It’s 2020, and job seekers no longer need to print out their CVs and cover letters to be able to apply for a job.
Instead, they just fill out an application online or email it to a recruiter or a hiring manager.
The way people are hiring is changing, and it’s always a good idea to inform yourself about any new trends and learn how the process is evolving.
By looking at our hiring statistics, you’ll find out everything you need to know about recruitment in 2020.
This information will help you understand the current state of employment and how to approach it.
Whether you’re a hiring manager looking for employees or a job seeker looking to increase your job satisfaction, these statistics will help you get more insight into the current state of the recruitment industry.
Top Ten Hiring Stats
- On average, it takes 27 business days for companies to hire a new employee.
- 60% of people find work opportunities through online job boards.
- 74% of job applicants choose to speak with potential employers over the phone.
- The top talent in any industry gets hired in 10 days.
- 1% of the time, people get hired after just one interview.
- 27% of businesses advertising vacancies are transparent about salary.
- In 2015, 51% of American employees were looking for new jobs.
- 50% of the US workplace consists of Millennials.
- Out of the 8 most in-demand jobs, 6 are in the healthcare industry.
- The healthcare industry employs the most people in the United States.
General Statistics on Recruitment
1. According to recruiting statistics from 2019, it takes around 27 days for companies to hire a new employee.
Whether you’re hiring someone or looking for a job, know that it will take time, and it’s unlikely that a hire will happen right after an application has been sent off or received. However, don’t let the potential offer catch you off guard either.
2. 63% of people in charge of hiring new employees use video technology in the interview process.
The video interviews ensure that the hiring process doesn’t take too long. They also present a good way of interviewing people who don’t live nearby. After all, we live in the age of technology, so it’s only logical to use it to its full potential.
3. Linkedin’s hiring statistics show that 49% of job seekers claim compensation is the most important factor when considering a job.
People value their time and want to be rewarded for the work they put in. Following a fair compensation, 33% of job seekers value professional development, while 29% want a healthy work-life balance.
4. 60% of people find work opportunities through online job boards.
Job boards are the number one way for people to find jobs nowadays. 56% of people find work through Linkedin and other social networks, while 50% of positions get filled by word of mouth.
5. 89% of recruiters say most bad hires are people who lack soft skills.
Following that, according to the job search statistics from 2019, 77% of recruiters claim that people who don’t seem right for the job at first are a challenge, and 75% of them say that people who change their minds during the interview process are problematic.
Finally, 42% of recruiters say that finding employees for entry-level jobs is the biggest challenge of them all.
6. 74% of job applicants choose to speak with potential employers over the phone.
Modern technology allows job seekers to be more efficient when looking for work.
That’s why 73% of them communicate via email, 24% prefer SMS, and 16% of people communicate with employers via social media.
7. The employee turnover of companies that allow remote work is 25% lower than that of companies requiring people to come in to work.
The recruiting landscape is changing, and the statistics from 2019 show that employees who can work remotely are happier with their jobs than those who have to spend five days a week at their desk in their employer’s office.
8. The top talent in any industry gets hired within 10 days.
The best employees have always been in high demand. So if you’re trying to hire someone, it’s best to act fast once you’re certain of their skills.
9. Hiring process statistics reveal that 35% of people who’ve had a bad experience during the application process will tell others about it.
Furthermore, 64% will share their bad experiences with other people. So it’s important to make the application process positive for all potential employees.
10. Job seekers claim that they wouldn’t work for a business with a bad reputation unless offered at least 50% more than they are making.
The anonymous employer also states that the negative online reviews made him increase salaries by 30% just to get job seekers to apply.
11. 76% of people looking for a job want to know how much time an application will take before they start filling it in.
The same hiring statistics from 2019 show that most applicants don’t want to fill in an application that takes up more than 20 minutes of their time.
12. 1% of the time, people get hired after just one interview.
17% of the time, a person will be hired after two interviews. 51% of the time, an applicant goes through three interviews before they’re hired. 22% of the time, an applicant will go through four interviews, and 9% of the time, they will go through five or more interviews to get the job.
This is a fascinating piece of information when it comes to the average number of interviews people go through per job.
13. 65% of hiring managers say that the lack of relevant talent in the job market is one of their largest issues.
There are too many jobs and too few professionals. That’s why people who are highly skilled and experienced are snapped up by companies pretty quickly.
14. 53% of job seekers prefer having the specifics and requirements of a position outlined properly in the job ad.
Furthermore, 81% of people looking for jobs claim that employers who keep in contact and promptly respond make the process more pleasant.
15. According to a LinkedIn study on recruiting, stats show that 27% of businesses are open about how much they pay and the salary range they’re offering.
Furthermore, 67% of the above 27% let potential employees know about the salary range early on in the interview process.
However, only 48% of the 27% make the salary range open to the public on their advertisements for the position.
16. 51% of people looking for work prefer to find it on job boards and dedicated websites.
