- Casual Staffing
8 Employment Facts
At Staffing it is interesting to read some of the interesting stats from the temping industry. Whether you are a employment agency, employer or candidate you will be surprised and facinated with the following recruiting facts (Updated January 2019):
- Many companies use talent-management software to screen resumes that look at keywords to screen out up to 72% of applicants without ever looking at a resume or cover letter
- The average cost of replacing a member of staff earning is $6,000 and $14,000.
- It was reported of the 21,000 new hires 44% of them failed within 16 months and of these, 87% left because their attitudes did not align to that of the organisation. Only 11% failed because of a lack of skills.
- 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 77% of available jobs never advertised you should never stop career networking.
- On average there will be between 61 and 100 applicants for advertised jobs. Generally between 4% and 12% of these applicants get an interview.
- On average new talent take between 22 and 26 weeks to reach optimum productivity.
- Companies on average look for the consider the following traits before making an offer: 28% look for multitasking skills; 29% look for initiative; 21% look for creative thinking; and 13% look for something else in the candidate.
- Other than the date, name of the contact and location, only 39% of candidates receive any information prior to an interview.
- Phone interviews last 26 minutes and face-to-face interviews last 53 minutes on average. In a survey of 2,000 hiring managers, 35% claimed to know whether or not they would hire someone within 10 minutes. After that, it usually takes 1 day to 11 days to hear from the recruiters with their decision.
- 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.