SHRM Benchmarking Report: $4,129 Average Cost-per-Hire
New report shines light on average annual salary increase, time to fill a position, employee tenure
Want to know how many employers had a succession plan in fiscal 2015 or the typical number of people directly reporting to a middle manager? Maybe you're curious as to the average time it took to fill a position.
The Society for Human Resource Management's (SHRM's) Human Capital Benchmarking Report has those data points and more.
The findings, which reflect fiscal year 2015, are from data collected February-April from a random sampling of 2,048 SHRM members. The survey asked questions about employment, retirement, compensation, employer-paid tuition and other people metrics, such as the HR professional to employee ratio. It found, for example, that 61 percent of organizations surveyed offered tuition reimbursement and that these organizations provide an average maximum amount of $4,000 annually. On average, only 6 percent of employees participated in tuition/education reimbursement programs.
The number of respondents to individual questions differed, depending on the benchmark being measured. For example, 1,503 people answered the succession plan questions, while 1,192 responded to the average-time-to-fill question.
See the infographic at right for other data points.
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