To abstain from falling into expensive potholes along the street to building the most engaged, various and qualified workforce possible, we’ve compiled a huge number of supportive Recruitment statistics.

2018 was a phenomenal year for the recruiters in the large organizations. Recruitment statistics show that 44% of the top companies were looking for FTEs (Full-time employees) and 51% of them were looking for a temporary workforce.

Challenges Faced by the Recruiters

  • Candidate-Driven Markets: The top candidates have multiple options in the industry that present job-hopping opportunities. Therefore, they do not stay loyal to their current employer for a long time.
    • More than 73% of the candidates today are only passively seeking a job
    • Top candidates are picked up by the recruiters within 10 days
    • Nearly 21% of the recruiters feel that they cannot meet the demands of the deserving candidates
  • Recruitment statistics for Shortage of Talent: While there is a huge pool of candidates ready to take the jobs, only a few of them have the skills to handle the job correctly.
    • Nearly 72.8% of the recruiters are finding it difficult to find the right talent
    • Over 86% of the employees that are perfect for a position in the company are recruited by other employers
    • Studies show that over 42% of the companies fear a lack of talent in the market
  • Negative Branding for the Employers: Employers that have a negative image on the review sites find it difficult to hire the right talent.
    • Over 55% of job seekers do not apply for a job after seeing the bad reviews for a company
    • 84% of the companies believe that the reputation of the company plays a major role in the ease of hiring process
    • On a survey, over 50% of candidates said that they would not work for a bad employer even on a pay hike

Top Trends in the Recruitment Process

These trends governed the recruitment process in the top companies in 2019.

  • Data-Driven Hiring Process: Companies assess the candidates on the following data:
    • 59% on the soft skills of the individual
    • 54% in the interview process
    • 28% in the virtual reality assessments
  • Throwing Diversity into the Mix:
  • Several companies focused on hiring with a more gender neutral and ethnicity neutral approach.
  • Using the Latest Technologies for the Interview Process: Companies believe that new interview tools helped them with:
    • Increasing customer representation by 49%
    • Improve company performance by 62%
    • Improve company culture by 78%
  • Using Artificial Intelligence and Automation for the Recruitment: The top companies are already using interview tools embedded with Artificial Intelligence (AI) embedded technologies for the recruitment process. These tools help companies with the following:
    • Increase employee retention by 56%
    • Evaluate skill gaps with 50% more accuracy
    • Increase the quality proposition/offer to the candidates by 50%

Recruitment statistics show that AI technologies have helped companies reduce the workload of their hiring force and helped them hire more high-quality candidates in a shorter period. They have also simplified and streamlined the overall recruitment process to a great extent.