Recruiting and Hiring Statistics: Data Small Business Owners Need to Know

Data Small Business Owners Need to Know

This past year has brought many changes to the employment landscape, including a decreasing unemployment rate, more remote work, and choosier employees. However, one trend remains unchanged: one of the best ways to onboard better employees and reduce the risk of harming your small business is vetting job candidates thoroughly and using a reputable background check service like ShareAble for Hires.

Remember that this material is intended to provide you with helpful information and is not to be relied upon to make decisions, nor is this material intended to be or construed as legal advice. You are encouraged to consult your legal counsel for advice on your specific business operations and responsibilities under applicable law. Trademarks used in this material are the property of their respective owners and no affiliation or endorsement is implied.

With pandemic recovery, quiet quitting, dropping unemployment rates, the rising popularity of collective bargaining on a national level, and unpredictable employment trends, 2022 has been a year unlike any other. As people head back to work post-pandemic, they’re going with a new set of demands. As a small business owner, you must be prepared to meet these demands as you work through a diverse pool of qualified applicants to find your next great hire.

However, hiring a new employee is often easier said than done. From detailed resume review to phone interviews and checking references, it can be challenging for small business owners to find the time needed to focus on growing the business. Luckily, with the right information and tools, you can streamline your hiring processes and find great candidates—all without harming your bottom line.

Below, you’ll find eye-opening recruiting and hiring statistics that provide helpful insight into the current state of small business hiring and recruitment. These infographics shed light on today’s job market, what job applicants want, the average hiring timeline, issues plaguing hiring managers, and the importance of thorough pre-employment screening with a reputable company like Shareable for Hires®.

The job market today in Fall 2022 infographic

After another intense year of challenges and change, many employers are on the path to post-pandemic recovery. With growth comes the need to onboard new staff. But before you extend an offer to your preferred candidate, make sure to vet your applicant thoroughly. According to Northwestern University, one bad hire can cost companies at least . That doesn’t even touch the potential fallout that can occur when you skip a criminal or financial background check. Criminal property destruction, excess product waste due to incompetence, negligent hiring lawsuits—the list of potential hazards you risk from insufficient screening goes on and on.

Before bringing anyone new on board, take a look at these recruiting and hiring statistics below. These can help you get a better understanding of how to find better employees that could help you grow your small business.

 Small business trends for recruiting and hiring 2022 infographic

Make More Confident Decisions with ShareAble for Hires

The infographics above paint a picture of a shifting employment landscape. As a small business owner, it’s essential not to let yourself get stuck in the mix. Regardless of the any unemployment rate or hiring trends, it’s essential to conduct pre-employment screening with a trustworthy background check provider like ShareAble for Hires.

Designed specifically for small business owners, ShareAble for Hires provides on-demand, FCRA-compliant background reports in just minutes. Verify your candidate’s identity, delve into potentially relevant criminal history, and gain insight into their financial track record anytime, from anywhere.

The data has never been clearer: thorough background screening can make for higher quality candidates and better hiring decisions. Help find your next great staff member with ShareAble for Hires.

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