*For the most up to date recruitment stats please check out our Recruitment Stats 2020 article on over on Psycruit.com.
As the world becomes more data driven it’s important for recruiters to keep abreast of what’s happening in the industry.
We’ve curated some key industry stats that will help highlight the top recruitment trends going into 2018 and beyond:
- In the UK, the recruitment industry saw a total revenue of £32.2 billion in 2017 (http://www.sonovate.com/blog/uk-recruitment-industry-growing-rapidly/)
- Only 10% of employees in Western Europe are engaged at work; by comparison, the figure among US employees is more than three times as high at 33%. (Gallup, ‘State of the Global Workplace 2017’).
- One study, which analysed reasons for leaving jobs, has shown that up to 75% of those leaving could of been prevented. (Work Institute, 2017 Employee Retention Report).
- 4.2 years – the average time a person stays in a job. On average, a person changes jobs 10 to 15 times during his or her career. (The Balance, ‘How often do people change jobs?’).
- 58% of candidates who had a negative experience with a company’s recruitment process said they would not apply again in the future. (IBM, The Far-Reaching Impact of Candidate Experience, 2017)
- People who enjoy the candidate experiences are 38% more likely to accept a job offer. (IBM, The Far-Reaching Impact of Candidate Experience, 2017)
- Less than 50% of businesses have embraced People Company traits with less than 40% saying they’re focused on creating great experiences for their workforce (Sage People, ‘Becoming a People Company – the way to unlock fast track growth’).
- Only 36% of organisations say that they regularly monitor employee engagement. (Sage People, ‘Becoming a People Company – the way to unlock fast track growth’).
- Just over a third of businesses (37%) admit to having integrated their recruitment and on-boarding process. (Sage People, ‘Becoming a People Company – the way to unlock fast track growth’).
- 41% of recruitment agencies say that candidate acquisition is their top priority (https://www.bullhorn.com/uk/blog/2018/01/top-recruitment-trends-2018/)
If you’re in the 63% of organisations who don’t have an integrated onboarding and recruitment process, then our psychometric assessments can help you along the way. You could use personality questionnaires as part of the recruitment process to assess a candidate’s fit to your company and their values. Then, once a candidate has been hired, the same personality profile can be brought together into an onboarding report.
This gives your business tailored information about each new recruit, based on their personality at work, allowing you to provide adaptable inductions that fit their specific needs. This information is invaluable when easing in new hires as well as ensuring existing employees remain engaged are motivated to stay in their position.
If you have any questions then please contact us for more information.
*For the most up to date recruitment stats please check out our Recruitment Stats 2020 article on over on Psycruit.com.
**To see recruitment stat for 2019 please visit our other post on the Key Recruitment Stats & Trends for 2019
Sources:
https://www.sagepeople.com/about-us/news-hub/17-essential-hr-industry-stats-for-recruiters/
http://www.sonovate.com/blog/uk-recruitment-industry-growing-rapidly/
https://www.bullhorn.com/uk/blog/2018/01/top-recruitment-trends-2018/
https://www.icims.co.uk/hiring-insights/for-employers/article-top-recruiting-statistics-for-2018
Published by Issy Hunter
