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

  •  03/03/2021
  • By Andrea Collatz
  •  Employer

With unemployment levels skyrocketing and businesses having to reimagine the workplace, 2020 was a year unlike any other. Fortunately, employees are heading back to work and companies are beginning to regain solid traction. Small business owners looking to hire are in a unique position and have a large and diverse pool of qualified applicants to choose from.

However, hiring a new employee is often easier said than done. From finding the right candidate to conducting a pre-employment screening, it can be challenging for small business owners to find the time needed to focus on growing their business. Luckily, with the right information and tools, employers can streamline their hiring processes and find great candidates for open positions while tackling their everyday duties.

Below, you’ll find eye-opening recruiting and hiring statistics that provide great insight into the state of the hiring process for small business owners. Our infographic sheds light on today’s job market, what job applicants look for, the average hiring timeline, issues plaguing hiring managers, and the importance of pre-employment screening.

state of the job market 2021 infographic

After a year of intense change and challenges, employers are looking to onboard new staff and take their companies to new heights. But before you decide to extend an offer to your preferred candidate, make sure to take the time to vet your applicant thoroughly. One bad apple can spoil the whole bunch, and you don’t want the wrong hire to stall your company’s growth - or cost you time and money that could be better spent elsewhere. Take a look at these recruiting and hiring statistics below, so you can get a better understanding of how to find the perfect employee.

recruiting and hiring statistics infographic

The Bottom Line

On paper, a candidate might look like the perfect fit. However, as a small business owner, it’s essential to take the necessary steps to ensure an applicant is trustworthy and qualified. Pre-employment screening can provide insight to help you make a confident hiring decision.

With ShareAble® for Hires, small business owners can gain access to the information they need to thoroughly review their potential hire. Verify your candidate’s identity, receive complaint FCRA reports, and gain insight into their financial history anytime, anywhere. Our online self-service provides reliable reports that are delivered within minutes so you can hire as soon as possible.

Signup with Shareable for Hires Today for Free

This content, except as otherwise indicated or stated on this site, is the property of TransUnion Rental Screening Solutions, Inc. This content is for educational purposes and for convenience only. The information presented in this content is “as is” without warranties of any kind, and specifically is not represented to be complete and does not constitute legal advice, and is subject to change without notice. You are encouraged to check these terms from time to time for changes, and by accessing this site you agree to these terms and all terms listed. Laws and regulations may vary by state and locality. Consult your own counsel if you have legal questions related to your employment processes and practices.

Senior Marketing Analyst, TransUnion ShareAble

Andrea Collatz

She focuses on topics that empower small business owners through data, insights and industry best practices.

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