Magazine article HRMagazine

By the Numbers

Magazine article HRMagazine

By the Numbers

Article excerpt

SHRM's Research Department conducts surveys and studies that quantify employment trends and practices. Here's a look at some of 2013's top findings to help you as you plan in 2014. Links to all of these studies and more are available at www.shrm. org/research/13findings.

EMPLOYEES ARE ARRIVING ...

Throughout 2013, the hiring rate in the services sector surpassed the previous year's pace.

.... AND LEAVING

The average voluntary turnover rate across all industries was 13 percent-nearly 45 percent higher than the previous year.

COST PER HIRE RISES

According to the 2013 Human Capital Benchmarking Database, the average cost per hire was $2,819-a 15 percent increase over the previous year.

EMPLOYERS TURN TO SOCIAL MEDIA

Though many organizations use social media sites to create interest in jobs, fewer than 20 percent use them to screen job candidates. …

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