GITNUX MARKETDATA REPORT 2024

Talent Acquisition Industry Statistics [Fresh Research]

Statistic 1

"In North America, 62% percent of companies leverage a recruitment process outsourcing model option for their talent acquisition needs."

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Statistic 2

"The global recruitment process outsourcing market is projected to reach US$ 20.8 billion by the year 2027."

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Statistic 3

"Job boards represent 19.2% of candidate sourcing, the second-largest source next to employee referrals."

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Statistic 4

"About 79% of job applicants use social media platforms during their job search."

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Statistic 5

"50% of recruiters consider employee referrals the highest quality source of candidates."

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Statistic 6

"AI adoption in recruitment has increased by 500% in the last two years."

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Statistic 7

"52% of recruiters say the hardest part of their job is identifying the right candidates from a large pool of applicants."

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Statistic 8

"2022 will see 77% of all global enterprises using mobile recruiting as part of their talent strategy."

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Statistic 9

"75% of recruiting and HR professionals use a recruiting or applicant tracking software."

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Statistic 10

"59% of employees believe a company’s social media presence was reason enough for them to apply for a job at that particular company."

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Statistic 11

"The average cost per hire is just over $4,000."

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Statistic 12

"The global talent acquisition market size was valued at USD 6.38 billion in 2018."

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Statistic 13

"The use of data analytics in talent acquisition has risen by 242% in the last two years."

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Statistic 14

"60% of job seekers have quit an application due to its complexity."

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Statistic 15

"A good 89% of companies expect to be much more digital in talent acquisition processes post-COVID-19."

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Statistic 16

"The average time to hire (from application to offer) is approximately 3 weeks."

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Statistic 17

"31% of new employees quit in the first six months."

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Statistic 18

"Talent acquisition technology can shorten the hiring cycle by up to 18 days."

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Statistic 19

"More than 70% of job seekers would turn down an offer if the candidate experience is poor."

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