The more you know about job search, the more chances you have for success. As such you need to make the most of it. Check out these stats to help you out.
The job market is highly competitive. For a single job opening, there are hundreds of candidates applying for a position and impatiently waiting to get an answer from employers. But, those who manage to stand out are the candidates who get the golden ticket and make it to the interview. How can you get it?
Learning how to be more effective in your job search is crucial. You need to find out what other candidates are doing to get the recruiters’ attention. The best way to do this is to keep an eye on the current hiring trends. This will help you understand what employers are after and how they are used to making new hires. Check out these useful statistics to plan your job search more effectively.
1. On average, every job posting attracts 250 resumes, but only four to six people are being called in for an interview.
What does this mean? Each job opening attracts hundreds of applicants, though only one gets the job. Research shows that only 2 percent of applicants actually get interviews, which means that the other 98 percent are considered to be unqualified for the role.
2. It takes an average of 52 days to fill an open position, up from 48 days in 2011
What does this mean? It can take a long time to get notified about your application process. Even if you don’t get any information in a month and a half, your resume is more likely to remain in a recruiter’s database and used at a later date or another position.
3. There are five things job seekers need to take into account before accepting a job offer: 1) salary and compensation, 2) career growth, 3) work-life balance, 4) location/commute and 5) company culture.
What does this mean? 51 percent of employees are considering changing jobs which means that most people don’t spend enough time deciding whether a job is a good fit for them or not. Before you go ahead and commit to a job, you have to think about these five factors to ensure job satisfaction.
4. More than half (52 percent) of recruiters said passive candidate sourcing has been less effective for their company.
What does this mean? While passive candidates represent an on-going source of talent, reaching out to them is not always cost or time-efficient for employers. Passive candidates aren’t easily convinced that they should leave their current job for another, and this makes it harder for recruiters to approach them.
5. LinkedIn is a recruiter’s number 1 social network with over 93 percent of companies using the platform.
What does this mean? If you aren’t a LinkedIn member yet, it’s time to start making the most of the site and create a powerful LinkedIn profile that will increase your chances of getting noticed.
6. Almost 80 percent of jobseekers are using social media in their job search.
What does this mean? You can search for jobs anytime at any place. In fact, research found that 41 percent of people look for jobs while they are in bed, and 18 percent of people look for jobs while in the loo!
7. About 45 percent of jobseekers are using their mobile devices to search for jobs at least once every day.
What does this mean? Proactive jobseekers don’t want to miss out on job opportunities, and many have a number of accounts on different career sites and job boards. Job email alerts are in fashion now, so whenever a new job post comes out, they are the first to know.
8. Almost 70 percent of jobseekers would not take a job with a company that has a bad reputation – even if unemployed.
What does this mean? Companies should invest in their own branding strategy, engage in social media and build a good reputation for their organisation. Just like jobseekers, employers should try to stand out from the crowd and make candidates prefer them over others.
9. Over 78 percent of jobseekers say that rating and reviews from insiders is influential when deciding where to work.
What does this mean? Employee’s opinions are ones that jobseekers value the most. That’s because they are in the know, and can give you the most honest answers about what it is like working for a company. This is also how referrals work. You tell someone you know that you want a job at the company, and if the organisation’s profile fits your requirements, you go ahead with the recommendation.
10. About 61 percent of employees say new job realities differ from expectations set during the interview process.
What does this mean? What does this mean? During the interview, you get your only chance to ask employers whatever you want, and you should make the most of it. Researching the company is one thing, but getting information from the source is quite another. Prepare some good questions to ask interviewers and carefully listen to what they have to say. Their answers can help you find out what they really want for their company and how far they would expect you to go to produce results.
11. Almost half (48 percent) of small businesses report there are few or no qualified applicants for the positions they are trying to fill.
What does this mean? This highlights the mismatch between the employer’s job demands and current skills of jobseekers. Perhaps jobseekers aren’t able to promote themselves the right way even though they are qualified for the position. Personal branding can help you position yourself in the best possible light.
12. About 64 percent of Millennials would rather make $40K a year at a job they love than $100K a year at a job they think is boring.
What does this mean? Millennials understand the importance of being happy in a job, and they wouldn’t sacrifice that for a bigger salary. For the majority, it looks like company culture is more important than compensation.
13. One out of three employers who research candidates on social media find content that makes hiring more likely.
What does this mean? Social media has become an important part of the hiring process, whether you like it or not. Employers are going to search for you online, and this means you have to make sure your profile is as professional as possible.
14. About 67 percent of active and passive job seekers say that when they are evaluating companies and job offers, it is important to them that the company has a diverse workforce.
What does this mean? Jobseekers want to feel that they are welcome in a company despite their cultural differences. Businesses that have policies that safeguard the rights of people coming from diverse backgrounds usually get more respect and are preferred by jobseekers. Choosing an employer who can give you what you need is vital.
15. There are five critical pieces of information job seekers want employers to provide when researching employers: 1) details on compensation packages, 2) details on benefits packages, 3) basic company information, 4) details on what makes the company an attractive place to work, 5) company mission, vision and values.
What does this mean? Job hunting is no longer what it used to be. If you don’t know a company and what it does, you need to learn as much information as you can about every employer. Research is a crucial stage of your job search strategy and these five factors can give you an idea of what the role at a company involves and whether you are going to like it or not.
Looking for a job will take a lot of time and effort, but it’s worth it. As statistics show, it’s important to research the company before applying for a position, to do your best to stand out from the competition and use social media effectively. Also, taking your time to decide whether you should take the job offer is a key factor to your long-term career happiness.
Were you aware of these facts? Are there any more you would like to share with us? Please do so in the comments section below…