Hiring statistics are vital for any recruiter. No, it’s to not discover the reply to the hoary query: “What number of job candidates does it take to vary a light-weight bulb?” In reality, it’s to remain up to date with the job market that’s always evolving with new applied sciences, financial situations, and social traits.
Recruitment statistics present beneficial insights into the job and labor markets. It helps recruiters keep away from pricey errors, refine the hiring course of, and discover the fitting expertise pool for his or her workforce. In any case, you don’t need to find yourself with a quantum astrophysicist when you really want a advertising specialist.
Whether or not you’re seeking to rent gifted digital assistants or various candidates for software program growth, this information is for you. On this article, we’ll discover 71 hiring statistics that can sweep you off your toes and can show you how to higher perceive the US job and labor markets.
By the top of this 8-minute information, you should have the fitting details about the present state of the US job market in addition to sensible insights into the right way to optimize your hiring course of, enhance productiveness, and retain prime expertise.
Listed below are our prime 3 picks for one of the best hiring statistics:
Let’s take an in depth have a look at the 71 most attention-grabbing hiring statistics to realize a greater understanding of the US job market and enhance your hiring technique.
Listed below are some stats that provides you with an thought concerning the present scenario of the US job and labor market.
As of March 2023, the unemployment charge in america was 3.5% which is identical because the pre-pandemic charge in February 2020.
In Feb 2023, there have been 9.9 million job openings in america which is the bottom since Could 2021.
The labor pressure participation charge was 62.6% in March 2023. That is nonetheless decrease than the pre-pandemic charge of 63.3% in February 2020.
In March 2023, the typical hourly earnings for all staff on non-public nonfarm payrolls was $33.18 which is a rise of 5.5% from a yr earlier.
In March 2023, 18.9% of the unemployed had been out of labor for 27 weeks or longer.
In March 2023, the US economic system added 236,000 jobs as hiring slows down.
Let’s focus on some stats concerning the second most sought-after occupation within the US.
The freelance digital assistant business is predicted to develop to $4.12 billion by 2026 at a CAGR of 11.8%.
Hiring a digital assistant can save companies as much as 78% on working prices.
As per the reviews, 75% of digital assistants have a university diploma and 38% maintain a graduate diploma.
Greater than 80% of small enterprise house owners stated that hiring a digital assistant has helped of their enterprise development.
In accordance with reviews, digital assistants can enhance a enterprise’s productiveness by 30%.
As of 2023, the most well-liked digital assistant platforms within the US have been Zirtual, MyOutDesk, and Boldly.
It’s no marvel Zirtual has been ranked as one of the best place to rent digital assistants. At Zirtual, we solely rent faculty graduates so that you simply work with individuals who have already gone via the trials of upper training. It produces a extra devoted, detail-oriented, and motivated digital help workforce.
But it surely’s not simply the standard of the expertise that units us aside – it’s the vetting course of. We at Zirtual are recognized for having one of many most rigorous vetting processes within the business. Our digital assistants are dependable, reliable, and able to dealing with any process.
Zirtual invests closely within the ongoing coaching and growth of its digital assistants to make sure that they’re able to doing rather more than simply fundamental administrative duties. They’ll show you how to with extra complicated duties that require specialised data or expertise – and that may translate to massive earnings for your enterprise.
Listed below are some range and inclusion statistics that supply beneficial insights into the present state of hiring within the US.
General unemployment charge for people who determine as Black or African American was 9.2% in comparison with 3.2% for people who determine as White.
The US unemployment charge for people who determine as Hispanic or Latino was 6.8% as in comparison with 3.2% for people who determine as White.
The unemployment charge for folks with disabilities was 7.6% as in comparison with 3.5% for people with out disabilities.
Job candidates with “Black-sounding” names are 50% much less prone to obtain a callback from employers than candidates with “White-sounding” names.
The US unemployment charge for people who determine as Asian was 3.1% in comparison with 3.2% for individuals who determine as White.
A research discovered that 46% of LGBTQ staff within the US are closeted at work.
Transgender staff within the US face excessive charges of discrimination and harassment within the office with as much as 90% of transgender staff experiencing mistreatment from their employers, resembling being fired, denied a promotion, or harassed on the job.
A number of the vital statistics on the demographics of the US job and labor market embrace:
Ladies make up 46.6% of the US labor pressure whereas males make up 53.2%. Nevertheless, girls proceed to face a gender pay hole, incomes 82 cents for each greenback earned by males.
The labor pressure participation charge of staff aged 16 to 24 years previous is 55.5%, whereas staff aged 25 to 54 years previous have a participation charge of 81.6%. Employees aged 55 years and over have a participation charge of 38.4%.
Roughly one-fourth of the US labor pressure has a bachelor’s diploma or larger whereas 14.9% had some faculty or affiliate’s diploma. Roughly 27.9% of staff had a highschool diploma or much less.
The labor pressure is concentrated in city areas with about 87% of staff dwelling in metropolitan areas. The labor pressure participation charge varies by area – the South has the very best charge at 62.5%, adopted by the Midwest at 61.5%, the Northeast at 59.5%, and the West at 59.2%.
Roughly 71.2% of ladies with kids beneath the age of 18 participated within the labor pressure whereas the participation charge for males with kids beneath 18 was 93.3%. Moreover, the labor pressure participation charge for single moms was 75% in comparison with 90% for married fathers.
Listed below are some worker turnover-related statistics.
The common general worker turnover charge within the US was 9.3% in 2022.
The highest turnover charges have been within the skilled companies and tech & media industries at 13.4% and 12.9% respectively.
