Human resources is a key part of any organization. After all, it is the people who do the work who are key to the success of any business. In this article, we will be going through the most interesting HR statistics available so that you may better understand the modern workforce, from employee turnover rates to trends in human resource management.
Understanding human resources is the first step in understanding how organizations perform at their best and at their worst. With these intriguing statistics and facts, you will learn all about the wonderful world of HR and get a sneak peek into how businesses retain employees, hire new ones, and how they ensure that their employees are happy.
The Top 10 Shocking HR Statistics and Facts
- Companies that offer their employees the opportunity to work remotely have a 25% lower turnover rate than companies that insist that their staff members have to go into the office every day.
- 82% of women would want extra benefits or perks more than an increase in salary.
- According to HR technology trends, around 94% of employers monitor their employees in some way or another.
- 96% of employees value empathy in the workplace and believe that it can make or break the experience of a job.
- According to trends in HR management, around 70% of hiring managers claim to screen job candidates’ social media before making an offer.
- Disengaged employees cost the economy of the United States an excess of $500 billion annually.
- 88% of people who feel that they have a solid purpose at work are happier with their job.
- 22% of employees claim to have resigned from a job because of career development.
- When it comes to managing a workforce, 47% of leaders in HR claimed that employee retention and the turnover rate were a challenge in their jobs.
- The rate of employee turnover is 14.6% for registered bedside nurses.
General Human Resources Stats
1. Companies that offer their employees the opportunity to work remotely have a 25% lower turnover rate than companies that insist on office work only.
If you own a business that has a high employee turnover rate, you might want to consider offering remote work as a way to reduce your staff turnover.
2. When thinking about moving to a new job, 39% of women claim that the reputation of the business they’re considering joining matters a lot to them.
Furthermore, statistics in HR show that 32% of women claim that the business’s cause matters to them greatly. In contrast, 33% of men feel that the business’s reputation matters greatly, and only 22% care that much about the cause of the business.
3. 82% of women would want extra benefits or perks more than an increase in salary.
In comparison, only 76% of men said the same thing. On the other hand, 89% of employees who were parents of children who lived with them preferred extra benefits and perks over an increase in salary. And, finally, human resources trends show that 73% of people without children said the same thing. These are interesting diversity and inclusion statistics to keep in mind.
4. HR trivia: 68% of people interviewed said that the skills they have acquired at work make them better people outside of work.
The soft skills that a person learns when at work should never be undervalued as they can greatly improve their relationship with the world around them. Soft skills can include active listening, negotiation skills, empathy, and more.
5. Around 94% of employers monitor their employees in some way or another.
(Insider Threat 2018 Report)
Current HR trends show this could include monitoring emails and communication, monitoring websites visited while at work, or even making use of time logging HR tools to track time spent on projects. So if you’re feeling watched at work, there is a good chance you may be right.
6. Companies with motivated employees have 21% more profitability than companies where employees are disengaged.
Having an engaged and motivated staff could increase the profits of a company. Many of the most successful companies consider staff member engagement as a priority.
7. According to human resources statistics, almost all people surveyed believed that empathy is highly important.
A whopping 96% of employees value empathy in the workplace and believe that it can make or break the job experience. Company morale is greatly linked to empathy in the workplace, and a company culture that values empathy is likely to have more motivated staff members.
8. Around 77% of people in the workplace would prefer to hear good news via the phone.
In comparison to that, 65% would prefer to receive bad news via email. HR facts suggest that perhaps this is so that they don’t have to worry about their reaction to negative news being seen by anyone, and they have time to carefully consider their response.
9. Burnout is rife with 61% of employees claiming they’ve had a breakdown due to work stress.
This is why companies should care when their employees are overworked or stressed and try to mitigate factors that cause this. Employee burnout statistics show that stress doesn’t encourage productivity levels to rise, but rather fall in an organization.
10. According to small business HR statistics, more than half of businesses don’t have rules against office romances.
54% of businesses don’t have a proper policy against co-workers having romantic relationships. However, this doesn’t mean that they are okay with workplace romance; they just don’t have a process or policy set in place.
11. When it comes to the interview process, 94% of applicants would like to receive feedback after their first meeting.
In reality, however, only 41% have received this feedback after an interview. HR statistics also show that people are four times as likely to keep your business in mind in the future if you give them feedback that helps them improve.
So if you’re looking for a job at this time, take a moment or two to go through your social media channels and see whether they give a good impression of who you are. Social media recruiting statistics show that it’s highly likely that a potential employer will do a thorough search of you online.
13. Of all HR professionals who were surveyed, 74% claimed that success in the recruitment process depended greatly on the reputation of the company.
When people have heard that a company is a great place to work, they will be more likely to apply for a position there and accept any offer made by the company. Companies with negative reputations may find it difficult to recruit new people.
14. Of all leaders in HR who were surveyed, 89% said that regular feedback and checking in with employees shows a positive result for the company they work for.
Current trends in human resource management show that keeping the lines of communication open between management and employees is a good way to cultivate healthy working relationships that will last. This improves overall company morale and motivation among team members.
15. If their employer is honest, 82% of staff members would be okay with a salary that is below the market average.
This means that they will accept less money as long as they find their employer’s reasoning to be understandable. However, it has been shown that half of the companies are not willing to alter their compensation packages to better suit millennials.
16. HR trends show that businesses that spend time and energy on creating a good experience for job candidates boost the overall quality of their appointments to positions by 70%.
So, if you are looking to hire the top talent out there, ensure that you offer a great experience during interviews and the screening process. If people have a negative experience during interviews, they are far less likely to accept any job offer made.
