For an article I was writing for my internship, I researched some hiring statistics for 2016. Today we are going to decipher what ten of this year’s results mean for millennials such as myself.
1. It takes an average of 52 days to fill an open position (This is up from 48 days in 2011)
This fact just solidifies the statement patience is a virtue. So, if your phone isn’t ringing three days after you apply, don’t get discouraged, they’re probably right on schedule. Those 52 days include posting the job, screening through resumes, interviewing candidates, and hiring the best fit! If for any reason you still feel a tad worrisome, don’t be afraid to reach out to the company within two weeks of either applying or interviewing to see where they are in the hiring process.
2. 90% of recruiters say the market is candidate-driven (up from 54% in the second half of 2011)
According to MRI Network, candidates have a greater ability to take control of their own future now more than ever before. This is due to the fact there are so many newly created jobs, resignations, and retirements transpiring in the job market. Long story short, it’s a great time to be a college grad!
3. 31% believe the top obstacle to increasing headcount is a shortage of candidates
We just went over this, there are a myriad of jobs opening in the market go out and apply!
4. 67% of employers believe retention rates would be higher if candidates had a clearer picture of what to expect about working at the company before taking the job
DO YOUR RESEARCH! Play around on the company website to see what the office culture is all about, see if you can get an informational interview before applying so you have the chance to interact with some current employees and see if you’ll be a great fit, look for reviews online of the company from current employees before applying or formally accepting a job. Just do something (!) so you can be sure this is somewhere you want to work before accepting. To get back to basics, before all of that, read the job descriptions very carefully before applying so you can fully understand what your responsibilities will be in this position so you don’t go into this position completely in the dark.
5. 47% of declined offers in the second half of 2015 were due to candidates accepting other jobs (this is up 10 points from the first half of 2015)
All I’m going to say about this one is to remember to contact any other companies you were considering to let them know that you have accepted an offer from someone else. This includes jobs you applied to but haven’t interviewed with yet, so they also know you’re off the market. Be sure to send personalized handwritten thank you cards for their time!
Leadership and management
1. 59% of employees who are supervised by highly engaged managers are more likely to be engaged than those supervised by actively disengaged managers.
Life is what we make of it, we live in a society that encourages free will; we should try our hardest to always be on our 'A' game even if our supervisors don't quite expect us to (that's how we begin to stand out and make a name for ourselves!)
2. 84% of organizations anticipate a shortfall in the minimum number of qualified leaders over the next five years
With all the work we put into the things we do, I find it extremely hard to believe that we aren’t qualified leaders. We need to start doing a better job explaining our leadership styles to one another, everyone does it differently and sometimes it can be difficult to see that we are indeed leading and not just standing around waiting to follow someone else.
3. 86% of global HR and business leaders cite leadership as a top issue for 2016
With that, we can begin to prove our leadership capabilities early on by going to conferences and local seminars to learn more about our fields and industries and then apply what we learned into our work and office culture.
4. More than 67% of Millennials believe it is management’s job to provide accelerated development opportunities to encourage them to stay
Maybe we can compromise and meet them halfway by pitching them a few ideas of what we have in mind to ensure we are receiving the development we would like to receive rather than leaving it all to management to try and guess what we would enjoy.
5. 35% of managers are engaged, 51% of managers are not engaged, and 14% of managers are actively disengaged.
As we start to make our way up the corporate hierarchy, let’s try to increase the percentage of engaged managers! I know that life happens and things can sometimes get in the way, but let’s do our best to leave a positive mark on our colleagues, ok?
What do you think of this year’s findings, did anything surprise you? Let me know in the comments below!