With a new year always comes new changes in the job market with regard to what recruiters are looking for and what marketable skills potential hirees can contribute to the workforce.
Companies big and small can experience different demands every year and those needs come out strongest when trying to fill positions. Recruiters have to worry about the retention time, cost, and skill of an employee and many companies also take into account the overall feel of a new recruit fitting into a team. ‘
As follows are 15 statistics for 2017 that are helpful to acknowledge and consider when approaching the hiring process as a recruiter or potential applicant for a position in a workforce:
1.In 2017, 3.6 million executive leaders are predicted to retire, allowing younger employees to move to management positions.
2. When it comes to searching for a job, 42.9% of job seekers search by job board, 32.1% search career sites, and 6.9% check referral programs.
3. 39.9% of recruiters check referral programs, 21.2% hire from Career Sites, 14.6% from Job Boards and 4.6% from Agencies.
4. 38% of hirers ranked a “fun, engaging, company culture” as the most attractive quality of a business.
5. The average person job searching reads six reviews posted about a company before forming their opinion on the company.
6. 69% of job-seekers would not accept an offer with a company holding a bad reputation.
7. The average cost per new hire is at an all time high of $4,000.
8. 60% of potential candidates have quit a job application process because it was too lengthy.
9. Similarly, 15% of job-seekers with a positive hiring experience put more effort into the position.
10. Glassdoor, alongside Indeed and LinkedIn were voted the leading job sites for 2017.
11. In 2017, America’s unemployment rate has dropped below 5%, with an average of 181,000 job openings available per month.
12. 28% of Gen Z and 17% of Millennials reported they received feedback regularly (daily) and not on an annual scale.
13. In 2016 and into 2017, the top skill to get a job-seeker hired was Cloud and Distributed Computing.
14. Fewer than 20% of companies deploy their HR and employee productivity solutions on mobile apps today.
15. Only 8% of companies advertise and utilize a mobile platform for the recruiting process.