20 Job Statistics Recruiters Must Know

Recruiting is a constantly changing environment, and it should come as no surprise that what is true today may not necessarily be true down the line. Recruiters must be up-to-date on industry and hiring trends to ensure successful recruitment efforts. This post will explore vital job statistics for recruiters in 2024 and beyond.

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Why are Job Statistics Important for Recruiters?

Job statistics provide recruiters with actionable insights into their current recruitment strategies. Here are some statistics every recruiter should consider:

Understanding Market and Hiring Trends

Job statistics provide recruiters with a comprehensive view of the job market, including employment rates, salary trends, and industry growth. This information can help recruiters stay up-to-date on changes in the job market and adjust their recruitment strategies accordingly.

Identifying Talent Pools

Job statistics can help recruiters identify areas with high concentrations of potential candidates, such as cities or universities with strong programs in relevant fields. This information can help recruiters target their recruitment efforts and connect with a larger pool of qualified candidates.

Making Data-Driven Decisions

By utilizing labor statistics, recruiters can make informed decisions based on data rather than guesswork or intuition. This can help recruiters optimize their recruitment strategies, such as determining which job boards to post on, which sourcing methods to use, or which perks to offer to attract top talent.

20 Job Statistics Recruiters Must Know

Now that you understand the importance of job statistics for recruiters, here are some key numbers to keep in mind:

#1. Social Media Recruiting

• 86% of job seekers look for new jobs on social media

CareerArc revealed that by leveraging social media, recruiters could easily access both passive and active job seekers.

#2. Remote Work

• 86% of people now feel they could do their job remotely

According to a recent Global Workplace Analytics and Establishment survey research, the pandemic has caused remote work to become the new normal.

#3. Job Market Growth

• Employment is expected to expand by 2.2 million jobs

This presents an opportunity for recruiters to capitalize on this growth and connect with potential candidates who may not have been looking for employment.

#4. Competition for Talent

• 47% of employers say they are having difficulty filling open positions

The talent competition is at an all-time high, with employers struggling to recruit and retain top employees.

#5. Applicant Experience

• 75% of applicants have a positive experience when applying for jobs

Investing time and resources into creating a smooth candidate journey can help recruiters attract high-quality candidates.

#6. Interviewing techniques

• Video interviewing is used by 78% of employers.

Video interviews will become increasingly popular as a way for recruiters to screen candidates quickly and efficiently.

#7. Artificial Intelligence (AI)

• 47% of employers are using AI to help find and hire talent

AI-powered recruiting tools are becoming increasingly popular, allowing recruiters to automate tedious tasks and quickly identify top candidates.

#8. Diversity & Inclusion

According to the Bureau of Labor Statistics, Employers prioritize diversity and inclusion initiatives, with 67% of employers using DEI practices in their recruitment processes.

#9. Employee referrals

• Still working well for employers, with 80% of employers finding quality hires through referrals.

Employee referral programs remain one of the most effective recruitment strategies.

#10. Geographical hiring

• 58% of recruiters plan to open remote offices in different cities

A presence in multiple locations or geography can help recruiters expand their network and connect with more potential candidates.

#11. Advertisement elements

• 78% more clicks for ads featuring salaries

Including salary information in job postings and advertisements can help recruiters attract more qualified applicants.

#12. Employee engagement

• 60% of employers say employee engagement is a top priority

Investing time and resources into engaging with current employees can help increase retention rates and create positive word-of-mouth for potential candidates.

#13. Automation

• 59% of recruiters are using technology to automate the recruitment process

Utilizing automation tools and solutions can help recruiters speed up their recruitment processes and save time.

#14. Flexibility and Professional Development

• Employees are willing to surrender up to 12% of their wages for greater flexibility and personal advancement.

Providing flexible working arrangements and professional development opportunities can help employers attract top-tier talent.

#15. Employee Retention

• The average turnover rate in 2020 was 16.1%

Retaining employees is crucial to reducing costs associated with hiring and onboarding new staff. Investing time and resources into creating a supportive work environment can help employers reduce turnover.

#16. Transparency

• 96% of job seekers say working for a company that embraces transparency is important.

Creating an open and honest work culture can help recruiters build trust with potential candidates and increase their likelihood of applying.

#17. Best Fit

• 77% of recruiters have returned to hire candidates who didn’t initially appear to be a good match for their team.

Investing time and resources into understanding a candidate’s skill set and personality can help recruiters identify the best fit for their team.

#18. Skill Testing

• Two-thirds of hiring managers consider skills testing an invaluable tool for quickly screening candidates.

Using skills tests and assessments can help recruiters quickly identify job-specific knowledge, saving time and resources in the recruitment process.

#19. Clear Hiring Timeline

• 8 out of 10 job seekers anticipate employers to present a clear process timeline.

Outlining a clear timeline for the recruitment process can help employers build trust and create an efficient hiring process.

#20. Cultural fit

• 67% of recruiters believe cultural fit is an essential factor when hiring

Identifying the right cultural fit is crucial to improving employee engagement and retention. Employers should prioritize understanding a candidate’s values and goals when hiring.

Having a solid lay of the land 

A clear understanding of market and hiring trends and the latest recruitment data gives recruiters the information they need to make informed decisions about their hiring practices. Each year, recruiters must familiarize themselves with emerging job statistics to stay ahead of the curve. Recruiters should be aware of which hiring trends are here to stay and expect them to evolve over time.

While hiring remains a long and challenging process, adapting these 20 employment statistics can help put your recruitment plan on track for success. With this knowledge, you’ll be armed with the tools necessary to create a successful workforce that meets your strategic goals.