Recruiter.com Announces Results of Recruiter Index for June 2022

Rhea-AI Summary

Recruiter.com Group, Inc. (NASDAQ:RCRT, RCRTW) reported findings from its Recruiter Index® for June 2022. Candidate sentiment dipped, while recruiter sentiment fell to 3.2/5, reflecting a slowdown in hiring, with recruiters handling an average of 16 openings, down from 22 in May. Compensation remains the top priority for candidates at 42%, surpassing remote work. In-person roles dominate at 42%, indicating a 56% decrease in remote roles since January. Among in-demand positions, IT/Software Engineering leads at 39%, with recruiting/staffing following at 28%. The next Recruiter Index survey will be conducted soon.

Positive

• IT/Software Engineering remains the top in-demand role at 39%.
• Recruiter/staffing roles still show demand, holding the second position at 28%.
• Compensation is a key factor driving candidate interest, with 42% prioritizing it.

Negative

• Overall candidate and recruiter sentiment have decreased, indicating potential concerns in the job market.
• Recruiters reported a decline in open positions, averaging only 16 roles compared to 22 in May.
• A significant drop in remote job availability, down 56% since January, may hinder talent attraction.

Shares insights on the labor market and hiring demand

NEW YORK, NY / ACCESSWIRE / July 12, 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 June 2022.

After a dip in May, candidate sentiment, the measure of how open candidates are to new jobs, moved down. Recruiter sentiment, the measure of how recruiters feel about the job market, decreased to 3.2/5 this month, matching February 2022 levels. The decreases in both sentiments may result from a slight slow up in hiring. On average, recruiters worked on 16 open roles this month, down from 22 open positions in May.

On average, when asked how many jobs candidates have had over the past two years, 44 percent of recruiters said candidates have had two jobs. This month, we saw an increase in the number of candidates who have had three (21%) and four jobs (14%).

"Job mobility is going to continue. People are going to chase the jobs that have more compensation, and companies need to better align how many roles they are attriting and hiring on a daily basis," said CEO, Evan Sohn on CNBC's "The Exchange".

Compensation is the only priority that ranked above remote work in June's Recruiter Index, at 42 percent this month. Not only did compensation claim the number one spot, but it is also the number one reason employees are leaving their current jobs as well (45%).

In-person roles (42%) are dominant over hybrid (39%) and fully remote roles (19%) this month. Remote positions have decreased by 56 percent since January.

Although there has been a decline in remote work, it remains the number two priority when candidates are looking for a new opportunity, not only shrinking the applicant pool for jobs that require workers to be in person, but supporting the job hopper economy, as companies decide to transition back into the office.

Recruiters and talent acquisition professionals continued to be the second most in-demand professional category, with 28 percent of recruiters awarding it the number two spot. Information Technology remained in the number one spot for the fourth month in a row but remained stagnant in June in terms of demand.

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

1. IT/Software Engineering: 39% (-/+0 from May)
2. Recruiting/Staffing: 28% (-6% from May)
3. Medical/Healthcare: 23% (+4% from May)
4. Architecture/Engineering: 15% (-4% from May)
5. Sales: 15% (+9% from May)
6. Accounting/Auditing: 12% (+/0 from May)
7. Business Services: 6% (-7% from May)
8. Automotive: 6% (+3% from May)
9. Apparel/Fashion: 4% (-3% from May)
10. Hospitality: 3% (-4% from May)

The next Recruiter Index survey 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 "predict" "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, 2021. 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/708264/Recruitercom-Announces-Results-of-Recruiter-Index-for-June-2022

FAQ

What were the key findings of the Recruiter Index for June 2022?

The Recruiter Index for June 2022 showed decreased candidate sentiment and a drop in recruiter sentiment to 3.2/5, with recruiters managing fewer open roles.

How has the job market changed according to Recruiter.com?

The job market shows signs of slowing, with recruiters averaging 16 open positions in June, down from 22 in May.

What is the primary reason candidates are leaving their jobs?

Compensation is the primary reason for job attrition, cited by 45% of respondents in the Recruiter Index.

What roles are currently most in demand according to the Recruiter Index?

The most in-demand roles include IT/Software Engineering at 39% and Recruiting/Staffing at 28%.