Further hiring facts show that 45% of people searching for jobs find out about vacancies through friends and family. Only 35% go directly to the employer’s website.
17. 50% of job seekers are annoyed with lack of discussion of salary and benefits and last-minute changes during the hiring process.
Moreover, 47% are annoyed by employers who take too long in responding, and 46% say they’re irritated by little to no information about the specifics of the role.
Hiring Trends in the United States
18. In 2015, 51% of American employees were looking for jobs or openings even though they were employed at the time.
That’s more than half of all working people in the United States.
People prefer to be safe by finding a new job before quitting the current one. This has proven to be a common practice among job seekers.
19. The average job vacancy in the United States costs the employer $500 daily.
This considerable setback is the reason why companies are so eager to hire people to fill their vacancies. As the famous saying goes, “time is money.”
20. Hiring stats reveal that people send around 250 CVs for every available corporate job in the United States.
Statistics about resumes show us why it’s so crucial that recruiters and hiring managers know exactly what they’re looking for and have processes in place that make it easier to choose the right candidates.
21. In September 2019, the unemployment rate in the United States was 3.5%.
This employment rate is the lowest it’s ever been since the end of the 1960s.
That’s a big deal because it means there are fewer unemployed people than in the past 50 years.
22. Automation and Artificial Intelligence could replace 25% of jobs in the United States.
That’s an amount of 36 million jobs in the country that could be replaced by machines. However, automation will also bring about brand new types of jobs.
23. Hiring stats from 2019 show that, during that year, the average American full-time worker earned $905 every week.
(The Balance Careers)
People who didn’t graduate from high school and who were 25 years of age or older earned $30,056 per year.
Those who finished high school got $38,428 per year, and those who had a minimum of a bachelor’s degree earned $70,200 per year.
The further a person took their education, the more they eventually ended up making. People with master’s degrees and doctorates made even more.
Millennial Job Search Statistics
24. Half of the workplace in the United States now consists of Millennials.
Out of all the generations, Millennials are now the generation with the most people in the workplace.
25. By 2025, Millenials will account for three-quarters of the workforce.
Younger generations have taken over the workplace. 75% of staff members worldwide will consist of those born between 1981 and 1996.
26. When it comes to their jobs, Millennials value learning and career growth most of all.
According to current job market trends, Millennials also value work-life balance, an enjoyable working environment and culture, and more leave days.
27. 87% of Generation Y employees value the opportunity for on-the-job learning and career development.
In addition to this, almost 80% of Generation Y employees value company culture and a fun working environment.
It seems that Millennials value salary more than their younger colleagues when it comes to choosing a job and, subsequently, a career.
Healthcare Hiring Statistics
28. Of the 8 most in-demand jobs, 6 of them are in the healthcare industry.
These in-demand jobs are home health aide, medical services manager, medical technologist, nursing assistant, personal care aide, and registered nurse.
29. Hiring statistics reveal that in 2018, 346,000 jobs were opened up in the healthcare industry.
In 2017, that number was 284,000, meaning there was an increase of 62,000 jobs created in the space of one year.
30. By the end of 2028, the US healthcare industry will grow by 14%.
When it comes to new jobs, statistics reveal that the healthcare industry will account for more than 1.9 million new positions.
31. In 2025, the highest demand in healthcare jobs will be for home health aides with 446,000 openings.
Nursing assistants will be next in line with 95,000 opportunities, followed by laboratory techs with 60,000 openings.
32. The healthcare industry employs the most people in the United States.
For decades, it was the manufacturing industry that employed the most Americans, but the healthcare industry now takes the lead.
What are the current hiring trends in healthcare?
The top current recruitment trend in healthcare is the focus on branding. By curating the way people see their organization, they can attract more talent.
Another hiring trend is to keep candidates in mind even when at all times. When you come across a candidate you think would fit well with your organization, keep track of them for when you have an opening.
Hiring people that fit in with the company culture and improving the application experience are also among trends taking over the healthcare industry.
Social media recruitment stats show that social media is continuously increasing as a way for recruiters and potential employers to reach new talent and acquire skilled workers.
In this day and age, 91% of hiring managers claim to be making use of social media in their search for the right employees.
This makes sense as 79% of people looking for jobs are using social media platforms to find their perfect job. 73% of Generation Y employees discovered their latest position using a social media account.
What is the definition of hiring trends?
The way people do business is constantly changing. And recruiting and hiring new employees is no different.
Things quickly change, which means that hiring managers need to adapt. They have to keep an eye out for the fresh recruiting statistics and trends.
These trends are proving to be most successful for bringing in new employees at this particular time.
Over the past few decades, hiring and recruiting new employees has dramatically changed. With that in mind, so has the way in which people search for jobs. For example, our hiring statistics reveal that the jobs in healthcare are on the rise, and that this dynamic industry employs the most people in the US. So now that you know how recruiting works, why not make the most out of it?