10 Recruitment Statistics to Help You Better Hire in 2024

Key Takeaways

• The recruiting world is changing significantly.
• In 2024, finding talented employees will be more challenging.
• Expect much harder competition in the job market.
• The rise of remote jobs, Internet meetings, and virtual interviews has transformed the field of technology.
• Discovering the current average cost to hire is crucial.
• Employer branding is more important than ever.
• A list of the top 10 stats to know is available.

Recruitment statistics are like report cards for the hiring world. They track trends and numbers that show what's happening with finding and hiring new employees. These statistics help businesses understand things like:

• How hard is it to find candidates for qualification?
• How much will it cost to hire a new employee?
• What tools and techniques are becoming popular (like video interviews)?
• Why is treating candidates well important?

By following these statistics, companies can improve their hiring strategies and land the best talent! Further, take a look at these top ten recruiting and hiring stats that can transform your hiring.

• 87% of recruiters say identifying, attracting, and hiring the most qualified employees for open positions has become a more strategic function over the past year. (LinkedIn)
• 97% of employees prioritize soft and hard skills. (SHRM)
• 73% of job seekers find the job hunting process stressful. (NorthOne)
• 12% of full-time workers are tackling their work jobs and responsibilities by sitting on their couch; 29.4% work in an office schedule. (WFHResearch)
• 73% of workers will turn to freelance work in 2023. (Fiverr)
• Over 70% of employers who use application tracking systems (ATS) find it easier to find candidates through them. (Jobtip)
• Almost 90% of job seekers will accept a job offer faster when a recruiter contacts them. (Zippia)
• Only 45% of recruiting professionals agree that their companies have increased salaries enough to not lose buying power. (LinkedIn)
• 83% of candidates prefer having a clear timeline for the hiring process. (NorthOne)
• Recruiters spend an average of approx 7.4 seconds looking at candidates’ resumes. (HRDrive)

What is the Future of Recruitment for Upcoming Youth?

The recruiting landscape is transforming! Get ready for a new environment of barriers as well as exciting possibilities. From less budget, saving a penny of budget to a focus on finding the perfect skill set over experience, the way this tech field is revolving is a major transformation, and leading the charge. These recruitment industry statistics show the clear average data for hiring,

A whole new generation of talented young professionals with fresh perspectives. With these new statistics, more challenges will knock on our door but with as many opportunities. If you take a look at these numbers of recruiting statistics mentioned below you’ll see the recruiting world we’re stepping into –

• 53% of in-house recruitment professionals predicted that their recruitment budget would either go down or stay flat this year. (LinkedIn)
• 79% of recruiters believe that AI will replace humans soon. (LinkedIn)
• By 2025, young youth will make up 75% of employees. (Forbes)
• 63% of recruiters said that AI might become your first option for solving problems, checking resumes and applications to find the most trustable match (LinkedIn)
• 64% of leaders predict the next five years of recruitment will include SMS and text message recruitment. (SimpleTexting)

5 Top Statistics on Mobile Recruiting for Recruitment Strategy

Forget boring desktop-only applications! These five eye-opening statistics reveal why mobile phones are the key to unlocking a successful recruitment strategy. From the exploding popularity of job hunting on smartphones to the growing dominance of mobile apps, it's clear: that reaching top talent requires putting your recruitment efforts in your pocket. An average of recruitment industry statistics is mentioned:

• 94% of job seekers use smartphones to research job openings, indicating a significant reliance on mobile devices for job search activities. (RecruitBPM)
• 45% of unemployed people use their mobile phones at least once a day to check for new opportunities on job boards and sites. (Novoresume)
• 67% of all job seekers complete their applications on a mobile device, emphasizing the importance of mobile-friendly application processes. (SelectHub)
• 1 in 5 people have a smartphone, and 68% of job seekers aged 18-25 use their mobile devices to search for jobs. (Recruiter)
• 55% of people between the ages of 35 and 44 use mobile devices for job searching, indicating that mobile recruiting isn’t just for Gen-Z. (HireQuotient)

Have a Look at These Hiring Statistics for Your Next Video Interview

Now, let’s talk about video interviews. Ever wonder why they have become such a tough task to qualify for in the hiring world? It’s all in the statistics. Have a look.