Human Resource Statistics in the US
17. Disengaged employees cost the economy of the United States an excess of $500 billion annually.
Employees who are not engaged are less motivated and less productive than the employees who are. This costs the organization in productivity, and that cost is then transferred to the US economy.
18. Just over half of all employees in the United States claim they are either searching for a new job or are keeping an eye on available positions.
According to HR statistics, 51% of all employed people are open to moving companies, which goes to show that employers need to make an effort to retain their employees. This can be done through improving relationships, better compensation and benefits, and alignment of career goals.
19. The percentage of women who claim to have been sexually harassed in their place of work ranges from 25–85%.
The reason that this range is so wide is that many women don’t label all unwelcome sexual advances or behavior as sexual harassment, even when they do see them as a negative experience.
Employee Retention Statistics
20. 1,400 employers were surveyed by the Allegis Group, and it was discovered that 83% found hiring and keeping talent an increasing problem.
Of those, 80% claim that the quality of job applicants was an issue in their strategy to hire talent. In addition to this, 40% claimed that the problem was “significant.” Attracting and holding onto talent is an issue in many organizations, and it’s a problem because a company is only as strong as its talent pool.
21. Human resources stats show that 88% of people who feel that they have a solid purpose at work are happier with their job.
Of these same people, 83% are engaged with their work, 82% are more successful, 89% feel they’re more productive, and 80% believe they have an impact in the workplace.
22. There are five things that make employees happy at work with trust in the leadership of the business being at the top.
The other factors that make people happy at work include having a boss that’s invested in their success, being encouraged to speak up about what they think, and give a voice to their idea. In addition to this, working in a space where they are treated like family, and benefits or perks that are specifically designed to meet the needs of staff members are ways to ensure employees are happy.
23. 22% of employees claim to have resigned from a job because of career development.
According to the same human resource statistics, 12% said they’d resigned for more work/life balance. 11% claim they left because of management behavior, 19% say they left for better pay and benefits, and 9% say they resigned for their own well-being.
24. When it comes to managing a workforce, 47% of leaders in HR claimed that employee retention and the turnover rate were a challenge in their jobs.
Keeping the best employees and lowering the turnover rate in a business is a big job and can be extremely difficult. The same people said that other challenges of their job were recruiting new talent and managing the culture of the business.
HR Trends Among Millennials
25. When asked about whether they were successful at engaging millennials in the workplace, only 4% of company HR leaders said they believed they were.
This is important as many millennials want to be engaged in the workplace in order to feel like they have a purpose within that space. Disengaged employees are less productive than engaged employees.
26. According to employee development statistics, a large percentage, 63%, of millennials claim that they think their leadership skills are not being grown and cultivated in the workplace.
This may be because only 7% of human resource leaders claim that their business has a program in place to help accelerate leadership for Generation Y. Perhaps this needs to be the focus of HR trends for the future.
27. 32% of Generation Y employees claim that their day-to-day work is being affected by their financial stress.
(HR Technology Market 2019: Disruption Ahead)
This is understandable when you realize that college graduates pay around 15% of their salary towards paying off student loans. That’s a large chunk of their income that they can’t touch.
28. 30% of millennials who left a job said they did it because they got a better offer elsewhere.
27% said they left a job because it wasn’t the right fit for their career goals. And 13% said they saw that there weren’t enough opportunities to grow their career within the company.
Human Resource Trends in Healthcare
29. The turnover rate of the average hospital has been on the rise for the past few years.
In the year 2018, hospitals had the greatest rate of turnover that they’d experienced in more than a decade. Hospitals have had an average turnover rate of 87.8% of the whole workforce since 2014.
30. Burnout is rife among healthcare practitioners, with the rate of burnout among nurses being almost 70%.
For nurse practitioners and doctors, that percentage could be 50%. These employee retention statistics show that healthcare practitioners are stressed and overworked. Changes need to be made as an industry to prevent burnout in employees.
31. The top five issues that HR deals with within the healthcare industry are recruitment, wage competition, turnover and retention, burnout, and training and development of employees.
This shows that the healthcare profession needs to focus on the HR industry trends of recruitment, fostering better relationships with staff, ensuring that employees aren’t overworked or unnecessarily stressed and that their training and development processes are properly managed.
32. The rate of employee turnover is 14.6% for registered bedside nurses.
Hospitals are losing nurses at a high rate, and they need to find a way to keep people in their positions. This turnover rate is costing hospitals a great deal of money.
What are the current trends in HR?
Current trends in HR show that automation is going to play a bigger and bigger role going forward. In addition to this, virtual and augmented reality are going to be introduced to human resources management. HR will also be focusing on improving the employee experience in order to create a happier workforce. More than this, HR is looking to play more of a guidance role in the modern workplace.
What is the industry with the most employee turnover?
The tech industry has the highest staff turnover of any industry. Following that are the retail and the media or entertainment industry.
What are some future trends and challenges for HR management?
Some of the biggest challenges facing human resource management include ensuring compliance with laws and regulations. In addition to this, they have to deal with day-to-day issues during management changes. Employee training statistics show that human resource management is also focused on leadership development and career growth. Another challenge for human resource management is figuring out how to adapt to innovation.
What industry employs the most people in the US?
The education and health industry employs by far the most people in the United States. Following that are retail, business services, and manufacturing.
At the end of the day, human resources management has to do with people within organizations and how they function. These HR statistics show what makes people stay in the jobs they work in and what makes them leave. They show interesting information regarding burnout and employee turnover. For example, the healthcare industry is suffering from both of these, and changes need to be made in order to stop the industry from losing its best people. Most of all, human resources gives us insight into employees and the workplace that we otherwise would not have.