The vicious circle of volume recruitment
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45% RECEIVE 51 - 100 APPLICATIONS PER ROLE OF RECRUITERS SAY TURNOVER DAMAGES THE MORALE OF REMAINING STAFF Recruiters are being swamped with applications for frontline roles 26% MANAGE 10,000 - 20,000 APPLICATIONS PER YEAR SO IT’S NOT SURPRISING THAT 44% SAY IT INCREASES THE PRESSURE ON LINE MANAGERS 47% ARE LIKELY TO HAVE THE RIGHT TRAITS FOR THE ROLE OF THESE ONLY 12% OF RECRUITERS ARE STRUGGLING TO FIND THE RIGHT PEOPLE 62% I N A D E Q U A T E R E C R U I T M E N T P R O C E SS W R O N G P E O P L E H I R E D M O R E S T A F F L E AV E M I S M A TC H E D E X P E C T A T I O N S O F T H E R O L E OF VOLUME RECRUITERS KNOWINGLY HIRE UNSUITABLE CANDIDATES JUST TO FILL A ROLE QUICKLY 37% The vicious circle of volume recruitment 51% OF ORGANIZATIONS USE ABILITY TESTS TO HELP SELECT THE RIGHT CANDIDATES ONLY ONLY 47% OF ORGANIZATIONS CONDUCT STRUCTURED INTERVIEWS OF RECRUITERS CLAIM THAT FRONTLINE STAFF LEAVE BECAUSE THE EXPECTATIONS THEY HAVE OF THE JOB ARE OUT OF LINE WITH REALITY 48% The problem? T H I S I S C A U S I N G S TA F F T U R N O V E R R A T E S T O R E A C H U N P R E C E D E N T E D L E V E L S 60% OF COMPANIES WITH LARGE NUMBERS OF FRONTLINE STAFF HAVE AN ANNUAL ATTRITION RATE OF MORE THAN 20 PERCENT 40% OF RECRUITERS CLAIM IT COSTS $4,900-$8,000 TO REPLACE AN EMPLOYEE £ € $ $ ¥ ¥ High turnover has a huge impact Read our whitepaper and find out how >> 2014 Hay Group. All rights reserved Data provided by Hay Group in partnership with Talent Q Improve your recruitment process and break the vicious circle IN 2018 49 MILLION MORE EMPLOYEES WILL BE HEADING OUT THE DOOR COMPARED TO 2012 – A TOTAL OF 192 MILLION EMPLOYEES WORLDWIDE AS THE GLOBAL ECONOMY RECOVERS, THIS WILL ONLY GET WORSE
Transcript of The vicious circle of volume recruitment
45%
RECEIVE 51 - 100 APPLICATIONS PER ROLE
OF RECRUITERS SAY TURNOVER DAMAGES
THE MORALE OF REMAINING STAFF
Recruiters are being swamped with applications for frontline roles
26%
MANAGE 10,000 - 20,000 APPLICATIONS PER YEAR
SO IT’S NOT SURPRISING THAT
44%SAY IT INCREASES
THE PRESSURE ON LINE MANAGERS
47%
ARE LIKELY TO HAVE THE RIGHT TRAITS FOR THE ROLE
OF THESE ONLY
12%OF RECRUITERS ARE STRUGGLING TO FIND THE RIGHT PEOPLE62%
IN
ADEQ
UATE RECRUITMENT PROCESS
WRONG PEOPLE HIRED
MORE STAFF LEAVE M
ISMATCHED EXPECTATIONS OF THE R
OLE
OF VOLUME RECRUITERS KNOWINGLY HIRE UNSUITABLE
CANDIDATES JUST TO FILL A ROLE QUICKLY
37%
The vicious circle ofvolume recruitment
51%OF ORGANIZATIONS USE ABILITY TESTS
TO HELP SELECT THE RIGHT CANDIDATES
ONLY ONLY
47%OF ORGANIZATIONS
CONDUCT STRUCTURED INTERVIEWS
OF RECRUITERS CLAIM THAT FRONTLINE STAFF LEAVE BECAUSE THE EXPECTATIONS THEY HAVEOF THE JOB ARE OUT OF LINE WITH REALITY
48%
The problem?
T
HIS I
S CAUSING STAFF TURNOVER RATES
TO REACH UNPRECEDENTED LEVELS
60%OF COMPANIES WITH LARGE NUMBERS OF FRONTLINE STAFF HAVE AN ANNUAL ATTRITION RATE OF MORE THAN 20 PERCENT
40%OF RECRUITERS CLAIM IT COSTS $4,900-$8,000 TO REPLACE AN EMPLOYEE
£
€
$
$
¥¥
High turnover has a huge impact
Read our whitepaper and �nd out how >>
2014 Hay Group. All rights reserved
Data provided by Hay Group in partnership with Talent Q
Improve your recruitment process and break the vicious circle
IN 2018 49 MILLION MORE EMPLOYEES WILL BE HEADING OUT THE DOOR COMPARED TO 2012 – A TOTAL OF 192 MILLION EMPLOYEES WORLDWIDE
AS THE GLOBAL ECONOMY RECOVERS, THIS WILL ONLY GET WORSE
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