As of January 2023, the unemployment rate is 3.4%, and the number of unemployed persons is 5.7 million. [4]

Key Human Resource Statistics

The average pay for an HR specialist was $62,290 per year in 2021. [1]

The wage for human resources managers was $126,230. [2]

81% of working parents prefer work-life balance more than receive higher pay. [2]

89% of HR leaders surveyed agree that ongoing peer feedback and check-ins positively impact their organizations. [8]

It is reported that only 34% of HR leaders invest in workforce learning and reskilling as part of their future work strategy. [8]

40% of HR leaders are not aware of the skills their workforce possesses. [18]

Human Resource Technology Statistics

  1. 57% of organizations admitted they were looking for a new system because old systems could not generate data analytics. [13]
  2. 80% of small businesses now use HR software or plan to use it in the next two years. [13]
  3. Of companies that do not use an applicant tracking system, 57% cited cost as the main reason. [13]
  4. Over one-fifth of HR leaders are concerned over the security of critical HR data stored on the cloud as a top technology challenge. [13]
  5. 80% of HR professionals reported that incorporating HR technologies into their processes improved employee attitudes toward the company. [7]
  6. A majority of recruiters 75% use applicant tracking software to find potential employees, while 79% use social media. [7]
  7. After Covid, virtual recruitment has become the most used method in the hiring process. [7]
  8. Only 37% of human resources managers are confident in their ability to efficiently use the latest technology such as artificial intelligence. [16]

Human Resource Hiring Statistics

  • It has been observed that each job offer attracts 250 resumes on average. [9]
  • In 2023, 68% of candidates admitted to quitting a job application process midway because of its length and complexity. [9]
  • An employee vacancy costs $500 to the company per day.
  • It is surprising to note that about 30% of new hires resign in the first three months of employment. [6]
  • While 94% of candidates confirmed that they want to receive interview feedback, only 41% have received interview feedback before. [6]
  • 84% of recruiters believe that culture fit is a key factor when hiring. [6]
  • Yet 61% of new hires do not get any training on company culture. [6]
share of cultural fit in hiring decisions

HR Hiring Source Statistics

Best source to hire from?

Employee networks, referrals, and online job boards have given the best talents to organizations.

Recruiting through their employees’ networks has expanded companies’ talent pool by 10x. [9]

48% of organizations confirmed that their top-quality hires come from employee referrals. [9]

Why would an employee participate in referral programs?

  • 35% of employees refer to helping their friends. [12]
  • 32% participate in referrals to help their company.
  • 26% do it to be seen as valuable to employers.
  • 6% do it for money and recognition.

Human Resource Job Search Statistics

30% of the world workforce are active job seekers. [18]

87% of  candidates are open to new job opportunities actively and passively. [18]

Are you one of those? Where to look for a job?

The latest job searching statistics suggest that online job boards are the most preferred (60%) job boards. [17]

56% of people prefer social professional networks and 50% trust word of mouth. [18]

job seekers using smartphones

Employee Onboarding, Retention & Recognition Statistics

  1. It is shocking to note that only 1 in 10 employees strongly agree that their company has an excellent onboarding program. [5]
  2. 53% of HR professionals reported that employee engagement increases if onboarding is good. [17]
  3. It is reported that great onboarding processes can improve new hire retention by 82% and productivity by over 70%. [17]
  4. 46% of HR leaders blamed employee burnout for up to 50% of their annual workforce turnover. [10]
  5. 84% of HR professionals agreed that recognizing employees increases engagement. [10]
  6. Also, 82% agree that it boosts employee happiness and staff availability. [14]

Human Resource Diversity Statistics

four in five employees confirmed that DEI in the workplace is crucial

Did you know organizations are now promoting diversity in the workplace?

78% of companies have taken the initiative to hire a diversity of employees. [15]

62% of employees prefer a diverse work culture to the extent that they would turn down a job offer if companies don’t support diversity. [15]

Four in five employees confirmed that DEI(Diversity, Equity, and Inclusion) in the workplace is crucial. [15]

Recent data recorded that companies that acquire a diverse workforce are 15% to 35% more likely to have higher than average financial returns. [19] 

How COVID Has Affected Human Resources? 

Let’s find out how the pandemic has affected the HR scenario.

  • As Covid locked us inside, there has been a 135% rise in remote jobs. [11]
  • The pandemic prevented 2.8 million persons from looking for work. [11] 
  • Since Covid started, internal mobility is up 20%. [11]
  • The unemployment rate of young workers ages 16-24 jumped from 8.4% to 24.4% from 2019 to 2020. [11]
  • In April 2021, 9.4 million persons reported that they could not work because their employer closed or lost business due to the pandemic. [3]
  • As of January 2023, the unemployment rate is 3.4%, and the number of unemployed persons is 5.7 million. [4]

FAQs

What are HR sector growth statistics?

HR is projected to grow by about 8% from 2021 to 2031. 

What is the average pay of HRs?

The average pay for an HR specialist was $62,290 per year in 2021.

The wage for human resources managers was $126,230.

How has pandemic affected the unemployment scenario?

The unemployment rate of young workers ages 16-24 jumped from 8.4% to 24.4% from 2019 to 2020.

In April 2021, 9.4 million persons reported that they could not work because their employer closed or lost business due to the pandemic.

What does the latest diversity statistics suggest?

78% of companies have taken the initiative to hire a diversity of employees. 62% of employees prefer a diverse work culture to the extent that they would turn down a job offer if companies don’t support diversity.

Conclusion

The HR scenario has changed over time. As covid shifted employees from in-office to remote systems, there has been a 135% rise in remote jobs.

57% of organizations admitted they were looking for a new system because old systems could not generate data analytics.  80% of small businesses now use HR software or plan to use it in the next two years. 

80% reported that incorporating HR technologies into their processes improved employee attitudes toward the company. 

Sources

  1. US Bureau of Labor Statistics. Human Resources Managers
  2. US Bureau of Labor Statistics. Human Resources Specialists
  3. US Bureau of Labor Statistics. The Employment Situation — April 2021
  4. US Bureau of Labor Statistics. The Employment Situation – January 2023
  5. Kronos. New Hire Momentum: Driving the Onboarding Experience
  6. RisePeople.com. Read ‘Em and Share: 25 Fascinating HR Statistics
  7. Kenjo Blog. 30 Human Resources Statistics
  8. Paycor.com. HR Statistics You Need to Know for 2020
  9. hortlister.com. 80 Key Recruiting Statistics for Hiring Managers
  10. ZoomShift.com. 50 HR Statistics to Boost Hiring and Retention in 2021
  11. SHRM.org. 2021 Recruiting Trends Shaped by COVID-19.
  12. Finances Online. 101 Hiring Statistics You Must Read
  13. PwC. PwC’s HR Technology Survey 2020
  14. Work Institute. 2019 Retention Report
  15. HR Dive. Survey: Applicant quality continues to plague employers
  16. HR Cloud. 8 Recruitment Stats You Need to Know
  17. LinkedIn Business. The Ultimate List of Hiring Statistics For Hiring Managers, HR Professionals, and Recruiters
  18. People hum. Top 50 Human Resources statistics [2024]
  19. Monster Hiring. 2021 Hiring Trends: Monster’s Predictions for the New Year.