Industry leader Jobvite just released their annual recruiting benchmark report.
Overall, their YoY numbers show fewer interviews, more offers, and more candidates hired in 2017. Recruiters conducted fewer interviews to get to an offer: the number of interviews decreased while the number of offers increased.
Jobvite has three explanations for these improved conversion rates:
Fewer applicants in today’s competitive talent marketplace.
More data and tools like AI to help recruiters find and screen candidates more quickly.
Recruiters are better equipped to screen out unqualified candidates earlier so candidates who reach the interview stage are more qualified.
Let’s take a closer look at their conversion rates for 2017 below. Continue reading