TheGoGame Blog

NEW AGE recruiting : STATISTICS THAT WILL CHANGE THE WAY YOU HIRE

Written by Go Remote | Apr 12, 2024 6:55:11 PM

Companies spend an immense amount of time and money on recruiting, and often don't get the results they were looking for.

12 recruiting statistics to change the way you hire

  • 66% of candidates want to hear more from employees.
  • Candidates are twice as likely to accept cold emails if they have interacted with your brand before.
  • It takes an average of 27 business days to make a new hire.
  • The best candidates are off the market within 10 days.
  • Average cost per hire has risen to $4,000
  • 60% of employers are very concerned with the cost of unfilled positions
  • 64% of applicants would share negative application experiences with friends and family.
  • ...and 27% would actively discourage others from applying.
  • 60% of candidates have quit a too long application process.
  • 15% of candidates with positive hiring experience put more effort into the job.
  • Over 75% of professionals are passive candidates.
  • 46% of recruiters see "recruiting becoming more like marketing".
  • Employee turnover can be reduced by 28% by investing in employer brand.

Candidates Want To Hear From Employees

In the past, companies could advertise whatever image they wanted to potential candidates, but today, candidates prefer to learn about the company by interacting with people who work there. Websites like Glassdoor and of course, social media, have changed the way companies recruit because there is so much more transparency in the process. No longer can companies hide behind marketing gimmicks and buzzwords; companies need to be much more authentic, and potentially change the way they do things.

The Truth About Recruiting with Cold Emails

No one likes getting cold emails unless they’re really well-written or from a well-known company. As a simple example, if you were to get a cold email from Google offering you a job, it’s likely that you’d open it. Right? That’s why developing your employer brand is so important. Whether it be via social media or word of mouth.

 Simple Tips For Effective Cold Emails: Be human - personalize every email and don’t be afraid to show some personality. Real people are more interesting than automated messages. You can also send a private Linkedin message, which humanizes the process even further because they can put a face to the name and browse your profile.
 

It Takes Around 27 Days To Make A New Hire

Companies realize the value in taking the time to get to know someone and the importance of having all potential candidates go through multiple steps in the interview process before making a decision. The only caveat to this is that top talent is off the market very quickly. Often, companies will overdo the process and make it longer than it needs to be.

Optimize Your Recruiting Process: There are tons of excellent software options that help to optimize the process, such as Greenhouse, used by companies like Pinterest and Evernote. Take advantage of all the great resources available.