- Overtime Staff
9 Hiring Facts
At Staffing it is interesting to read some of the interesting stats from the recruitment industry. Whether you are a recruitment agency, employer or candidate you will be surprised and facinated with the following recruiting facts (Updated September 2018):
- Many enterprises use talent-management software to screen resumes that look at keywords to screen out up to 80% of applicants without ever looking at a resume or cover letter
- On average there will be between 65 and 92 applicants for advertised jobs. Generally between 3% and 8% of these applicants get an interview.
- 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 79% of available jobs never advertised you should never stop career networking.
- Organisations spend on average 5 and 7 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.
- The average cost of replacing a member of staff earning is $6,000 and $14,000.
- Phone interviews last 31 minutes and face-to-face interviews last 50 minutes on average. In a survey of 3,000 hiring managers, 35% claimed to know whether or not they would hire someone within 10 minutes. After that, it usually takes 2 day to 12 days to hear from the recruiters with their decision.
- It is interesting to note that only 5% of unsuccessful candidates were given feedback that was moderately useful from hirers. Only 2% of candidates received valuable feedback.
- On average new candidates take between 24 and 29 weeks to reach optimum productivity.
- Other than the date, name of the contact and location, only 36% of candidates receive any information prior to an interview.
- Companies on average look for the consider the following traits before making an offer: 31% look for multitasking skills; 31% look for initiative; 19% look for creative thinking; and 11% look for something else in the candidate.
- the ABC
- American Staffing Association
- Hiring for Attitude by Mark Murph
- The Australian Financial Review
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