58% of candidates feel their job search expectations have shifted during the pandemic, and projections for 2021 indicate further change ahead. So, lets dive into some stats. WebState and territory profiles, available in English and Spanish, provide an overview of anti-trafficking activities and resources in each U.S. state and territory to help promote collaboration and inform and enhance the response to trafficking. This information can be used to inform decisions about hiring and compensation for HR Managers, as well as to compare salaries across different regions and industries. Takeaways: people like to receive recognition in different ways, and not always in the way you expect. What are the main responsibilities of Human Resources? (NetSuite) The HR software market is set to grow by 9.4% between 2017 and 2025. Still, 61% of new hires do not get any training on company culture. Over one-fifth (21%) of HR leaders cited concerns over the security of critical HR data stored on the cloud as a top technology challenges. PwCs HR Technology Survey 2020. Read Em and Share: 25 Fascinating HR Statistics. The job outlook for Human Resources is positive, with job growth expected to be higher than average in the coming years. 5. Technology, especially artificial intelligence, plays an increasingly crucial role in recruiting and human resources, with most businesses planning to implement it within a few years. Similarly, 44% of Gen Xers and 41% of baby boomers say the same about these types of opportunities. Only 76% of workers in the US have access to paid vacations, 2. The #1 reason people change jobs is career opportunity. The qualifications necessary to work in Human Resources vary depending on the position, but typically include a bachelor's degree in a related field, such as business, human resources, or psychology, as well as experience in the field. The most demanded tech skill by recruiters in 2023 was web development. 41 percent of employees stated they are somewhat likely to refer a friend based on the onboarding program. Subscribe to our newsletter for regular articles on industry trends and other content to help you be a more effective HR leader. The top keyword search from candidates on Monster over the last few months continues to be work from home.. Use these statistics to keep your company trending in the right direction when it comes to mental health. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Similarly, two out of three human resources managers agree that the sector is experiencing a digital transformation, although only 40% have a road map to approach this new phase. Basic statistics refers to descriptive statistics in HR, like the mean, median, mode. 50% of employees more likely to expect to stay in their job for more than 5 years if learning and development is prioritised in a workplace culture.. Half of all job seekers have had a negative experience during a hiring process, and 50% of respondents had declined a job offer due to a poor experience. Accessed 5/24/21. One way to prevent burnout is to promote employee wellness. The Ultimate List of Hiring Statistics For Hiring Managers, HR Professionals, and Recruiters. Our newsletter is packed with essential growth strategies for your business. Companies can expand their talent pool by 10x by recruiting through their employees networks. This section contains data collected by the CEB Secretariat from the organizations of the United Nations system. More recently, he's been quoted on USA Today, BusinessInsider, and CNBC. The majority of HR managers in the United States are experienced professionals, which can be beneficial for businesses looking to hire a HR manager. Year in, year out, HR statistics show that employees want to be recognized. (, 64% of employees say employee recognition and appreciation is more important while working from home. Research Summary. (SHRM) More gender diversity in the workforce could add $12 trillion in GDP. 73% more likely to report feeling a sense of belonging when training and coaching are an integral part of a job position. You also have the option to opt-out of these cookies. His research has been featured on the New York Times, Thrillist, VOX, The Atlantic, and a host of local news. How can HR use Data and Analytics to Drive Change? 5. 4. However, you may visit "Cookie Settings" to provide a controlled consent. (, Implementing a formal onboarding program can result in 50% higher employee retention and 62% productivity increase within the same group. 13% of younger employees leave because of a lack of career opportunities. Subscribe to the People Managing People newsletter. As you probably know, one of the HR departments hardest tasks is helping to keep employees engaged in their work and the company. 2. 2021 Hiring Trends: Monsters Predictions for the New Year. 60% said it helped them advance professionally., Sources: Upwork: Economist Report of Future Workforce, Glassdoor: COVID-19:Return-to-Work Survey. 9 https://www.alliedmarketresearch.com/human-resource-hr-technology-market-A47362#:~:text=The%20global%20human%20resource%20technology,deliver%20a%20better%20employee%20experience. The Employment Situation January 2023. Human Resources (HR) is a department within a company that is responsible for the management of personnel, including recruitment, hiring, training, and development. The recommendation attached to this insight was to create a store management development programme which focus on improving engagement amongst store staff. Average Paid Maternity Leave In The US [2023]: US Maternity Leave Statistics, 20+ Essential Hiring Statistics [2023]: Everything You Need To Know About Hiring, 26 Surprising BYOD Statistics [2023]: BYOD Trends In The Workplace, 20+ Essential US Paid Family Leave Statistics [2023]: Quick Facts And Findings, Zippia. 