A recent survey highlights significant challenges in the recruitment process across UK businesses.
- Half of new hires in the UK either leave their positions or require intensive support to become productive.
- 16% of new employees do not last a year, indicating inefficiencies in the hiring process.
- 89% of companies express dissatisfaction with current skills evaluation methods.
- There is a growing trend towards adopting AI and fractional work models to improve hiring outcomes.
A recent survey conducted by Project Brains, an AI-powered fractional work platform, reveals that half of new hires in the UK either leave their jobs or need substantial support to integrate effectively into their roles. This statistic underscores the challenges in recruitment efficiencies and matching the right talent with suitable positions.
The report identifies that 16% of new employees leave their jobs or are terminated within the first year, highlighting a significant issue with initial recruitment strategies. Additionally, 35% of new hires require close mentorship and assistance to enhance their performance, resulting in increased resource utilisation from the employer’s side.
Furthermore, the survey found that 45% of respondents indicated it took up to three months, if not longer, to fully ramp up new employees. This delay in achieving full productivity can impede business operations and affect overall organisational efficiency.
Despite nearly 90% of companies aiming to match skills with business needs during recruitment, around 68% exhibit neutral to dissatisfied attitudes towards their current methods of skills evaluation. This disconnect suggests a pressing need for innovative approaches in hiring processes.
To address these issues, a substantial majority of organisations are increasingly open to leveraging technology, such as artificial intelligence, to refine job specifications and evaluate potential candidates more accurately. Moreover, there is a noticeable shift towards employing fractional work models, with 89% of businesses expressing interest in such flexible staffing solutions.
Fractional work, which involves hiring highly skilled professionals on a part-time or project basis, offers several advantages. It provides agility and access to specialised skills precisely when needed, without the long-term commitments and costs associated with permanent hires. Companies using Project Brains have access to a network of over 6,000 professionals, allowing for effective role filling based on specific business needs.
Balram Pal, Director at Project Brains, remarks that these survey results are indicative of widespread mis-hiring challenges, urging for improved decision-making processes in recruitment. Given that mis-hiring can incur costs of approximately £125,000 per case, the drive toward more robust hiring strategies is both an opportunity and a necessity.
The survey strongly advocates for the integration of advanced technologies and flexible work models to address inefficiencies in the traditional recruitment process.
