Do you know what job seekers are looking for when they target your company? By understanding the hiring statistics can be more effective at recruiting the very best candidates.
In a recent survey of more than 1,000 CEOs and other C-suite executives, “attracting and retaining talent” is their top concern. However, while acknowledging that talent is a critical success factor, few companies claim to be good at building — or keeping — a strong workforce.
It is getting increasingly important for companies to be able to recruit and retain talented, dedicated employees. However, many companies are not yet fully attuned to the realities of what it takes to do that.
Glassdoor for Employers has compiled a set of handy statistics that can help you guide your recruiting efforts. As you consider the best ways to reach out to prospective job seekers, keep these vital statistics in mind.
1. On average, every corporate job opening attracts 250 resumes
However, only 4 to 6 of these people get an interview, and only one of those gets a job offer.
2. There are five things job seekers take into account before accepting a job offer
These five things, from most to least important, are:
- salary and compensation
- career growth opportunities
- work-life balance
- location/commute
- company culture and values
3. 94 percent of sales professionals say that base salary is the most critical element of their compensation plan
Moreover, only 62 percent of sales professionals say that commission is most important.
4. 79 percent of job seekers use social media in their job search
This figure increases to 86 percent of younger job seekers who are in the first ten years of their careers.
5. Nearly two in three employees say their employer does not—or does not know how to—use social media to promote job openings
Moreover, three in four say their employer does not--or does not know how to--promote their employment brand on social media.
6. 45 percent of job seekers use their mobile devices to search for jobs at least once every day
Fifty-four percent read company reviews from employees on their mobiles, while 52 percent research salary information.
7. There are three things that most matter to Millennials in the companies they work for
These three things are:
- growth opportunities
- retirement benefits
- work culture
8. 64 percent of Millennials would instead make $40K a year at a job they love than $100K a year at a job they think is boring
Nearly 80 percent of Millennials look at people and culture fit with prospective employers, followed by career potential.
9. 46 percent of Millennials left their last job due to lack of career growth
More than 65 percent of Millennials are more skeptical of claims made by employers now than they were in 2011.
10. 69 percent of job seekers would not take a job with a company that has a bad reputation--even if unemployed
Furthermore, 84 percent would consider leaving their current situation if offered a job by a company with an excellent reputation.
11. Increasing employee engagement investments by 10 percent can increase company profits by $2,400 per employee per year
Also, 70 percent of employees who lack confidence in the abilities of senior leadership is not fully engaged.
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