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 May 2021):

• On average there will be between 59 and 90 applicants for advertised jobs. Generally between 4% and 11% of these applicants get an interview.
• 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 83% of available jobs never advertised you should never stop career networking.
• The average cost of replacing a member of staff earning is $6,000 and $10,000.
• Organisations spend on average 6 and 7 seconds reviewing resumes, 1 grammar or spelling mistake and your CV will be thrown away. 71% of CVs are ignored if your email address is unprofessional.
• It was reported of the 24,000 new hires 48% of them failed within 19 months and of these, 90% left because their attitudes did not align to that of the operation. Only 12% failed because of a lack of skills.
• companies report that 1 in 22 job offers (around 5%) are rejected by their first choice of candidate. Usually because they have received another offer, however often for many other reasons.
• Phone interviews last 32 minutes and face-to-face interviews last 45 minutes on average. In a survey of 2,000 hiring managers, 35% claimed to know whether or not they would hire someone within 10 minutes. After that, it usually takes 2 day to 10 days to hear from the recruiters with their decision.
• On average new candidates take between 24 and 29 weeks to reach optimum productivity.
• It is interesting to note that only 7% of unsuccessful candidates were given feedback that was moderately useful from hirers. Only 2% of candidates received valuable feedback.
• Other than the date, name of the contact and location, only 40% of candidates receive any information prior to an interview.

Sources :

• The Telegraph
• The Economist
• Hiring for Attitude by Mark Murph
• American Staffing Association
• the ABC

We hope this article was of interest and that it can assist you in your career, whether it be Accounts Payable Clerk, Finance Officer or Debt Collector. At Staffing we have compiled a range of articles and online resources to help you find that perfect job! If you are seeking a new job, why not start by click on the Register for Work button, upload your resume and we will match you against our jobs database of up to 168,000 roles in Australia. If you are an enterprise seeking employment services then call Staffing or click on the Get A Quote button to source some fantastic candidates, including many with Accounts Payable Clerk or Finance Officer experience. We look forward to continuing to improving our expertise, experience and talent matching capability no matter what recruiting service you are seeking from one of the top 9 employment agency in Australia. With a wide range of recruiting services we look forward to assisting you, whether you were referred to us or searched for our temp finance admin executive recruitment company 100, australia, staffing, staffing or hire temp finance admin worker online.