Recruiter.com Announces Results of Recruiter Index for December 2021

Rhea-AI Summary

Recruiter.com Group has published its Recruiter Index for December 2021, revealing a rebound in recruiter and candidate sentiment. 37% of recruiters reported higher applicant volumes, a 60% increase since November. The demand for remote roles surged by 29%, outpacing hybrid positions for the first time. Candidate priorities shifted towards remote work (39%), with less emphasis on compensation. The 'Great Resignation' continues, with 4.5 million job changes noted in November. Talent acquisition remains a high-demand field, though sectors like retail and hospitality faced challenges.

Positive

• 37% of recruiters reported an increase in applicant volume, a 60% jump since November.
• The demand for remote roles increased by 29%, surpassing hybrid roles for the first time.
• 39% of candidates now prioritize remote work, indicating a shift in workforce preferences.

Negative

• Employers are struggling to keep up with high turnover rates, as backfill roles surpassed new positions for the first time since October 2021.
• Sectors such as retail and hospitality faced significant challenges, impacting overall recruitment dynamics.

NEW YORK, NY / ACCESSWIRE / January 10, 2022 / Recruiter.com Group, Inc. (NASDAQ:RCRT)(NASDAQ:RCRTW) ("Recruiter.com"), a recruiting solutions platform, has released the results of Recruiter.com's Recruiter Index® for December 2021.

After dipping last month, candidate and recruiter sentiments rose this December. Nearly 37 percent of recruiters noted an increase in applicant volume this month, jumping 60 percent since November.

The amount of remote roles recruiters have been working to fill increased by 29 percent this December, surpassing hybrid roles for the first time. This could be a result of new variants being introduced and the end of seasonal hiring.

Candidate's priorities continue to shift as well as our index found a 39 percent increase of employees who prioritize remote work. Work-life balance (21 percent) and new experiences (13 percent) continue to be prioritized by candidates as well, while compensation becomes less of a driving factor.

Recruiter.com's CEO, Evan Sohn, believes we are starting to see the ‘great alignment' as the number of candidates prioritizing remote work and the number of remote positions increase. "What needs to happen is this alignment of the company culture and company requirements to the candidates themselves," Sohn told CNBC'S "The Exchange."

The Bureau of Labor Statistics reported that 4.5 million Americans quit or changed jobs in November, proving the Great Resignation shows no signs of slowing. Backfill roles bypassed new roles in December (52 percent to 48 percent), only done before in October 2021. Employers are still struggling to keep up with the heightened churn that comes from this reshuffling in the job market.

Recruiters and talent acquisition professionals are now the second most in-demand industry, and some may say, the most challenging position for which to recruit. Other sectors were hit hard this month including, retail and hospitality.

When recruiters were asked what roles they see the most demand for, the top 10 recruiting roles included:

1. IT/software engineering: 16.6 percent (-6 from November)
2. Recruiting/ Staffing: 14.1 percent (+1 from November)
3. Architecture/engineering: 12.9 percent (-6 from November)
4. Medical/Healthcare: 11.7 percent (+3 from November)
5. Accounting/auditing: 9.8 percent (-6 from November)
6. Business Services: 8.6 percent (+2 from November)
7. Automotive: 3.1 percent (-2 from November)
8. Retail: 2.5 percent (-4 from November
9. Sales: 1.8 percent (-3 from November)
10. Hospitality: 0.6 percent (-3 from November)

The new January Recruiter Index survey can be found here.

About Recruiter.com Group, Inc.

Recruiter.com is a recruiting solutions platform that rapidly delivers the right talent to both small and large businesses. Recruiter.com provides on-tap talent solutions that flex with hiring needs with recruiting software and a network of on-demand recruiters. To learn more, visit https://www.recruiter.com. For investor information, visit https://investors.recruiter.com

Please follow social media channels for additional updates:

• Recruiter Network Group: https://www.linkedin.com/groups/42370/
• LinkedIn Company Page: https://www.linkedin.com/company/recruiter-com
• Twitter Company Page: https://twitter.com/recruiterdotcom
• Facebook Company Page: https://www.facebook.com/RecruiterDotCom

Company Contact:

Nicole Gallina
Corporate Communications
investors@recruiter.com

Cautionary Note Regarding Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast" "believe," "may," "estimate," "continue," "anticipates," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include continued demand for professional hiring, the accuracy of the Recruiter Index® survey, the impact of the COVID-19 pandemic on the job market and the economy as virus levels are again rising in many states, and the Risk Factors contained within our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2020. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update any forward-looking statements publicly, whether as a result of new information, future developments, or otherwise, except as may be required by law.

SOURCE: Recruiter.com Group, Inc.

View source version on accesswire.com:
https://www.accesswire.com/681693/Recruitercom-Announces-Results-of-Recruiter-Index-for-December-2021

FAQ

What were the key findings of the Recruiter Index for December 2021?

The Recruiter Index showed a 60% increase in applicant volume, with 37% of recruiters noting higher activity and a 29% rise in remote roles.

How did candidate priorities shift according to Recruiter.com?

Candidates now prioritize remote work (39%), followed by work-life balance (21%) and new experiences (13%), with less focus on compensation.

What impact has the Great Resignation had on recruitment?

The Great Resignation continues to affect the job market, with 4.5 million job changes recorded in November, resulting in high turnover and backfill roles surpassing new positions.

Which sectors are facing recruitment challenges as noted in the December 2021 Recruiter Index?

The retail and hospitality sectors experienced significant recruitment challenges, highlighting ongoing industry difficulties.

What is the significance of the rise in remote roles according to Recruiter.com?

The rise in remote role demand indicates a growing alignment between candidate preferences and job offerings, which is crucial for recruitment success.