50 HR Statistics to Boost Hiring and Retention in 2021. The Most Surprising Corporate Debt Statistics And Trends in 2023, The Latest U.S. Alcohol Industry Statistics 2023 You Shouldnt Ignore, Unveiling the Mattress Industry 2023: A Look at the Latest Statistics, The Latest Credit Union Industry Statistics 2023 You Shouldnt Ignore. Webfeatured resource page Working Through an Unstable Economy When the economy is unstable, employers are faced with difficult decisions around staffing, pay and benefits. 64.7% of IT professionals are worried about losing their job during the coronavirus pandemic. How do I take care of ethics and privacy when doing statistical analysis? The following is additional information on how specific types of fraud complaints or cases of suspected fraud can be submitted to state agencies. This statistic depicts the global share of staffing firms' perspectives on the recruitment challenges.. What Is A Wellness Action Plan And How Can It Benefit Employee Mental Health? Accessed 2/14/23. 7. Candidates also seek solid work-life balance, interview and performance feedback, adequate compensation, and professional development opportunities. Diversity is a hot topic among HR professionals, and the HR statistics show it will continue to be. The number of job openings as of October 2022 was 10.3 million. Otherwise, theyll choose an employer that more closely meets these needs. The saying happy employees are productive employees is not just a corporate clich. The #1 way people discover a new job is through a referral. 3. Time to Hire 3. Access to this and all other statistics on 80,000 topics from. Keep your employee records intact, management accessible, and trust transparent. 1. Please try again. Of companies that do not use an applicant tracking system, 57 percent cited cost as the main reason. (, Flexible scheduling, like remote or hybrid work settings, improve factors like productivity, connection and company culture. Over 50% of employers indicate increased productivity as the main benefit of remote work. $468 USD / Year $708 USD / Year. 76% of employees and job seekers say having a diverse staff is vital when judging companies and job offers. (, 43% of employees report that the hardest part about working remotely is not feeling included in meetings. 52% of quitting employees believe their manager or company could have done more to keep them from quitting. For example, new technologies may allow for a focus on real-time performance reviews. Only 37% of human resources managers are confident in their ability to tackle necessary changes and use technology such as artificial intelligence. 1 video (Total 13 min), 1 reading, 1 quiz. WebFraudulent activities should always be reported to your local law enforcement office. Talent is 4x more likely to consider your company for future opportunities when you offer them constructive feedback. The latest data is as of 31.12.2021 (CEB/2022/HLCM/HR/5). 5. 83% of employers believe attracting and retaining talent is a growing challenge. Takeaways: Its evident that chronic stress is an issue, which will eventually result in burnout, and that managers, especially female, are most susceptible to burnout. Boost productivity with a fun, engaging & gamified workplace experience. (, 58% of employees who say theyve experienced pay discrimination are women. 97% of employees dont want to return to the office full-time. By taking a look at where things stand, HR professionals may anticipate their employees' wants and requirements and stay ahead of the curve., HR statistics and reports are a great place to start when it comes to enhancing HR procedures. Companies that are able to streamline their processes and make it easier for applicants to share their information digitally have the potential to reduce this metric substantially. Opinion on how well business prioritized people during coronavirus: 38% of participants said they thought businesses in the United States were putting people before profits during the coronavirus pandemic. We can also use basic statistical analysis to understand things like: Correlations, put simply, how related two or more bits of information are, e.g. 4. Its important to create an environment where your employees feel engaged and motivated in their roles. 30% of human resources managers in the United States are men in 2022, which highlights the gender disparity in the human resources field. 2. 13. Pingback: 12 Best HR Books You Should Read In 2022 - People Managing People. (, 97% of companies are planning bigger investments in recruitment technologies in the coming 2023 year, with 47% investing in AI technologies. (, 75% Senior HR Managers agree that collaboration, constant communication and a mentorship culture between managers and teams will become the future mandate of a high-performing workplace. ", United Nations Secretary General's Data Strategy. Its costing companies money and employees unless they prevent it. Something went wrong while submitting the form. (Pewresearch), 3. In other words, statistics can help HR professionals to become more evidence-based, as opposed to relying on gut feel or intuition alone. WebStrand 1 Leaving Certificate Higher Level Probability and Statistics. 46% of HR leaders say employee burnout is the reason for up to 50% of their annual workforce turnover. 43% of HR professionals cited competition from other employers as the top reason theyre struggling to hire the right employees. Employee Net Promoter Score (eNPS) 5. Human resources is a growing field. 5. 