Conclusions Drawn from Barriers to Hiring in 2017 - Recruitment Revolution

Conclusions Drawn from Barriers to Hiring in 2017

Solutions and Statistics
Each year there emerge barriers to hiring as the online recruitment industry matches pace with technology and trends that impact its processes. The high cost of recruitment in particular remains in the spotlight as the cited cost of hiring reaches into the tens of thousands for many. Today we have some recruitment statistics from 2017 and conclusions as to how they may impact both the spiralling cost of hiring and affect associated trends. 

Thanks to Devskiller for compiling these statistics. We’ve analysed a few of them below and you can view the rest of them here

Time is Money

It takes on average three interviews and six weeks to get an offer.  

The interview process has grown in regards to length and time to hire stands today at an average of 22.9 days.  

These statistics support previous years’ trends that show an increasing time to hire. A potential cost implication for this is that as the recruitment process draws on, candidates may get offers from elsewhere and not take one with your firm. This results in the hiring process starting again, with cost implications for existing staff covering the vacant position as well as the cost of reaching out to find new candidates from scratch. 

Money Still Matters

Acceptance of another offer and lower than expected pay are the two main reasons why job offers get rejected.  

86% of recruiters and 62% of employers felt that the 2016 labour market was candidate driven. 

With a candidate driven market reigning supreme, taking time with your hiring can lead to increased cost and losing out on talent. Controlling costs from the outset in a market like this as well as streamlining your process can help to mitigate the risk of offer rejection – and low cost recruitment agencies such as ours can limit what you spend advertising your post without compromising on quality.   

The Value of Online Content Sharing

The average job seeker reads at least 6 reviews in the process of forming an opinion of a company. 

People trust content shared by employees of a company more than that shared by its CEO. 

We wrote not long ago about the importance of online trust metrics in the promotion of eCommerce websites. This is something consumers are definitely looking for and it seems this is also echoed when individuals are searching out new jobs.  

The 2017 trends seem to broadly echo those observed in 2016 but with newer aspects such as online reviews becoming more important. This could be something derived from the fact we’re in such a candidate driven market and have been for some time. Through keeping time to hire down as well as cost, companies can take proactive steps to work on their reputation and culture in order to attract and retain the talent they seek.