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NEWS

10 Hiring Facts

At Staffing it is interesting to read some of the interesting stats from the recruitment industry. Whether you are a staffing agency, employer or candidate you will be surprised and facinated with the following hiring facts (Updated September 2018):

  • Many organisations use talent-management software to screen resumes that look at keywords to screen out up to 74% of applicants without ever looking at a resume or cover letter
  • The average cost of replacing a member of staff earning is $5,000 and $13,000.
  • Just as the number of job opening can increase it often will decrease at an even faster rate if an economy is slowing down. Nothing is constant so the highest salaries are secured when unemployment rates are lowest. Rememnber however lock in your job and salary at the peak as you may be looking for work when the cycle dips. With approximately 77% of available jobs never advertised you should never stop career networking.
  • Organisations spend on average 6 and 8 seconds reviewing resumes, 1 grammar or spelling mistake and your CV will be thrown away. 76% of CVs are ignored if your email address is unprofessional.
  • It was reported of the 22,000 new hires 45% of them failed within 18 months and of these, 86% left because their attitudes did not align to that of the company. Only 9% failed because of a lack of skills.
  • Companies on average look for the consider the following traits before making an offer: 31% look for multitasking skills; 29% look for initiative; 19% look for creative thinking; and 14% look for something else in the candidate.
  • Phone interviews last 34 minutes and face-to-face interviews last 60 minutes on average. In a survey of 2,000 hiring managers, 36% claimed to know whether or not they would hire someone within 10 minutes. After that, it usually takes 1 day to 9 days to hear from the recruiters with their decision.
  • On average new candidates take between 23 and 27 weeks to reach optimum productivity.
  • Other than the date, name of the contact and location, only 34% of candidates receive any information prior to an interview.
  • It is interesting to note that only 5% of unsuccessful candidates were given feedback that was moderately useful from hirers. Only 3% of candidates received valuable feedback.

Sources :


We hope that you found the article of interest. Finding well paid compliance accounting employment, risk management part-time jobs or full time finance compliance jobs does not necessary offer you a career. Choosing a job which advances your career is the bigger challenge and something which our 4 Team can help you with. Register for work here and findout if we match your profile with roles involving melbourne risk management recruit, victorian compliance accounting employment company, melbourne risk management recruitment company, victorian risk management employment company, 6137 or compliance & risk.

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