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16 Hiring Secrets of 2016

The second half of the 2016 year has brought about some significant change.  Some good and some bad, but the bottom line is that it is detrimental to be aware and engaged with this job seeking market.  Below are 16 hiring secrets of 2016.  Enjoy!

  1. 47% of small businesses cannot find qualified applicants for open positions.
  2. 51% of employees are considering a new job. 
  3. $4,000 is the average amount U.S. companies spend to fill an open position.
  4. It takes an average of 52 days to fill an open position, up from 48 days in 2011.
  5. 34% of the U.S. workforce is comprised of Millennials, currently the largest group with still more Millennials set to enter the workforce.
  6. Nearly 80% of Millennials look for people and culture fit with employers, followed by career potential.
  7. 45% of job seekers say they use their mobile device specifically to search for jobs at least once a day.
  8. On average, each corporate job opening attracts 250 resumes. Of these candidates, four to six will be called for an interview and only one will be offered the job.
  9. More than two-thirds (67%) of employers believe retention rates would be higher if candidates had a clearer picture of what to expect about working at the company before taking the job.
  10. 62% agree their perception of a company improves after seeing an employer respond to a review.
  11. Increasing employee engagement investments by 10% can increase profits by $2,400 per employee, per year.
  12. 84% would consider leaving their current jobs if offered another role with a company that had an excellent corporate reputation.
  13. Only 26% of employees agree “my employer listens and responds well to me.”
  14. The top two obstacles to increasing headcount are a shortage of candidates (31%) and lengthy hiring practices (27%).
  15. Top 5 pieces biggest considerations job seekers take into account before accepting a job offer: Salary and compensation, Career growth opportunities, Work-life balance, Location/commute, Company culture and values.
  16. When we asked who at their company was in the best position to increase diversity, the top three answers were: Hiring managers (45 percent), the CEO (42 percent), HR (40 percent).

 

Shocked by these statistics?  Most people are.  For more information feel free to contact us today!

 

Statistics provided by Glassdoor

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