GITNUX MARKETDATA REPORT 2024

Human Resources Industry Statistics

Human resources industry statistics provide insights into trends related to workforce demographics, hiring practices, employee engagement, and other key HR metrics.

Statistic 1

"Companies that implement regular employee feedback have a 14.9% lower turnover rate."

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Statistic 2

"57% of organizations have chosen HR technology as a priority investment over the next 12-24 months."

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Statistic 3

"58% of companies use HR software to increase overall efficiency."

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Statistic 4

"Healthcare and social assistance is the sector with the largest number of HR managers."

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Statistic 5

"86% of employees and executives cite the lack of effective collaboration and communication as the main causes for failures in the workplace."

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Statistic 6

"68% of HR leaders report that employee experience is a primary focus to drive engagement and retention."

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Statistic 7

"92% of HR professionals believe that a major focus should be on employee experience."

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Statistic 8

"50% of HR professionals believe that AI and automation will become a regular part of HR operations in the next five years."

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Statistic 9

"75% of HR professionals believe that there is a need for HR to evolve to reflect the changes happening in workplaces."

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Statistic 10

"The employee turnover rate in the U.S. is approximately 22% per year."

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Statistic 11

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

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Statistic 12

"The global human resource management market size was valued at USD 16.01 billion in 2020."

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Statistic 13

"The cost of replacing a single employee can range between 50% to 200% of the employee's annual salary."

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Statistic 14

"77% of HR professionals use analytics to improve decision-making capabilities."

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Statistic 15

"83% of employees say that being recognized for achievements is more fulfilling than receiving gifts or rewards."

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Statistic 16

"Approximately 70% of the workforce is not engaged, significantly impacting productivity."

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Statistic 17

"The HR software market is projected to grow to $38.17 billion by 2027."

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Statistic 18

"71% of HR leaders are focusing on talent analytics to boost business performance."

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Statistic 19

"As of 2020, the number of HR managers employed in the United States was approximately 166,900."

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Statistic 20

"48% of HR leaders report that their organizations are planning to invest in training for 2021 to 2023."

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