Did you know that only 8% of candidates considered for a job in the U.S. will actually land an interview? Or that it takes 45 days on average to fill an open sales position in the U.S.? Or that 24% of hires nationally come from employee referrals?
Most companies in the U.S. track recruiting metrics like time-to-fill and source-of-hire internally, but few have a way to benchmark their performance against peers who recruit for similar functions, in similar industries, or at similarly-sized companies.
Well, today, in conjunction with all the hiring insights featured at the Talent Connectcustomer conference in Las Vegas, the LinkedIn Research Team is releasing its 2011 Recruitment Benchmark Reports, now available for free download. We interviewed more than 2,300 corporate recruiters to establish national, functional and industry averages across key hiring metrics.
Armed with these reports, hiring professionals now have baseline data to answer the questions that can help them do their jobs even better, questions like:
- How long does it take for recruiters in my industry to fill specific roles?
- How many candidates do my peers typically consider, screen and interview to get just one new hire?
- How many hires usually come from employee referrals?
Benchmarking data can often be expensive – and difficult to digest quickly. These LinkedIn reports provide a clear snapshot at baseline recruiting data that is easy to understand, and easy to apply quickly on the job. We think they’re the type of reports that recruiters post in their workspaces and keep at their fingertips.
If you’re a recruiter that is always under pressure from hiring managers to fill positions yesterday, you can now help educate them on why it takes time to fill certain roles, and you’ll have the baseline data to back you up.
Currently 15 US reports are available for download, with more to be added in coming weeks, all custom-tailored to provide data on a specific sector, company size, or job function applicable to your business. Talent Connect 2011 attendees can dig deeper into the survey data on kiosks running live benchmarking software – just visit the InLounge on Level 1.
We’re delighted to provide this data to help hiring professionals better understand their business and recognize further areas for improvement.