10 recruiting facts you should know
With these recruiting facts, you'll stay up to date on the most important developments in recruiting.
Without qualified and talented employees, a company struggles to be successful. As the recruitment landscape continues to evolve rapidly – affecting how and where we find top talent – it's more important than ever for companies to be well-informed and strategic in their hiring practices. In this post, we'll explore 10 important facts about recruiting that can inspire and drive your recruitment efforts.
That's how much the wrong employee costs
It's no secret that making a poor choice when hiring new employees can be costly. But did you know that a bad hire can cost a company an average of around 15,000 USD? The investment in training and salary, along with a drop in team productivity, add up quickly, highlighting why it's worth making a careful decision when selecting candidates.
Transparency is Appreciated
Transparency in the recruitment process is increasingly valued by applicants, especially when it comes to salary. This is because advertisements that include salary details receive 75% more attention and result in a larger, more qualified pool of applicants. This step can greatly increase the effectiveness of your job postings and attract serious candidates by ensuring realistic and compatible salary expectations from the start.
Maximal Reach through Social Media
A strong 86% of job seekers use social media in their job search, underscoring the necessity for companies to maintain a compelling and active presence on platforms like LinkedIn, Facebook, and Instagram. Therefore, job openings should definitely be posted on social media to generate more reach.
Find an overview of all the benefits here.
Negative Candidate Journey = Missed Potential
Amazing 60% of job seekers remember a negative application process with a potential employer. This can deter them from accepting a position. A company that offers a smooth and engaging candidate experience positions itself as an attractive workplace – crucial for securing top talent.
To enable a positive candidate journey, companies should have an engaging career page, make the application process as simple and time-saving as possible, and ensure quick communication.
The Desire for Home Office
Although many companies are calling their employees back to the office, 78% of employees are looking for opportunities to work at least partially from home. Companies that incorporate flexibility into their work conditions will therefore be at the forefront in attracting future employees.
Employee Referrals Are Worth Their Weight in Gold
Employee referrals continue to prove invaluable, as referrals lead to 55% faster hiring times and 25% more profitable hires. Investing in a solid referral program can thus bring significant long-term benefits!
What you absolutely need to consider when choosing a referral program, you can find here.
The Employer Brand Precedes It
A company with a positive employer brand attracts 50% more qualified applicants, underscoring the need to maintain a good reputation in the job market. Your brand's perception plays a significant role in accelerating the hiring process and attracting top talent.
How to strengthen your employer brand perception.
Is Faster Better?
With an average duration of 42 days to fill an open position, the importance of an optimized recruitment process cannot be emphasized enough. Speed, combined with quality, ensures that your company remains agile and efficient.
More information can be found here: Why the time factor reduces recruiting costs per position
Don't Underestimate Mobile Search
94% of job searches and 67% of applications are now conducted on mobile devices. Therefore, a recruitment process that is not optimized for smartphones and tablets could miss a significant part of the job market.
Don't Miss Out on Passive Candidates
A total of 75% of employees are open to new opportunities, especially if approached by companies with an excellent reputation. Engaging passive job seekers can greatly expand your talent pool and uncover hidden talents!
Everything you need to know about attracting passive job seekers
The difference between active and passive job seekers
Conclusion
In the race for talent, it's crucial to know the costs of mis-hires, promote salary transparency, and target mobile job seekers. An outstanding candidate experience and flexible work options set your brand apart. Use the insights in this post to optimize your recruiting strategy.
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