Hiring trends to be aware of in the US

Hiring Trends

As hiring volumes increase and the field continues to evolve, HR managers in the United States face unique challenges. Currently, HR technologies and strategies are being employed that will alter the industry, and as hiring volume is expected to increase almost 60% in 2017, it is crucial that professionals be at the forefront of hiring trends.

EBI looked 60 hiring statistics that use metrics to demonstrate where the industry is headed.

Some important takeaways include:

There will be more room at the top as retirement booms

Baby boomers are heading to retirement age and statistics indicate that their turnover will create a large number of vacant upper level positions. In 2017, 3.6 million high level executives are expected to retire. This means there are more opportunities for promotions and turnover, ultimately leading to more work for HR professionals. In total, around 9.8 million jobs are projected to be created in the U.S. by 2024 according to the BLS. However, not all of these are due to turnover. 63% of job openings will be created because of the development of new positions.

Reputation is more important than ever

With sites like Glassdoor, where employees can rate company culture, reputation has become more and more important for HR representatives to take into consideration when looking for ideal candidates.  69% of job-seekers admit that they will not accept a job if a company has a poor reputation.

A recommendation is crucial like never before

It is said that: “It’s not what you know, it is who you know” and the statistics have demonstrated this to be more true today than ever. Close to 50% of companies now say their quality hires come from employee referrals. Still, job sites and boards are important. 32.1% of job seekers use career sites and 43% use job boards to find work, meaning there are a number of potential candidates to discover when using these resources correctly.

Applications need to be more user friendly

The days of weeding out the “wrong” candidates with complex application processes are over. In particular, Millennials expect applications to make intuitive sense and not to waste their time. To make sure you are reaching the right people, the trend is toward streamlined and intuitive applications.  Recent data show that if any part of the application process is too long, potentially quality job candidates will abandon their application.

Small businesses are having greater trouble filling positions

Because hiring can be a costly proposition and promoting a listing on job boards and sites can be time-consuming, large companies are effectively eclipsing small organizations when it comes to hiring. When surveyed, 85% of small businesses say they found no qualified applicants for open positions they listed. Over 60% have reported making a wrong hire due to a dearth of acceptable candidates. Resources are available to help small companies make quality hires that are inexpensive (or even free).

The rest of the facts here show further indications of how HR professionals in the US should recognize compelling trend data:

The HR Trend Institute can support you in several ways. Read more on our Services page.

This website uses cookies to give you the best possible user experience.
Agree to this by clicking accept.

Cookie settings

Below you can choose which kind of cookies you allow on this website. Click on the "Save cookie settings" button to apply your choice.

FunctionalOur website uses functional cookies. These cookies are necessary to let our website work.

AnalyticalOur website uses analytical cookies to make it possible to analyze our website and optimize for the purpose of a.o. the usability.

Social mediaOur website places social media cookies to show you 3rd party content like YouTube and FaceBook. These cookies may track your personal data.

AdvertisingOur website places advertising cookies to show you 3rd party advertisements based on your interests. These cookies may track your personal data.

OtherOur website places 3rd party cookies from other 3rd party services which aren't Analytical, Social media or Advertising.