April 04, 2022 | By Kevin Gray
TAGS: trends and predictions, benchmarks, nace insights, cycle time
Cycle times during the recruiting process have remained steady in recent years, according to results of NACE’s 2021 Recruiting Benchmarks Survey Report.
In 2021, employers made job offers an average of 24.5 days after the interview. In turn, students accepted offers an average of about two weeks (15.7 days) after receiving an offer. (See Figure 1.)
Both cycles have remained relatively consistent, although the average number of days from interview to offer jumped nearly five days since 2015.
Data from the 2021 Recruiting Benchmarks Survey Reportwere collected on June 7, 2021, until August 6, 2021. Responses reflect recruiting results for the Class of 2020. The survey was distributed to organizations holding NACE membership as well as nonmembers. In all, 186 NACE members responded, representing 22.3% of all eligible member respondents. An additional 27 responses were received from nonmember companies. The 2021 Recruiting Benchmarks Survey Report and its interactive dashboard are available to participants on NACEWeb. Those who did not participate can access an executive summary or purchase the report through NACE.
Figure 1: Cycle Times From Position Interview to Position Acceptance
Percent of employers that allocated more resources to recruit historically marginalized students
NACE September 2021 Quick Poll
Percent of students seeking employer that embraces diversity
2021 NACE Student Survey
Percent of employers with a formal diversity recruiting effort
2021 Recruiting Benchmarks Survey Report