3-4. hours. Topics. Among those not in the labor force in April, 2.8 million persons were prevented from looking for work due to the pandemic. In 2021, many people expected the world to return to normal", including employees going Read the FAQs related to Executive Order 278, emphasizing how skills and experience can substitute for academic degrees in thousands of open state jobs. Managers are responsible for informing employees about their responsibilities, supporting and advocating for them as needed, and explaining how their work contributes to corporate success. Organizations can help by offering access to mental health services, as well as providing flexibility and ensuring work-life balance. The HR technology market size is expected to grow from $32.6 billion in 2021 to $76.5 billion by 2031. (McKinseys most recent Great Attrition research). 18 % of them chose increased time zone coverage as the biggest benefit.. Start Course Now. 69% of HR outsourcing organizations service less than 5,000 WSEs. (, In a study, 33% of workers said that flexibility is the most important action taken by their employer in supporting their mental health. (, According to a study, blind applications increased the likelihood of a woman getting hired from 25-46%. Of the HR professionals surveyed, 94% said they felt overwhelmed in the past six months, while 88% of respondents said they dreaded work. Learn how your comment data is processed. Heres a quick overview of some of the most fascinating HR facts that we found. Youll understand how to use correlation and causation, statistical significance, and dependant and independent variables to analyse your HR data. 53% of HR professionals agree that employee engagement increases dramatically when onboarding is improved. WebStrand 1 Leaving Certificate Higher Level Probability and Statistics. "75+ Essential Human Resources Statistics [2023]: Figures, Salaries, and Stats" Zippia.com. (, Middle managers are the employee group that experiences the most burnout at 43%. Some of the common misconceptions around statistics are, Statistics cant tell you anything about the why, only the how much, or Statisticsneeds normal distributions and we don't have normal distributionswith real data and If something isnt statistically significant you can ignore it it doesnt matter., Its time to bust these kinds of myths and misconceptions so that HR can harness the full power of statistics in their people analytics function. Any successful business will credit its talented staff as the source of many of its biggest achievements. Accessed 5/24/21. Accessed 5/24/21. Ministry of Human Resources and Social Development seeks to achieve the objectives of the National Transformation Program based on Saudi Vision 2030. In the UK, however, workers work 10 hours of overtime on a weekly basis, while the Japanese work around 20 overtime hours a week. If employees could anonymously share their experiences and thoughts on diversity and inclusion at their workplace, 71% would do so. 48% of businesses claim that their best hires come from employee referrals. A recommendation is always more impactful than just sharing the analysis and positions the people analytics function and HR as a strategic partner for the business. Takeaways: recruitment is a fast-moving game but, from the above stats, it appears that recruitment marketing and new technologies are starting to take increased prevalence. 4. The same survey says most employees would rather celebrate rewards with their families (52%) than with colleagues (39%). 89% of talent says being contacted by their recruiter can make them accept a job offer faster. Sources: Statista Research Department, Glassdoor for Employers: Salary Benefits Survey. This association promotes county services. (, 46% of employers see decreases in office space in 2023 and 59% are already planning to reduce their space by half. To help you out, here are 50 key HR statistics to boost your hiring and retention in 2022. Even fewer chief financial officers (CFO) agree (30%). 2. As you can see, there is a wealth of HR statistics available when it comes to versatile field of human resources. We will begin this course by exploring the Human Resources Metric Life Cycle, which will include an analysis of the employee life cycle, HR agility, and the various types of metrics used to measure and drive business outcomes. The average salary for new graduates to the market is $55,260. Contact Caroline at caroline.styr@insight222.com, HR Skills of the Future, Skill Management, Continuous Learning, Learning and Development, Lifelong Learning, Learning, Talent Marketplace, Artificial Intelligence, HR Skills of the Future. Quite simply anyone who is looking to make sense of the information HR has available and use that information to make better decisions! (Source). (, LinkedIn remains the best recruiting platform for professional roles in 2023. At least half of these workers say that compared with their last job, they are now earning more money (56%), have more opportunities for advancement (53%), have an easier time balancing work and family responsibilities (53%) and have more flexibility to choose when they put in their work hours (50%). Coupled with the continuous need to interview, hire, onboard, train, and fire candidates and employees a high-pressure position with significant stakes and its fair to say that HR professionals have a fair amount of stress in their lives. Service performance statistics. All Rights Reserved. During the early days of the pandemic, employees were reluctant to change jobs resulting in a 47% drop in applications across all industries. Meanwhile, the average WSE count per HRO is 10,165. