Fun HR Facts and Statistics

We are all aware that everyone uses the internet for both business and personal on a daily if not hourly basis. Employees and potential employees make seeing their personal life much easier in the age of the internet. These statistics are gathered from a variety of resources providing a brief synopsis of some of the relevant human resources facts and figures of the day…

These statistics from the Society of Human Resource Management, the US Bureau of  Labor Statistics and PayScale highlight some intriguing topical HR issues including pay raises, employee retention, turnover and office romance:

• The average pay raise is 4.5%, and 88% of businesses plan to give employees raises this year
• 57% of organizations view employee retention as a problem, and 22% of new hires leave their jobs within 45 days of being hired. Reasons include poor performance and temperament issues
• Fully 46% of new hires fail and are let go from their jobs within 18 months of being hired. Only 11% of these are for lack of skill, with 89% for reasons of motivation and lack of ‘coachability’
• New hires that undergo a structured on-boarding program are 58% more likely to be with the company after three years
• The costs of employee turnover range from 30% to 150% of the employee’s salary
• 54% of organizations do not have a written or verbal policy that addresses workplace romance, but the number that do, 42%, is up sharply from just 20% in 2005
• Of those organizations with a workplace romance policy, 99% ban dating between superiors and subordinates

Recruiting, Job Seeking & Resumes a plenty

The Internet also opened up career openings to a much wider audience. Knowing how to market an open position to the right audience and handle an interview is crucial. Here are some fun facts about these processes.

• In the US, there are 3 million unfilled jobs and 11.8 million unemployed workers.
• The average time spent by recruiters looking at a resume is just 5 to 7 seconds, with 76% of resumes discarded for having an unprofessional email address.
• In 2000, 22% of resumes were submitted via email or posted on the web. In 2014, over 90% of resumes were posted online or sent via email. But, only 35% of applicants are actually qualified for the jobs to which they apply.
• Applicant Tracking Software, the robots that read your resume, is able to quickly eliminate 75% of the applicants.
• 427,000 resumes are posted each week on Monster, 89% of recruiters have hired someone through LinkedIn and 8,000,000 applicants found their job on Twitter.
• 93% of recruiters are likely to look at a candidate’s social media profile – so you might not want to post those images from the last party you attended!
• While the average length of an interview is 40 minutes, 33% of 2000 surveyed bosses indicated they know within the first 90 seconds if they will hire that candidate. How? Disqualification ‘tells’ include: being too fashionable/trendy (70%), failure to make eye contact (67%), not being knowledgeable about the company (47%), lack of confidence/smile (38%), bad posture (33%), weak handshake (26%) and crossing arms over chest during interview (21%).

If you would like help with any HR services and Applicant Tracking we would be happy to answer any questions you may have.