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How To Recruit And Retain Talent

  1. Job openings increased to 6.0 million April 2016.

  2. Approximately 80% of available jobs are never advertised.

  3. On average, the number of people who apply for any given job is 118. Only 20% of these applicants get an interview.

  4. The average cost of replacing a member of staff earning £25,000 a year or more is £30,614.

  5. Many companies use talent-management software to screen resumes, ‘weeding out’ (their words not ours) up to 50% of applications before anyone ever looks at a resume or cover letter.

  6. The average time spent looking at a CV is 5-7 seconds, 1 spelling or grammar mistake and your CV will be thrown away. 76% of CVs are ignored if your email address is unprofessional.

  7. Only 38.2% of candidates receive any information prior to their actual interview, other than the date and location.

  8. On average, interviews last 40 minutes (phone interviews 30 minutes), however in a survey of 2,000 hiring managers, 33% claimed to know whether or not they would hire someone within 90 seconds. After that, it usually takes 24 hours to two weeks to hear from the company with their decision.

  9. What employees look for before making an offer: 36% look for multitasking skills; 31% look for initiative; 21% look for creative thinking; and 12% look for something else in the candidate.

  10. We can’t stress enough the importance of feedback but results from the candidate experience awards showed that a mere 5.5% of unsuccessful candidates were given feedback that they found even moderately useful from employers; of that, only 2.6% of candidates received “specific and valuable feedback.” Those were the lucky ones, as 55.9% reported not receiving any feedback at all in the first place. Another 20% of those that did were provided “general or limited feedback.”

  11. More than half (56%) of all employers reported that a candidate rejected their job offer in 2012.

  12. On average, new employees in SMEs take 24 weeks to reach optimum productivity, compared to 28 weeks for large firms with over 250 workers. 

  13. In Mark Murphy's 'Hire for Attitude' report, he states that of the 20,000 new hires 46% of them failed within 18 months and of these, 89% left because their attitudes did not align to that of the company. Only 11% failed because of a lack of skills.

  14. 56% of candidates who felt they had a positive hiring process experience said they would seek employment with the company again in the future, 37% would tell others to apply there, and 23% would be more likely to purchase products or services from that company. - Colling Wood 

Now you know the statists on recruitment, how can businesses actually RETAIN the talent they have effectively? Are you a business who've successfully recruited and retained talent consistently? We'd like to hear from you, join our twitter discussion.


Kim Dalton from Surrey-based Ward Ward Williams HR touched in on recruiting and retaining talent, enjoy this podcast

Let's Talk: How To Recruit And Retain Talent Effectively

Biz spoke to Kim Dalton from Ward Williams HR on retaining and recruiting talent, a HR challenge in 2018.