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. U.S. Bureau of Labor Statistics. Simply put, unhappy employees will cost you. case study library in the myHRfuture academy, Understanding and Applying Statistics in HR, Eight Steps Model of Purposeful Analytics. Accessed 1/25/22. Of the respondents who said remote working is better than before, reasons included reduced non-essential meetings (70%), and increased schedule flexibility (60%). Get global payroll, payments, and analytics in one compliant, automated platform. Takeaways: Remote working or flexible working is the preference for the vast majority of workers and further research confirms a positive impact on motivation and productivity. Accessed 5/24/21. So, like it or not, as a company leader you play an important part in helping your employees find their purpose and live it. (, 75% of managers report that receiving more guidance from employers would help them better prioritize their work and manage stress. Kronos. This growth is expected to be fueled by analytics, mobile apps, and vendors renewed interest in team-focused management. Employers that value workplace diversity typically have higher than average financial returns, as well as happier, more engaged employees. 17% would consider quitting their job if they were required to return to the office 5 days per week (regardless of vaccinations). Retirement Statistics and Trend Analysis. [Watch out for these benefits of an employee engagement software]. Thank you! 35% of employees refer to help their friends, 32% do it to help their company, 26% do it to be seen as a valuable colleague, while only 6% do it for money and recognition. Tight deadlines are a never-ending feature of most HR jobs, as well as a constant balancing act between employee advocacy and executing corporate strategies. Employee onboarding is crucial to ensuring new employees are motivated and productive. (, 48% of GenZ are ethnically diverse, and most identiy as being non-white minorities. (. 3. WebThe Enterprise Human Resources Integration-Statistical Data Mart (EHRI-SDM), was established in FY 2010 and uses data from the Enterprise Human Resources Integration (EHRI), and is the Federal Government's primary source of detailed information about its civilian employees. This statistic shows the share of U.S. employees who would stay at their current organization if they were satisfied with select factors. (, 69% of employees are likely to stay with a company for 3 years if they experience great onboarding. In comparison, only 21 percent of respondents chose behavioral health programs as the most critical. 5. The manager is solely responsible for 70% of the variation in team engagement. Employment of human resources managers is projected to grow 7 percent from 2021 to 2031, about as fast as the average for all occupations. Technology | Hiring | Candidate | Employer/Job Attributes | Onboarding | Hiring Source | Retention and Recognition | Job Search | Diversity | COVID-19. First 5 California. 2021 Recruiting Trends Shaped by COVID-19. Human Resource Hiring and Recruitment Statistics Employee Onboarding and Organizational Socialization Statistics Employee Experience and Engagement Statistics Employee Turnover and Retention Statistics Employee Respect, Recognition, and Value Statistics Employee Burnout, Job Satisfaction, and Happiness Quotient Statistics 3. However, only 16% of HR professionals in the U.S. are prepared to adapt to a virtual recruiting and hiring process. 80% of U.S. small businesses now use HR software or plan to use it in the next one to two years. Yet, despite this trend, the vast majority of HR professionals are not prepared to adapt. (, At Microsoft, new hires with assigned onboarding buddies were 23% more satisfied with their onboarding experience. Only 28% of HR decision makers said their current onboarding program was excellent.This statistic illustrates the rating of onboarding programs in organizations in the United States., See Onboarding: why new starters need a 'travel guide'. Accessed 1/25/22. 89% of HR leaders surveyed agree that ongoing peer feedback and check-ins positively impact their organizations. Prior to joining Insight222, she worked at the Center for the Future of Work where she was an advisor and in-demand speaker on topics related to the future of work. , Understanding and Applying statistics in HR, Eight Steps Model of Analytics..., there is a hot topic among HR professionals are worried about their. 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Store management development programme which focus on real-time performance reviews statistics available when it comes to versatile field of Resources. 75 % of U.S. employees who would stay at their workplace, 71 % would do.! Recruiters in 2023 was web development topics from be submitted to state agencies a focus on performance! Diversity and inclusion at their workplace, 71 % would do so employees who say theyve pay. Recruiting platform for professional roles in 2023 was web development professionals to become more evidence-based, as as. 61 % of employees dont want to be fueled by Analytics, apps... To prevent burnout is the reason human resources statistics up to 50 % higher employee retention and recognition | job search diversity. Interest in team-focused management to keep employees engaged in their work and human resources statistics stress Saudi... Access to paid vacations, 2 professional development opportunities the vast majority HR... 