Hiring has changed a lot over the past twelve months. The pandemic has opened more work from home positions, created entirely new jobs, and boosted the numbers of contingent workers. These changes have been happening alongside other major shifts in diversity and inclusion initiatives and upgrades to talent acquisition technology.
Meanwhile, the job market is tighter than it’s been in decades.
Here is a roundup of 41 must-know hiring statistics to help you stay ahead of the game.
1. The average job opening attracts 250 resumes. (Glassdoor)
2. The average time it takes to fill a given position is 42 days. (HireVue)
3. The interview process takes an average of 27.5 days. (CMD Recruitment)
4. You have an 8.3% chance of getting a job interview from a single application. (Hire Lehigh)
5. It costs a company, on average, 6 – 9 months of an employee’s salary to find a replacement. (SHRM)
6. 90% or more of companies use an Applicant Tracking System (ATS). (Zipjob)
7. Nearly 75% of resumes are rejected by an ATS resume test. (Zipjob)
8. Almost 10.7 million Americans were jobless in December 2020. (Bureau of Labor Statistics)
9. Hiring for entry-level college graduate positions fell 45% in 2020. (Burning Glass Technologies)
10. Roughly 8% of companies had planned to revoke job offers to 2020 college graduates. (National Association of Colleges and Employers)
11. A majority of managers believe that office workers are higher performers than remote workers and, in turn, are likely to give in-office workers higher salary increases than those who work from home. (Forbes)
12. 120 million workers worldwide will need to be retrained as a result of artificial intelligence and automation within the next three years. (IBM)
13. The median employee tenure is 4.1 years as of January 2020. (BLS)
14. 75% of all employers visit college career fairs. (Glassdoor)
15. Healthcare employment and social assistance jobs increased by 39,000 in December 2020. (BLS)
16. The hospitality and leisure industry lost 3.9 million jobs since the beginning of the pandemic. (BLS)
17. Roughly 75% of Americans are living paycheck-to-paycheck regardless of income. (Bankrate)
18. Companies listed about 30% more skills in job ads in 2020 than in 2017. (LinkedIn)
19. 65% of candidates say a bad interview experience makes them lose interest in the job. (LinkedIn)
20. It costs around $300 per month to advertise a single job position. (Toggl Hire)
21. It takes somewhere between 8 – 26 weeks for an employee to reach full productivity. (MIT Sloan)
22. An average company loses between 1 – 2.5% of their total revenue on getting a new hire up to speed. (HubSpot)
23. As many as 85% of jobs are filled via referral. (LinkedIn)
24. 63.3% of companies say retaining employees is harder than hiring them. (Zenefits)
25. Small business owners spend around 40% of their working hours on tasks that do not generate income, such as hiring. (Toggl Hire)
26. The cost of health benefits is expected to rise 5.3% in 2021. (Benefits Pro)
27. 68% of companies introduced at least one new wellness benefit to aid employees during the pandemic. (Gartner)
28. 32% of employers plan to expand virtual health benefits following the pandemic. (Benefits Pro)
29. Employers cover nearly 70% of benefit costs while employees bear 30%. (Benefits Pro)
30. 61% of employers offered tuition reimbursement in 2016. (SHRM)
31. 66% of employees participated in a 401(k) or similar plan if offered. (SHRM)
32. 6% was the average max 401(k) employer match. (SHRM)
33. Nearly 2 million U.S. workers report having been a victim of violence at work (OSHA)
34. Of the 5,147 fatal workplace injuries that occurred in the U.S. in 2017, 458 were cases of intentional injury by another person. (U.S. Bureau of Labor Statistics Census of Fatal Occupational Injuries)
35. In 2017, the rate of work-related injuries treated in emergency departments for workers, ages 15–19, was 1.25 times greater than the rate for workers 25 years of age and older. (CDC)
36. In 2018, 360 workers under the age of 24 died from work-related injuries. (BLS)
37. 41 CEO positions (8.2%) in America’s 500 biggest companies were held by women in the first quarter of 2021. (NBC News)
38. Firms with female CEOs saw a 20% increase in stock price momentum and a 6% increase in profitability within two years. (S&P Global)
39. Cognitive diversity can enhance team innovation by up to 20%. (Deloitte)
40. There are approximately 6.5 million people in the U.S. with autism, intellectual, and/or developmental differences. (Working Nation)
41. 75% of employees think more diversity is needed. (McKinsey)
One of our core values at EBI is to actively seek to learn, grow, and share knowledge with others. Understanding that pandemic brain is all too real for many of us, it’s our goal to make learning important information about talent acquisition easy and digestible no matter what your role is in the hiring process.
We’ve made every effort to ensure these statistics are as up-to-date as possible, but we also understand the hiring landscape is changing rapidly in our economy and that new data is released all the time.
Wherever you are in your hiring journey, we wish you all the best.
To see how things have changed since our 2017 hiring statistics post, click here.
Writer. Digital marketer. Storyteller. An award-winning writer and editor, Tricia O'Connor is the Marketing Content Manager at EBI. Tricia worked as a broadcast and print journalist for nearly two decades writing and producing programming for high-profile networks like ESPN Radio, History Channel, and Hallmark Channel, as well as contributing editorial work to publications nationwide. Tricia joined the EBI marketing team in 2019 and is responsible for content strategy, development, and engagement. Tricia earned a master's degree in journalism from the Medill School of Journalism at Northwestern University and is a proud undergraduate alumna of Wheaton College in Massachusetts.