Organizations face a significant challenge with Retention, as 41% of new hires leave within the first 12 weeks !

📣 27% of organizations reported that candidates they selected frequently, often, or occasionally did not show up on their first day

🏆 Competition for well-qualified talent has increased over the last year and 84% of organizations had tried to fill some vacancies and 64% of these experienced difficulties attracting candidates.

📈 Organizations are increasingly turning to internal training and development to meet their talent needs - over half (56%) said they developed more talent in-house over the last 12 months compared with the previous year.

💲 Organizations struggling to recruit are increasingly offering better pay and benefits to address recruitment difficulties

🦾 Some 78% of organizations increased their use of technology in the recruitment and onboarding process over the last 12 months, according to a new interesting research published by CIPD in collaboration with Omni using data 📊 from a survey conducted online from 4–22 April 2024 by YouGov of 1,016 UK-based HR/people professionals.

✅Candidates resigning within the first 12 weeks is on the rise

Researchers found that on the whole, among those that have tried to recruit in the last 12 months, candidates behave with sincerity, respond in a timely manner to communications and arrive promptly for interviews.

☝️ Many organizations face challenges in retaining new recruits: 41% reported that candidates hired in the past year frequently, often, or occasionally resigned within the first 12 weeks. Additionally, 27% noted that selected candidates frequently, often, or occasionally did not show up on their first day.

✅Recruiting and finding the right candidates remains a top priority for the organization

Over the past year, researchers noted considerable variability in resourcing activities. While 30% of organizations increased their recruitment efforts, 17% reduced them, and 21% halted hiring altogether.

Moreover, 20% of organizations expanded their use of external services or temporary labor, while 19% cut back on these resources."

✅The top 10 attraction methods used by organizations:

Researchers discovered that many organizations, especially larger ones, employ various strategies to attract candidates. Corporate websites, internal advertising to existing talent pools, and recruitment/search consultants remain among the most effective methods. However, the perceived effectiveness of these approaches has declined in recent years, likely due to shifts in candidate behavior and the increasingly competitive talent market.

✅Only half of managers or leaders have attended inclusive leadership training

Researchers observed that only 50% of respondents reported their managers or leaders had participated in inclusive leadership training or coaching over the past year. However, a significantly smaller proportion (28%) indicated that all interviewers received training on legal obligations and objectives.

Interestingly, the public sector is much more likely to offer these training options compared to the private sector.

📍 Finally researchers provide below recommendations:

✔️Take a strategic approach to workforce planning.

Review your organization’s critical skills and key roles and look at the data on retaining these people.

✔️ Proactively widen your talent pools.

Vary and target your recruitment outreach approach and channels and ensure your employer brand is attractive and communicated well to a diverse group of candidates.

✔️Engage candidates throughout the recruitment process to ensure they are committed to the role and your organisation and have realistic expectations.

Ensure onboarding and induction helps them perform at their best.

☝️ 𝙈𝙮 𝙥𝙚𝙧𝙨𝙤𝙣𝙖𝙡 𝙫𝙞𝙚𝙬:

This fascinating research on recruitment trends, though based on UK data, offers insights relevant to organizations globally. Retaining key talent is increasingly becoming a top priority, and understanding why new recruits leave within the first 12 months can lead to significant cost savings. Additionally, the impact of new technologies, such as AI in recruiting, will shape the recruitment strategies of many organizations in the coming years.

🙏Thank you CIPD and Omni researchers team for sharing these insightful findings:

Louise Shaw FCIPD

Dave Ulrich

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