One-way video interviews allow candidates to showcase their skills and experience on their own schedule, making it easy for employees to their flexible time.

They make the hiring process faster and also candidates have more control over how they are presented during the interview process.

So, let’s take a closer look at the numbers that are providing a flexible schedule:

• 60% of recruiters use video interviews to hire their employees in less time and make it flexible for both candidates and recruiters. (Nutmeg Education)
• In 2023, 69% of employers began using video interviews in their hiring process, compared to 22% before the pandemic. (StandOut CV)
• According to 74% of recruiters, video interviews have made interviewing and choosing prospects simpler. (LLC Buddy)
• Video interviews are six times faster than phone interviews. (LegalJobs)
• The video interviewing platform market is rapidly expanding. It's expected to almost double in size by US$ 1,786.0 million in 2030, growing at a steady pace of over 26.8% annually.(GlobeNewswire)
• In the online hiring process, 63% of U.S. organizations will begin video calling in 2023. (Enterprise Apps Today)
• The rise of AI in video interviews suggests a move towards a smarter and faster way to find the best talent.

By the Numbers: How Students Are Recruiting on Campuses Today?

Campus recruitment connects companies with fresh talent from universities. Companies visit campuses to interview final-year students for full-time jobs or internships. This benefits employers by finding eager, adaptable graduates and students gain valuable career opportunities. It's a win-win: companies get a fresh perspective and students launch their careers.

Looking at these statistics once, it clearly show the changes in campus recruiting strategies and the rise of technology.

• Compared to 2022, recruiters are hiring 15% more college graduates this year. (Forbes)
• Compared with the class of 2022, students saw a rise of 14.7% in the hiring process for the class of 2023 college graduates. (NACE)
• Continuity on 2023, 54% of HR professionals companies are strategically increasing recruitment for their benefit, expecting innovative thinking and up-to-date skillsets of recent graduates(iCIMS)
• 21.5% of college students participate in internships, indicating significant engagement in practical work experience during their studies. (StandOut CV)
• 70% of companies are hiring new college graduates this year, but only companies that adopt smart campus strategies and utilize time-saving technologies for smart work over hard work will survive in this job market. (Yello)
• October is a prime time for recent graduate students to launch their job search, as lots of companies will start early career recruiting. (RippleMatch)
• Campus recruitments at Tier 2 and 3 colleges experienced a 7% year-on-year increase in 2023, soaring to 12,050 placements. (People Matters)

7 Statics Every Hiring Manager Needs to Know

Tackling hiring challenges can seem tough, but the right information makes it easier. Empower yourself to conquer common issues with these 7 powerful statistics. Let’s take a quick look at here:

• In 2023, recruiters are worried as the population of smart workers is less than job openings worldwide. (Statista)
• Recruiters have decreased 15% of the hiring process in the first half of 2023 as compared to the first half of 2023. (Workday)
• There are more open jobs than there are people who have the skills and experience companies are looking for. This makes it difficult for recruiters to find qualified candidates to fill those positions. (Geomotiv)
• More than 40% of companies with 10 or more staff are struggling to recruit, with labor shortages in many sectors which can lead companies to not be able to operate at full capacity. (Guardian Recruiters)
• Organizations no longer use the old method for hiring employees as it takes too much time.(Gartner)
• It is hard for recruiters to examine an employee's soft skills and emotional intelligence in virtual interviews. (Statista)
• 90% of hiring managers still face tough challenges in finding innovative-thinking employees. (Robert Half)

Conclusion

Our recent recruitment strategy focused on attracting top talent by utilizing time through diverse job boards, and employer branding campaigns. While there are more job openings than deserving employees, we see a shortage in many sectors. We were leveraging data through the latest technologies, virtual interviews, and ATS. We can further refine our approach to improve the candidate experience and attract more specific skills. Overall, the statistics show promise for building a strong job market with good and smart employees.

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