For each successful placement recruiters must wade through 282 potential candidates, according to a new study.
Social Talent and Alexander Mann Solutions partnered to conduct the Global Recruiting Survey, surveying 998 recruiting professionals to find out what they do, how they do it, how they find candidates and how they attract them.
The results show the sheer number of candidates recruiters deal with during an average placement, averaging 282 potential candidates, 79 candidates contacted, 22 candidate responses, six submissions, four interviews and one eventual hire.
“Across our nearly 1,000 respondents, we found that the 'typical' recruiting funnel converts potential candidates to hires at the dismal rate of 0.4%,” the report reads.
“The average recruiter needs to find 282 people in order to make one hire. Yet, on average, nearly three-quarters of these are not qualified or suitably relevant for the position. This conversion rate can be massively improved by applying more effective search and engagement tactics.”
Considering the numbers, it is unsuprising that over half of recruiters admit to placing a wrong candidate - read that report here.