#5. RECRUITMENT

Average cost per hire statistics for companies is $4,129.(SHRM Human Capital Benchmarking Report 2016)  

Up to 85% of jobs are filled via networking (Linked In)

It takes 100-200 job applications to get one job offer. (TalentWorks 2017) 

By the year 2025, 75% of the global workforce will be made up of Millennials. This group will also occupy the majority of leadership roles over the coming decade. When considering who to work for, Millennials consider the possibility of work-life balance, and opportunity for growth. 

The 2018 Deloitte Millennial Survey shows that 74% of these individuals believe their organization is more innovative when it has a culture of inclusion. If businesses are looking to hire and sustain a millennial workforce, diversity must be a key part of the company culture. 

This 2016 survey shows that 47% of millennials are actively looking for diversity and inclusion when sizing up potential employers. 87% of Millennials rate professional career growth and developmental opportunities as important in a job. (Gallup 2016)

Nearly 80% of Millennials look for people and culture fit with employers, followed by career potential. (Collegefeed Mar.2014)

REFERENCES:

5a. 

https://www2.deloitte.com/global/en/pages/about-deloitte/articles/millennialsurvey.html