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
Bullhorn recently published their 2018 North American Staffing & Recruiting Trends Report, a survey of more than 1400 staffing professionals.
Compared to 2017, the majority of staffing professionals – 67% – are less confident about the future. This is likely due to the tension between the potential opportunities presented to staffing agencies vs. the challenges they face in 2018.
I’ve highlighted some important findings on recruiters’ priorities for 2018 from Bullhorn’s report below.
Increases in hiring and operating budgets
Whether internal or external, recruiters are experiencing the same challenges from the tighter labor market.
While 70% anticipate an increase in hiring needs, 64% of staffing pros say their top challenge is the talent shortage. Continue reading
Jobvite recently published their 2017 Recruiting Funnel Benchmark Report, an analysis of data from over 50,000 posted job listings, 15 million job applications, and 69 million job seekers.
Phew! That’s a lot of data.
Having an accurate grasp of your recruiting metrics is important for optimizing your processes and showing the business value of your recruiting activities.
An important aspect of assessing metrics is knowing where you stand compared to industry benchmarks.
Here are the stats from Jobvite’s 18-page report I thought were the most insightful. How does your recruiting process compare?
Applicants per open req
The number of applicants per open req is going to vary greatly depending on the size of your organization, the industry, and the role. Continue reading