While Jobvite’s latest Recruiter Nation Survey shows that almost 40% of companies plan to hire extensively in 2017, some industries—like manufacturing—might have it harder than others when it comes to finding quality talent.
How much does your company spend on agency hires? What are your most valuable recruiting channel? How much budget have you slated for emergency situations? If you can’t answer questions like these with confidence, then you’re not alone. According to LinkedIn, about 75 percent of recruiters aren’t using data to inform their decisions. But the business world is becoming increasingly metrics driven, and recruiting is no exception. With the fight for talent more competitive than ever, it’s crucial that you use every advantage available to you — or risk getting left behind.
Today, I am excited to share recruiting industry benchmarks from Jobvite’s internal data. After analyzing Jobvite’s massive database of more than 50 million jobseekers and 10 million applications, we were able to aggregate the most common metrics that recruiters around the world use to assess their performance.
In this post, you’ll not only see the metrics, but also benchmark numbers and conversion rates – so you can compare and track your recruiting funnel health, efficiency, and performance.
The recruiting world has changed. As former HP president Carly Fiorina wisely stated, “The goal is to turn data into information, and information into insight.” New recruiting tools and technologies…