The price of changing an worker can vary from 16% of their wage for low-paying jobs to 213% for extremely specialised positions.
The common tenure of staff within the US for 2022 was 4.1 years which was down from 4.3 years.
Millennials have the very best turnover charge of any era with a mean of 21% leaving their jobs inside a yr.
The highest causes for worker turnover are lack of:
These worker retention statistics will show you how to develop efficient methods to maintain your staff engaged and dedicated.
A ballot discovered that solely 32% of US staff have been engaged of their jobs, which means they have been emotionally invested in and dedicated to their work and office.
76% of staff would think about leaving their present job for a greater alternative even when they’re passive job seekers.
If supplied with versatile work preparations, 81% of staff acknowledged that they’d show higher loyalty to their employer.
Corporations with a robust employer model are in a position to cut back their turnover charges by as a lot as 28%.
47% of HR professionals reported that their group had problem retaining high-performing staff.
With distant work on the rise, these statistics are value paying attention to.
41.9% of the US labor pressure was working from house full-time, up from simply 9% in 2019.
The variety of distant job postings elevated by 457% from 2020 to 2023.
74% of staff say they’d give up their job in the event that they couldn’t proceed working remotely a minimum of a part of the time.
83% of employers say that distant work has been profitable for his or her firm.
48% of distant staff are aged 18-34 whereas simply 30% are aged 35-54.
The common distant employee saved $5,240 per yr on issues like transportation, meals, and dry cleansing.
67% of distant staff say they’ve a greater work-life steadiness than they did when working in a conventional workplace.
40% of distant staff say that the capability to work remotely is extra vital to them than wage.
Nearly all of distant staff (56%) say they’re much less prone to take sick days.
Ladies are extra probably than males to say they like working from house (52% vs. 44%).
Let’s check out some key statistics associated to worker compensation and advantages.
The wage development within the US was 4.2% year-over-year as of 2022, the quickest tempo since 2008.
The common base wage for digital assistants is roughly $24.25 per hour.
The median base wage for software program engineers within the US is $109,000 per yr.
The common employer contribution to a 401(okay) plan within the US is 4.5% of an worker’s wage.
The common annual price of medical health insurance premiums for a household within the US was $22,221.
The common paid day without work for US staff after one yr of service is 11 days.
Within the US, 17% of employers provide scholar mortgage reimbursement help to their staff.
The common bonus payout within the US is 11% of an worker’s wage.
The typical whole compensation (together with advantages) for personal business staff was $34.39 per hour.
76% of US non-public employers provided paid trip time to full-time staff.
The price of employer-provided medical health insurance for US staff has elevated by 61% over the previous decade.
Listed below are some statistics on the newest recruiting traits.
72% of recruiting leaders within the US agree that employer branding considerably impacts hiring.
Worker referrals account for 30% of all hires within the US.
76% of lively job seekers say {that a} various workforce is a necessary issue when contemplating job alternatives.
84% of organizations use social media for recruiting and 9 out of 10 recruiters have employed somebody via LinkedIn.
60% of job seekers have give up an software course of as a result of it was too lengthy or difficult.
69% of employers within the US report problem filling jobs as a result of expertise scarcity.
Let’s check out how expertise has affected the US job and labor market.
A 25% development in demand for software program builders is projected from 2021 to 2031 which is far quicker than the typical for all occupations.
A survey discovered that 92% of executives reported investing in digital transformation over the previous yr.
65. Impression Of Automation On Jobs
It’s estimated that round 25% of US jobs are at a excessive threat of being automated with lower-wage jobs being essentially the most susceptible.
66. Significance Of Upskilling
A survey discovered that 77% of CEOs within the US think about upskilling their workforce as their prime precedence for closing the talents hole of their group.
67. Position Of AI In Hiring
66% of CEOs imagine that AI will drive important worth in HR over the following few years, together with improved hiring choices.
68. Video Interviewing
67% of job seekers have participated in a video interview and 86% of recruiters use video interviews to evaluate job candidates.
69. Applicant Monitoring Methods (ATS)
75% of recruiters and hiring managers use applicant monitoring software program to streamline their recruitment course of.
70. On-line Assessments
In accordance with a research, 71% of employers use on-line assessments to display screen job candidates with cognitive capability exams being essentially the most generally used.
71. Digital Job Festivals
The variety of digital job gala’s elevated by 300% in 2023 as extra firms appeared for tactics to attach with job seekers remotely.
It’s time that recruiters and hiring managers acknowledge that the job market is continually evolving. They need to profit from these hiring statistics to be proactive of their method to attracting and retaining expert candidates. All issues apart, employers must deal with making a constructive firm tradition because it considerably impacts job provides, worker retention, and general productiveness.
Additionally, passive expertise is a beneficial useful resource that employers ought to think about. A big proportion of potential candidates will not be actively into job looking however they is perhaps open to contemplating a brand new job provide if the fitting alternative arises.
Zirtual’s digital assistants can make a giant distinction to your hiring endeavors. With our workforce of highly-skilled digital assistants, we may help streamline your recruitment course of by dealing with administrative duties, scheduling interviews, and sourcing potential candidates from a spread of job boards and platforms.
Our digital assistants just remember to don’t miss out on beneficial assets within the job market by reaching out to candidates on social media, constructing relationships, and selling your organization’s model and tradition. E book a session with us at this time and really feel the Zirtual distinction.
US Bureau of Labor Statistics Supply 1
US Bureau of Labor Statistics Supply 2
US Bureau of Labor Statistics Supply 3
Society For Human Useful resource Administration Supply 1
Society For Human Useful resource Administration Supply 2
