Did you know? 76% of people say that not hearing back from an employer after a job interview is more frustrating than not hearing from someone after a first date.
Making sure that your candidates’ interactions with your company end on a positive note is crucial. This article breaks down crucial statistics associated with Candidate Experience, highlighting why professionals working in TA, RecOps, Employer Branding, or Company Leadership should pay close attention.
The State of Candidate Experience
Stats for Talent Acquisition Professionals
Stats for Recruitment Operations Professionals
- 60% of candidates have stopped an application halfway through because of length or complexity. Applications that contain less than a dozen fields see the best results.
- 65% of candidates say they rarely or never receive an update on their application.
- Out of those who received updates, 52% of candidates say they had to wait 3 or more months.
- 80% of candidates say they would not consider other relevant job listings if a company doesn’t notify them of their outcome.
- Candidates who are notified of their outcome are 3.5x more likely to reapply to a different position with the same company
- Organizations that strongly invest in Candidate Experience see their average quality of hire improve by 70%, saving potentially hundreds of thousands of dollars on avoiding bad hires.
- Happy candidates are 38% more likely to accept a job offer, leading to less withdrawals and much less wasted time.
- 65% of companies recognize that they should improve their internal mobility and consider internal candidates more, and employees stay 41% longer at companies with high internal mobility
Stats for Employer Branding Professionals
Stats for Company Leadership
- Having happier candidates leads to happier employees, and Candidate Experience doesn’t stop once they’re hired. 70% of those with an exceptional onboarding experience say they have “the best possible job” and are 2.6x more likely to be “extremely satisfied” and have a longer tenure.
- Employee satisfaction is a proven booster of performance, and it starts before the hiring process is complete. Happy candidates are more likely to be happy employees, and companies with a happy workforce are 21% more profitable.
- 77% of candidates who have a negative experience with your company will share it with their networks. If that’s not bad enough, 41% to 50% of unhappy candidates will simply not do business with you - and if they’re not buying your products, you can assume that they’re telling their family and friends not to, either.
- Positive Candidate Experience has the same effect, but reversed: 65% of happy candidates are likely to do business with you again.
What Drives Candidate NPS?
- We recently crunched the numbers and analyzed 370,000+ Candidate Experience surveys to find the main drivers of cNPS.
- Rejected candidates’ NPS is most impacted by the feedback they receive, the quality of your assessments, and your company’s Diversity, Equity, and Inclusion policy.
- Withdrawn candidates’ NPS is most impacted by your Employee Value Proposition, your DEI policy, and clear alignment on understanding of the role on both sides.
Taken together, these stats, facts, and figures provide a solid foundation why Candidate Experience should be a priority for all parties involved in recruiting. Paying close attention to how your candidates feel about your company will not only provide you with a wealth of insights and feedback on optimizing your own hiring process, but it’ll also make you stand out from the crowd.
Curious how you can get an understanding of where your Candidate Experience stands? Get in touch to see how we can help.