Curious about the trends shaping modern recruitment?
Did you know recruitment is evolving?
About 57% of workers think their organization should put more effort into hiring diverse talent.
Despite 61% of recruiters expecting virtual interviews to be a new norm by 2024, 31% of HR leaders do not like using AI to make recruitment decisions.
Heard about ‘money as a motivator’?
Well, it’s a deciding factor for 67% of job seekers too.
Explore eye-opening recruitment statistics that will reshape your approach toward hiring trends.
Top Recruitment Statistics: Editor’s Pick
- 22% of employers are consistently planning on hiring new employees as in 2022 and 2023. [1]
- 34% of recruiters believe that the worker skills gap has recently increased. [4]
- 84% of employers use social media platforms like LinkedIn and Instagram for recruiting. [6]
- Candidates find Job searching as the most tedious task in the hiring process. [16]
- 15% of job seekers confirmed they would reject a job offer due to toxic work culture. [7]
- 75% of recruiters complain about losing candidates due to the long hiring process. [20]
- 60% of all job applications were submitted via online job boards. [21]
- It is predicted that by 2025, 22% of the US workforce will be hired and work remotely.
Global Recruitment Statistics 2024
Wondering why a good recruitment strategy and facts are important?
An average job vacancy costs an employer $98 per day. [11]
According to a Monster report, 92% of employers are consistently planning on hiring new employees as in 2022 and 2023. [1]
51% of employees have said they want a new job because their salary expectations have increased. [2]
44% of employees are hung up in stressful jobs, and they do so unwillingly. [2]
30% of new hires leave within 90 days. [3]
46% of employers admitted that they are ready to accept gaps in applicants’ working experience. [3]
77% of workers are ready to accept a job without visiting a physical office. [3]
45% of employees agreed to feel burned out due to organizational changes in 2023. [3]
It is shocking to note that one out of three employees thought about quitting their jobs multiple times per week. [4]
According to a study, employees said that ‘they would get a root canal rather than go back to work more than five days per week’. [4]
Flexibility at work has increased employee retention by 53%. [4]
34% of recruiters believe that the worker skills gap has recently increased. [4]
Recruitment Strategy Statistics
Got hired via Instagram!?
Almost all Gen Zs are now getting their first jobs/internships on social media.
84% of employers use social media platforms like LinkedIn and Instagram for recruiting. [6]
Employers can easily reduce the cost of hiring by building a strong organization or employer brand.
70% of candidates looking for a job want to hear about the salary range in the first interaction with the recruiter. [13]
According to 88% of business reports, referrals make the best hires. [14]
Companies can have access to a talent pool 10x bigger if they hire via employee referrals. [14]
Recruitment Statistics By Job Seekers
Who are these job seekers and What are they looking for during the hiring process?
25% of active job seekers are millennials. [15]
By 2025, millennials will constitute 75% of the workforce globally. [15]
About 50% of job seekers are frustrated due lack of salary transparency. [16]
Candidates find Job searching as the most tedious task in the hiring process. [16]
89% of applicants tend to accept a job offer faster than the time the recruiter took to contact them. [15]
Important Factors Affecting Recruitment
Curious to know hiring trends and how many people are looking for a job?
Well, to understand recruitment, we need to understand unemployment, low engagement, turnover, and job loss data.
Importance of Onboarding while Recruiting
- Smooth onboarding makes new hires stay on the job by 82%. [8]
- 30% of newly hired employees tend to leave a job in the first three months. [8]
- 88% of companies do not have a good onboarding process. [8]
- 57% of employees prefer having a mentor, leader, or colleague to guide them. [8]
- 58% of companies focus on paperwork-based onboarding procedures. [3]
- 28% of employees admit to facing communication issues during the hiring process. [17]
- Companies with a useful and formal onboarding process have 50% retention rates.
Organization’s Culture and Recruitment Statistics
- Company culture is important for 45% of job seekers. [7]
- 15% of job seekers confirmed they would reject a job offer due to toxic work culture. [7]
- Employees are 26% more likely to leave their jobs if they feel a lack of transparency and trust among colleagues. [10]
- Impactful brands with impressive images attract 50% more talented applicants. [17]
- 88% of employees believe a good company culture is important for their growth and success. [10]
Diversity and Recruitment Statistics
Wondering how diversity affects recruitment?
- It has been recorded that racially diverse organizations perform about 35% better than others who do not hire diverse employees. [9]
- The average gender pay gap is about 17% in the US. [9]
- About 57% of workers think their organization should put more effort into hiring diverse talent. [9]
- Companies with a diverse executive team are 33% more likely to see better-than-average profits than those who didn’t. [9]
- 75% of US applicants confirmed that a diverse workforce is important while evaluating job offers. [9]
- Diversity, Equity, and Inclusion come under the top five priorities while recruiting in 2023, according to 35% of HR managers. [2]
- In blind recruitment, women have 46% more chance of getting hired. [2]
- Organizations that post about diversity on LinkedIn receive 26% more women applicants than those who don’t. [5]
Remote and Hybrid Recruitment Statistics
After covid, hybrid work is the new normal.
