29 Hiring Statistics and Facts to Know in 2023

hiring statistics 2023

If you’re a technical recruiter or an engineering leader, you already know the value of data-driven hiring

But in order to make informed decisions based on data, you also need benchmarks. This article will present popular hiring statistics and facts to help you compare and benchmark your performance. 

This way, you’ll have a reference point to guide your own initiatives, understanding where you outperform or underperform compared to industry standards. 

We have also broken down these metrics by their field, such as candidate experience statistics and employer branding statistics, to make this article easier to navigate.

Ready? Let’s go.

Candidate Experience Statistics

  • A good candidate experience increases the likelihood of accepting an offer by 38%. (Standout CV)
  • Almost half (49%) of job seekers declined a job offer due to a poor candidate experience. (Career Plug)
  • 60% of candidates don’t finish an application because it’s too long.
  • 72% of candidates talk about their bad experience with someone else directly or online. (Career Arc)

Time to Hire 

  • The average time-to-hire for a technical position is 30 days. (Workable)
  • Engineering roles take the longest to fill. (LinkedIn)
  • An Applicant Tracking System (ATS) can reduce time to hire by up to 30%. (Jobvite)

Diversity Hiring Statistics

  • Companies with more ethnic diversity are 33% more likely to outperform competitors with non-diverse teams. (McKinsey
  • Women receive offers that are, on average, 2.5% lower than men in similar roles. (Codecademy
  • Nearly half (48%) of women in STEM jobs have experienced discrimination during the hiring process. (Built In
  • 70% of job seekers think a company’s commitment to diversity and inclusion is important when evaluating it as an employer. (PR Newswire)

Cost per Hire

  • On average, it costs $4,129 to hire a single employee. (Workable
  • Using employee referrals is likely to reduce the cost per hire. (Skill Fuel

The Cost of a Bad Hire

  • The cost of a bad hire is, on average, $14,900. (Zippia
  • The cost of replacing a bad hire can go up to 213% of the employee’s annual salary when we include factors like lost productivity, reduced team morale and severance payments. (Quantum Workplace
  • Almost half of business leaders admit they made a bad hire in the last year. (ZDNET

Onboarding Time

  • HR experts agree that at least 90 days are needed to onboard a new hire. (BambooHR
  • Engineers and managers report that it takes 3 to 9 months to get fully onboarded. (HackerNoon

Salaries & Perks

  • As of April 2023, the average salary for a software engineer is $113,760. (Glassdoor
  • 60% of candidates think salary and perks are a key factor for accepting a job offer. (G2
  • The most sought-after perks by software developers are flexible work hours and remote work options. (ZDNET

Employee Turnover Statistics

  • The average employee turnover in tech is 13.2%. (DevSkiller
  • Software engineers switch jobs every 2 years on average. (LinkedIn

Employer Branding Statistics

  • 75% of job seekers consider a company’s employer brand before applying to one of their roles (LinkedIn
  • 68% of hiring leaders believe their employer brand is a competitive advantage. (Glassdoor
  • Companies with a stronger employer brand get more qualified applicants and are faster to hire. (LinkedIn
  • 86% of Glassdoor users read an employer’s online reviews before deciding to apply for a position. (Zety)

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