Speed hires and bidding battles: latest tactics in the war for talent

Quick response times and pay hikes help pull talent in the current hiring market, according to a recent survey from job search engine ZipRecruiter

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In the fourth quarter of 2022, ZipRecruiter surveyed 2,550 U.S. residents hired to new roles within the last six months. This is what they had to say about their job-search experience: 

  • More than half heard back from their current employer within three days of applying for their job, and 9 in 10 heard back within one week. 
  • More than 62 percent received a pay boost after switching jobs; for two-thirds of those respondents, the raise was 11 percent or more. 
  • Nearly one-quarter said their previous employer asked them to stay and countered their new offer. The same number received a sign-on bonus. 
  • Sixty-three percent of healthcare respondents stayed in the same industry when switching to a new job. Healthcare had the second-highest retention rate next to tech, about 12 percent higher than the all-industry average. 
  • Nearly 38 percent of recent hires said they negotiated their new offer. 
  • Thirty-nine percent have a hybrid work schedule, and nearly 18 percent work remotely all the time — privileges fewer enjoyed at their previous jobs.

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