Let’s find out how companies accept the change!
86% of professionals prefer to work remotely at least a few days a month after Covid. [19]
61% of recruiters are expecting virtual interviews would be a new norm by 2024. [18]
83% of companies responded positively to the results of remote work. [18]
More than 95% of working professionals claim that their productivity has either increased or remained the same since they started working remotely. [19]
70% of organizations are planning to adopt the hybrid working model and 65% of them are working on redesigning their workspace. [18]
Organizations are planning to reduce office space by 30% over the next year. [3]
Common Problems Faced While Recruiting
Did you think only an employee suffers the job market competition?
Employers face it too.
74% of recruiters agreed to face hiring competition while hiring a suitable candidate. [20]
The recruiting process takes about 42 days, while experts suggest finalizing candidates within 10 days, or else you will lose them. [20]
7 out of 10 companies find it difficult to acquire a suitable skilled candidate. [20]
Candidates say yes to a job that replies to them within very few days, and mostly move on from a job that didn’t reply within 15 days. [17]
Here we have curated a list of possible reasons why candidates remove their names from the recruiting process:
| Reason Behind Candidate Drop-out | Percentage of Candidates |
|---|---|
| Employer announcing layoffs | 44% |
| Bad first interaction | 40% |
| Reading negative reviews about company | 35% |
| Hearing employer/leader scams/scandals | 33% |
| Negative news about company | 32% |
Latest Recruitment Trends
About 14% of recruiters have successfully hired candidates through Instagram. [6]
According to 62% of companies and 86% of recruiting managers, candidates are currently running the job market. [3]
About 90% of working professionals consider phones essential for their job searches, while 45% of job seekers hunt jobs on their cell phones at least once a day. [21]
16% of all job applications were recorded to be submitted on their portable devices like laptops, phones, or tablets. [21]
60% of all job applications were submitted via online job boards. [21]
Companies confirmed a 20% cost reduction using AI in hiring procedures. [11]
70% of the workforce worldwide is passive talent, while the rest actively seek jobs. [5]
Though the use of AI in recruitment is increasing, as of now only 11% of hiring companies use AI to reach the talent pool.
31% of HR leaders do not like using AI to make recruitment decisions. [3]
It is predicted that by 2025, 22% of the US workforce will be hired and work remotely. [7]
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FAQs
What is the average hiring time?
The average hiring time has always approximately been 42 days, while experts suggest it takes only 10 days for an employee to move on from an application. An average job listing is only active for up to 30 days.
Which factors determine recruitment?
Recruitment policy, HR planning, size of the organization, company culture, employee engagement, unemployment rate, and diversity in the workplace determine recruitment.
What are recruitment strategy statistics?
Using social media platforms, improving brand image, salary transparency, and employee referrals works best to improve recruitment.
84% of companies use social media for recruiting and 70% of job seekers would like to hear about their salary range in the first interaction.
WrapUP
With plenty of job boards and platforms available to job seekers, it is interesting to note that most of the employees are still looking for new jobs actively or inactively. Also, recruitment statistics reveal that 22% of employers are consistently looking for new hires.
The use of social media platforms has increased in the job market as new-age candidates use these platform ads to search and apply for jobs. As 86% of professionals prefer to work remotely at least a few days a month after covid, 61% of recruiters are expecting virtual interviews would be a new norm by 2024.
Sources
- Media Monster. The Future of Work 2022 Global Report.pdf
- Gallup. State of the global workplace
- Forbes. Hr statistics and trends
- Futureofworkhub. 2023 Monster work watch report
- LinkedIn. Hiring Statistics
- G2. How to Master Social Media and Connect With Your Audience
- G2. How to Create a Strong Company Culture for Happier Employees
- HBR. So you want to quit your brand new job
- Glassdoor. Diversity and Inclusion Workplace Survey
- Deloitte. Core beliefs and culture Chairman’s survey findings
- JSG Blog. Are You Aware of the Cost of Vacancies?
- LinkedIn. Factors Affecting Recruitment
- SHRM. Salary Is the Most Important Part of Job Ad
- Payscale. How Many Jobs Are Found Through Networking, Really?
- Fast Company. Is now a good time to change careers? More workers are feeling good about it
- Dice. What Went Wrong with Culture Fit in Tech?
- CBIZ. How Your Employer Brand Impacts Recruiting Retention
- Inc. Why Your Candidates Prefer Virtual Interviews and You Should Too
- LinkedIn. 6 Recruiting Trends That Will Shape 2021
- Manpower Group. Solving the Talent Shortage
- SHRM. Online Job Searching Has Doubled Since 2005
Manisha is a digital writer providing guidance in career development and growth. She facilitates skill development and implementation of the right strategies for advancement. At Jobera, She documents content around the latest market trend analysis, insights, and career planning.