The Risks of Status Quo Hiring It’s easier and safer to put off upgrades to your hiring process. But, the risks of doing nothing may be much greater than you think.

1. THE RISKS OF
STATUS QUO HIRING
OF FULL-TIME,
EMPLOYED WORKERS
ARE ACTIVELY JOB
SEARCHING / OPEN TO
NEW OPPORTUNITIES1
43% of the workforce
is age 34 or younger2
87% of U.S. adults
have a smartphone3
BUT COMPANIES ARE SLOW TO RESPOND
THE AVERAGE HIRING PROCESS IS
HIRING DELAYS =
LOST OPPORTUNITIES
SLOWER AND COSTLIER THAN EVER
AVERAGE COST PER HIRE
and 42 days average time-to-fill4
OF OFFERS ARE
REJECTED DUE TO
AN EARLIER OFFER5
CITE PROBLEMS WITH
THEIR HIRING PROCESS,
53 and 48% can’t find the
workers they need7
41% of job seekers who rate their candidate
experience as “poor” will take their alliances,
product purchases and relationships
elsewhere11
34% of candidates share their negative
experiences via social media10
45 hours wasted on hiring and onboarding8
15% average turnover9
%
REDUCTION IN
INTERVIEW-TO-HIRE
RATIO70%
47%
COMPANIES ARE FALLING
BEHIND NOT JUST
CANDIDATE EXPECTATIONS,
BUT COMPETITORS TOO
OF COMPANIES WITH
5,000+ EMPLOYEES
USE VIDEO
INTERVIEWING
80%
INCREASE IN
RECRUITER
EFFICIENCY
30%
DAYS SHAVED
FROM HIRING
CYCLE
14
TIME AND RESOURCES
SPENT ON BAD HIRES
AVERAGE COST OF A BAD HIRE7
17,000$
NEGATIVE
IMPACT OF “GOOD ENOUGH”
HIRING MINDSET
SAY HIRING
UNQUALIFIED
CANDIDATES
HAS HURT THEIR
BUSINESS6
83%
POOR HIRING
EXPERIENCE ALSO HURTS
THE BOTTOM LINE
OF CANDIDATES SHARE
THEIR NEGATIVE
EXPERIENCES WITH
THEIR INNER CIRCLE10
%
4,129$
RISKS OF DOING NOTHING
TO INNOVATE TALENT
ACQUISITION ARE HIGH:
VIDEO INTERVIEWING
TECHNOLOGY CHALLENGES
THE STATUS QUO
Organizations that don't innovate will find
themselves struggling to compete for top talent.
Industry leaders use technology to challenge the
status quo and transform their hiring process.
66
%
OF CANDIDATES INTERVIEWED VIA VIDEO
SAID THE PROSPECTIVE EMPLOYER WAS
INNOVATIVE AND FORWARD THINKING
98
%
OF CANDIDATES FELT MORE ABLE TO
REPRESENT THEMSELVES AS THE RIGHT
CANDIDATE WITH VIDEO INTERVIEWING
97
Montage is the single solution to engage,
interview and hire better candidates, faster.
montagetalent.com
76%
THE TALENT MARKET IS CHANGING
1
CareerBuilder 2016 research | 2
ManpowerGroup Millennial Careers: 2020 Vision | 3
Nielsen 2016 social media report | 4
SHRM 2016 Human Capital Benchmarking Report
5
MRINetwork 2016 study | 6
Indeed.com 2016 research | 7
Robert Half 2017 survey | 8
CareerBuilder 2016 research | 9
The Management Association 2016 survey
10
TalentBoard 2016 candidate experience research | 11
TalentBoard 2016 candidate experience research