GITNUX MARKETDATA REPORT 2024

Hr Industry Statistics

The HR industry statistics provide valuable insights on employee engagement, recruitment trends, and workplace demographics.

Statistic 1

"87% of HR executives say improving employee retention is a critical or high priority over the next five years."

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Statistic 2

"52% of talent acquisition leaders say the hardest part of recruitment is identifying the right candidates from a large applicant pool."

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Statistic 3

"Only 15% of employees worldwide are engaged in their work."

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Statistic 4

"70% of companies report that staff turnover has a negative financial impact due to the cost of recruiting, hiring, and training a replacement employee as well as the overtime of current employees and lost productivity."

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Statistic 5

"Companies that use data-driven HR practices see a 56% improvement in employee retention."

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Statistic 6

"60% of job seekers have quit an application process because it was too lengthy."

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Statistic 7

"85% of employees are not engaged or are actively disengaged at work."

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Statistic 8

"Only 12% of employees say their company does a good job of onboarding new employees."

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Statistic 9

"95% of recruiters use LinkedIn regularly to source candidates."

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Statistic 10

"Replacing an entry-level employee costs 50% of their annual salary, on average."

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Statistic 11

"Organizations with high employee engagement are 21% more profitable."

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Statistic 12

"The HR analytics market is expected to grow at a CAGR of 14% during the forecast period 2021-2026."

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Statistic 13

"68% of HR professionals in the U.S. feel their organization is actively trying to improve employee well-being."

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Statistic 14

"95% of HR leaders say that burnout is sabotaging workforce retention."

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Statistic 15

"Organizations with a standard onboarding process experience 54% greater new hire productivity."

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Statistic 16

"It takes an average of 42 days to fill a position in the U.S."

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Statistic 17

"Companies using performance management software report a 36% increase in employee productivity."

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Statistic 18

"77% of companies have been using HR software to improve employee engagement."

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Statistic 19

"75% of HR managers have caught a lie on a resume."

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Statistic 20

"89% of HR leaders agree that ongoing peer feedback and check-ins are key for successful outcomes."

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