Recruiter.com Announces Results of Recruiter Index for January 2022

Rhea-AI Summary

Recruiter.com has announced the results of its Recruiter Index® for January 2022, revealing steady candidate sentiment and a slight decline in recruiter sentiment to 3.6/5. A significant 63% increase in remote roles filled since September 2021 emphasizes the growing demand for remote work, which remains the top priority for candidates (28%). CEO Evan Sohn anticipates an additional $50 billion investment in hiring for 2022 amid high turnover rates. The Department of Labor reported a net increase of 467,000 jobs in January despite the ongoing pandemic.

Positive

• 63% increase in remote roles filled since September 2021.
• CEO expects an additional $50B investment in hiring for 2022.
• 467,000 jobs added in January, indicating strong job market.

Negative

• Recruiter sentiment decreased by one point to 3.6/5.
• Backfill roles surpassed new roles for the second consecutive month (51% to 49%), indicating high turnover.

Recruiter.com shares sentiment results and predicts increased investment in talent acquisition

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

After increasing last month, candidate sentiment held steady in January, while recruiter sentiment decreased by one point to a 3.6/5 - matching the score of January 2021.

The number of remote roles that recruiters have been filling continues to increase, reporting a 63 percent increase since September 2021. Remote roles again outpaced hybrid (30 percent) and in-person positions (26 percent).

The candidate's number one priority continues to be remote work, with 28 percent of employees deeming it the most critical factor. Following remote work was compensation, with 23 percent of employees considering it a priority, and work-life balance with 18 percent.

Backfill roles surpassed new roles for the second month in a row, with 51 percent to 49 percent, respectively, signaling the continuation of the Great Resignation. As the velocity of churn remains heightened, U.S employers will likely have to increase investment in talent acquisition.

Recruiter.com's CEO, Evan Sohn, shared with CNBC's Worldwide Exchange that he expects employers to spend an additional $50B hiring in 2022. "We are hiring 7.3 percent more than the average in 2019, but we're quitting 23 percent higher, so just on December alone, 30 percent more people quit this December than last December," explained Sohn.

The Department of Labor reported an increase of 467,000 jobs in January, despite the surge in Omicron cases.

Recruiters and talent acquisition professionals continue to be some of the most in-demand roles as the volume of employees seeking new opportunities rises.

When recruiters were asked what roles they see the most demand for, their top ten picks included:

1. Architecture/engineering: 23 percent (+10 percentage points from December)
2. Accounting/auditing: 20 percent (+10 percentage points from December)
3. Medical/healthcare: 16 percent (+4 percentage points from December)
4. IT/software engineering: 15 percent (-2 percentage points from December)
5. Automotive: 12 percent (+9 percentage points from December)
6. Recruiting/staffing: 11 percent (-3 percentage points from December)
7. Business Services: 5 percent (-4 percentage points from December)
8. Sales: 3 percent (+1 percentage points from December)
9. Hospitality: 1 percent (steady from December)
10. Retail: 1 percent (-2 percentage points from December)

The February Recruiter Index can be found here.

About Recruiter.com Group, Inc.

Recruiter.com is an on-demand recruiting platform providing flexible talent acquisition solutions that scale from startups to the Fortune 100. With an on-tap network of thousands of recruiting professionals, advanced artificial intelligence sourcing software, and recruitment marketing automation,Recruiter.com helps businesses solve today's complex hiring challenges.

For investor information, visit https://investors.recruiter.com

Please follow social media channels for additional updates:

• LinkedIn Recruiter Network Group: https://www.linkedin.com/groups/42370/
• LinkedIn Company Page: https://www.linkedin.com/company/1240434
• 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/688256/Recruitercom-Announces-Results-of-Recruiter-Index-for-January-2022

FAQ

What does the Recruiter Index® for January 2022 indicate about recruiter sentiment for RCRT, RCRTW?

The Recruiter Index® shows a slight decline in recruiter sentiment to 3.6/5 for January 2022.

How much is expected to be invested in hiring in 2022 by Recruiter.com?

Recruiter.com anticipates an additional $50 billion in hiring investments for 2022.

What is the trend in remote roles according to Recruiter.com?

There has been a 63% increase in remote roles filled since September 2021.

What was the job market performance in January 2022 for RCRT, RCRTW?

The Department of Labor reported an increase of 467,000 jobs in January 2022.

What was the percentage split between new roles and backfill roles reported by Recruiter.com?

Backfill roles surpassed new roles at 51% to 49% in January 2022.