8 Employment Facts

At Staffing it is interesting to read some of the interesting stats from the recruitment industry. Whether you are a employment agency, employer or candidate you will be surprised and facinated with the following recruiting facts (Updated May 2021):

• 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 82% of available jobs never advertised you should never stop career networking.
• The average cost of replacing a member of staff earning is $5,000 and $13,000.
• Many enterprises use talent-management software to screen resumes that look at keywords to screen out up to 74% of applicants without ever looking at a resume or cover letter
• On average there will be between 61 and 109 applicants for advertised jobs. Generally between 4% and 9% of these applicants get an interview.
• 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.
• Phone interviews last 28 minutes and face-to-face interviews last 55 minutes on average. In a survey of 2,000 hiring managers, 30% claimed to know whether or not they would hire someone within 10 minutes. After that, it usually takes 2 day to 13 days to hear from the recruiters with their decision.
• On average new talent take between 23 and 26 weeks to reach optimum productivity.
• Companies on average look for the consider the following traits before making an offer: 28% look for multitasking skills; 32% look for initiative; 20% look for creative thinking; and 13% look for something else in the candidate.
• companies report that 1 in 22 job offers (around 5%) are rejected by their first choice of candidate. Usually because they have received another offer, however often for many other reasons.
• It is interesting to note that only 7% of unsuccessful candidates were given feedback that was moderately useful from hirers. Only 3% of candidates received valuable feedback.

Sources :

• The New York Times
• IBIS World
• The Telegraph
• RCSA
• The Sydney Morning Herald

At Staffing we recognise that a commitment to service Labour Hire Agency excellence can never waiver and needs to be as much about an organisation’s culture as a commitment to its stakeholders. Staffing has built a reputation for great recruit service and fantastic talent, the envy of many of our competitors. Call us today to discover how we can help turn your labor hire challenge into a solution! With a wide range of recruiting services we look forward to assisting you, whether you were referred to us or searched for our business intelligence manager information technology staff in hong kong, director of information hong kong recruitment, service delivery manager recruitment agencies in hong kong, hong kong information technology recruitment agency staff or top management recruitment agencies hong kong online.