As HR becomes more data-driven, it’s important for human resources practitioners to look beyond their internal hiring and employee performance data. Our annual review of top HR and recruiting statistics includes survey data from both employers and job seekers on the essential topics of recruiting and retention.
In order to retain employees in an era of shortening job tenure, employers are turning to internal initiatives, benefits, and perks to ensure they remain competitive. This year we took a close look at diversity and inclusion, parental leave, paid time off, and wellness initiatives — all factors that can make a difference in the lives of employees and improve profits.
This report combines research from industry leaders such as Deloitte and SHRM with our own surveys and economic research, providing you with a comprehensive look at today’s HR landscape that you’ll get nowhere else. We hope these stats spur you on to actions that benefit your company’s recruiting efforts and employee well-being.
Attracting, screening, and hiring the right candidates is no easy feat. Quality candidates who are informed about important aspects of working at your organisation are more likely to get hired. What’s more, once an informed candidate becomes an employee, they’re more likely to last and be productive and engaged. In 2017, Glassdoor dug deep into recruiter’s concerns with a survey of 750 hiring decision makers. Some of those results are included here.
In an increasingly tight labour market, employers are looking at ways to retain current employees. Time-proven retention strategies include creating a great culture, offering development opportunities and clear pathways to promotions, along with market-competitive raises. This year, Glassdoor Economic Research analysed more than 5,000 job transitions listed on CVs shared anonymously on Glassdoor in order to better understand which factors contribute to an employee changing jobs. Here are some research highlights:
Creating a diverse and inclusive work environment is essential in order to compete for top talent amidst changing demographics. These statistics point to the business benefits of diversity and illustrate how the working population is changing in terms of gender, age, race, and ethnicity.
Increased attention to gender issues in the workplace along with more varied gender roles at home has led many companies to reconsider parental leave policies. In the UK, all employers are legally required to offer paid maternity and paternity leave that meets the government’s statutory minimums. Out of the EU countries, the UK offers the longest maternity leave of 52 weeks (one year).
Paid Time Off
The always-on nature of work has contributed to a decline in annual leave usage. Unused holiday time not only hurts the economy due to lower holiday spending, but it also perpetuates a culture of burnout, ultimately reducing employee productivity. The antidote to this is for employers to create a competitive annual leave policy and also a work culture that encourages and supports time off.
Healthy and happy employees are the backbones of any business. Employers that encourage wellness through a range of health, fitness, nutrition and stress-management offerings create a culture that encourages productivity and reduces health care costs. Not only that, wellness programmes can serve to engage employees and attract candidates.
Glassdoor holds a growing database of millions of company reviews, CEO approval ratings, salary reports, interview reviews and questions, benefits reviews, office photos and more. Unlike other jobs sites, all of this information is entirely shared by those who know a company best — the employees. Add to that millions of the latest jobs — no other site allows you to see who’s hiring, what it’s really like to work or interview there according to employees, and how much you could earn. Glassdoor is a place where candidates become more informed. These stats illuminate the size and scope of Glassdoor among job seekers and employers.
In the changing landscape of recruiting and HR, it’s critical to keep one eye on your own internal data and the other on the trends shaping the industry at large. Doing so will help you better understand the concerns and behaviours of employers and employees around benefits and perks, paid time off, parental leave, and diversity and inclusion.
If you can leverage these insights and marry them with data from your company’s own analysis, you’ll come out ahead in the race to find and retain top talent that will give you a competitive edge in the years to come.
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