Where Should You Be with Your Recruiting Benchmarks01/15/2018
If your organization is trying to hire, we wanted to share some key benchmarks to help you determine if your market research recruiting effort is on track.
With the tightening labor market, only 20% of the candidate pool for any position view ads or job postings. To locate the best candidates, we actively reach out to the 80% who are gainfully employed. While this takes more effort, it pays off with most jobs being filled within two months.
Below are current benchmarks based upon our experience recruiting in the market research space.
If you're not conducting your first telephone interview within three weeks and your first in-person interview by week five then the parameters of the job search must be re-examined. We suggest reevaluating the job description, location, compensation and required experience.
Based upon our experience, candidates elect not to pursue career opportunities due to:
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Job location
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Insufficient salary
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Lateral career moves
If your position remains unfilled for more than three months, then you need to also review the interview process and hiring objectives -- including target compensation. Be aware that most employed candidates will not make lateral moves, and they will require an increase of 15% to 18% to make a career change.
Gainfully employed candidates seek:
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Increased compensation
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Promotion with increased responsibilities
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New challenges
With more than two decades of experience, we actively reach out to quality candidates to staff open positions with skilled market research professionals. We deliver on-time and on-budget. And as a contingency recruiter, our services are entirely risk-free.
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