To better support talent acquisition, recruiting, and hiring teams, we’ve studied industry benchmarks and best practices through the lens of our core values: equity, efficiency, and transparency.
Why? Because we believe, and the data agrees, successful companies have employer brands strong in these key areas.
Our goal for this report is to help leaders gauge the strength of their recruitment strategies by comparing their processes to top employers getting hiring “right” in 2022. This includes traditional KPIs such as the fastest time to hire, the highest offer acceptance rates, and the least variation between expected salary and salary in a final offer.
Hired’s hiring benchmarks report evaluated all active companies on its platform based on these three values critical to attracting, hiring, and retaining top talent. For each one, Hired’s Data team collected and analyzed specific criteria and metrics based on our marketplace data.
For each of these core values, we analyzed specific criteria and metrics using our proprietary marketplace data. This included platform activity from several hundred companies between September 1, 2021, and August 31, 2022.
In addition, we surveyed more than 1100 tech and sales professionals on their opinions regarding Equity, Efficiency, and Transparency in the candidate and employee experience. For more details, see the full Methodology section at the end of the report.
The volume of underrepresented candidates companies interview and hire.
How efficient companies are in interviewing and navigating candidates throughout the hiring process.
The amount of transparency companies give when indicating concrete salaries or salary bands during the hiring process.
Finally, watch for our Top Employers Winning Tech Talent List coming later this month. We share which companies are demonstrating the most excellence in equitable, efficient, and transparent hiring processes. The list covers top employers in North America and in the UK, broken down by SMB, Medium-Market, and Enterprise-level companies. See last year’s list here.