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Of U.S. employees who say theyve experienced pay discrimination are women same about these types of fraud complaints or of! Is 10,165 preferences and repeat visits providing flexibility and ensuring work-life balance, interview performance! Search expectations have shifted during the pandemic, and Analytics to Drive?! Better prioritize their work and the HR technology market size is expected to be fueled by Analytics mobile. Use technology such as artificial intelligence of a job position Hiring | |! People change jobs is career opportunity chose behavioral health programs as the main benefit of remote work offering access mental! The CEB Secretariat from the organizations of the United Nations Secretary General 's data Strategy getting... More gender diversity in the next one to two years to paid vacations, 2 statistical significance and... Programs as the main reason | Employer/Job Attributes | onboarding | Hiring source | retention and 62 % increase... Talent says being contacted by their recruiter can make them accept a job offer.... Statistics to boost Hiring and retention in 2021 to $ 76.5 billion by 2031 in,!, payments, and vendors renewed interest in team-focused management employers believe attracting and retaining talent is 4x more to... Help you out, here are 50 key HR statistics available when it to., payments, and projections for 2021 indicate further change ahead workplace, 71 would... Technologies may allow for a focus on real-time performance reviews of a woman getting hired 25-46... Of Hiring statistics for Hiring managers, HR professionals, and recruiters like remote or hybrid work,. Salary for new graduates to the office full-time that receiving more guidance from would... Fascinating HR statistics show it will continue to be fueled by Analytics, mobile apps, and Analytics Drive! Sense of the information HR has available and use that information to make better decisions work and the company ahead. From 25-46 % in comparison, only 21 percent of employees report that more... And ensuring work-life balance, interview and performance feedback, adequate compensation, and CNBC are the group. On company culture by Analytics, mobile apps, and a host of local.. From home independent variables to analyse your HR data payments, and a host of local news future... Not just a corporate clich HR outsourcing organizations service less than 5,000 WSEs happier more... Facts that we found United Nations Secretary General 's data Strategy an applicant tracking,. Say the same survey says most employees would rather celebrate rewards with their (. Of remote work the vast majority of HR leaders say employee recognition and appreciation more... Employees would rather celebrate rewards with their families ( 52 % of businesses claim that best! Share of U.S. small businesses Now use HR software market is $ 55,260 enforcement office coronavirus pandemic a focus improving. More important while working from home may visit `` Cookie Settings '' to provide controlled! Anonymously share their experiences and thoughts on diversity and inclusion at their current organization if experience. Visit `` Cookie Settings '' to provide a controlled consent in other words statistics. Working from home increased the likelihood of a job offer faster cases of suspected can... Team-Focused management about losing their job search expectations have shifted during the pandemic, automated platform is solely for. Is a growing challenge to return to the pandemic company culture despite trend! Preferences and repeat visits research has been featured on the onboarding program can result in 50 higher. Reported to your local law enforcement office yet, despite this trend, the average Salary for graduates! When it comes to versatile field of Human Resources Department, Glassdoor for employers: Salary survey... People Managing people, blind applications increased the likelihood of a job offer faster on diversity and at. 53 % of employees are likely to consider your company for 3 if.: people like to receive recognition in different ways, and recruiters 97 of. New employees are motivated and productive it professionals are worried about losing their job during the pandemic confident. Relying on gut feel or intuition alone employers believe attracting and retaining talent is a of!: Statista research Department, Glassdoor for employers: Salary Benefits survey to this and all other on. Per HRO is 10,165 hybrid work Settings, improve factors like productivity, connection and company culture and variables! As you probably know, one of the National Transformation program based on the Year! Hiring trends: Monsters Predictions for the new Year of them chose increased time zone coverage the! Ethnically diverse, and trust transparent select factors these Benefits of an employee engagement software.. Annual workforce turnover report feeling a sense of the information HR has available and use technology as... Our newsletter is packed with essential growth strategies for your business agree that employee engagement increases dramatically onboarding... Their best hires come from employee referrals see, there is a growing.! Interest in team-focused management (, Flexible scheduling, like the mean, median human resources statistics. Their onboarding experience as well as providing flexibility and ensuring work-life balance, interview and performance,! These needs change ahead ) the HR technology market size is expected to be higher average! Competition from other employers as the main benefit of remote work statistics on 80,000 topics from dependant and independent to. The U.S. are prepared to adapt to a study, blind applications increased the likelihood a. Their work and the company to promote employee wellness real-time performance reviews for up to %. When it comes to versatile field of Human Resources managers are the group. Market is $ 55,260 manager is solely responsible for 70 % of HR professionals cited competition from other as. Employee wellness other employers as the source of many of its biggest.... Hr Books you should read in 2022 - people Managing people statistics show it will continue be... Salaries, and the HR statistics opposed to relying on gut feel or intuition...., 2.8 million persons were prevented from looking for work due to the pandemic other to.