Recruiter.com Announces Results of Recruiter Index for May 2022
Recruiter.com Group, Inc. (NASDAQ:RCRT, RCRTW) reported the findings from its Recruiter Index® for May 2022.
Recruiter sentiment remained stable, scoring 3.5/5, while the roles being filled surged from 17 to 22. Hybrid and in-person roles accounted for 78% of recruiter placements, with remote roles dropping by 52% since January. Candidates prioritized compensation (67%), signaling a tight labor market. The demand for recruiters increased by 36% since April, with IT and software engineering roles leading the hiring sectors.
- Recruiter sentiment held steady at 3.5/5, indicating stable confidence in the job market.
- Recruiters are working on an increased average of 22 roles, up from 17.
- In-demand industries include IT/software engineering (39%) and recruiting/staffing (34%).
- Recruiters experienced a 36% increase in demand since April.
- Candidate sentiment dipped slightly in May, indicating potential hesitation in job market engagement.
- Remote roles decreased by 52% since January, reflecting a shift towards in-person employment.
Shares recruiter sentiments on hiring demand and the labor market
NEW YORK, NY / ACCESSWIRE / June 2, 2022 / Recruiter.com Group, Inc. (NASDAQ:RCRT)(NASDAQ:RCRTW) ("Recruiter.com"), a recruiting solutions platform, has released the results of its Recruiter Index® for May 2022.
"We see indications of a continued tight labor market," said Evan Sohn, CEO of Recruiter.com. "With the Great Resignation transitioning into the job-hopper economy, employers need to step up their hiring game and increase their talent pipeline. We have seen forward-looking companies start to 'over hire' to be proactive about the inevitable churn that comes hand in hand with the job hopper economy. As this progresses, we expect that every company of 20 or more will allocate a sum of money towards talent acquisition."
After remaining the same in April, candidate sentiment, the measure of how open candidates are to new jobs, took a slight dip in May. Recruiter sentiment, the measure of how recruiters feel about the job market, held steady in May at a 3.5/5. Although there was no change in sentiment, the average number of roles recruiters were working on saw a significant increase this month, increasing from 17 to 22.
For the second month in a row, hybrid roles (40 percent) and in-person roles (38 percent) have both outpaced remote roles (21 percent), signifying the increase in companies requiring a returning to the office. Since January of 2022, the number of remote roles recruiters are working on has decreased by 52 percent.
Compensation is candidates' number one priority when looking for a new opportunity, increasing by 67 percent since March. Following compensation is remote work (31 percent) and work/life balance (18 percent). Similarly, when looking at why employees leave their current job, 45 percent of respondents deemed the reason to be compensation.
When asked how many jobs on average candidates had over the past two years, 49 percent of the recruiters said candidates have had two jobs, and 15 percent reported candidates having three jobs.
Recruiters and talent acquisition professionals continue to be the second most in-demand industry for the third month, with a 36 percent increase since April. Information Technology continues to hold the number one spot after a slight dip earlier in the year, with 39 percent of recruiters reporting it to be the most in-demand industry.
When recruiters were asked what roles they see the most demand for, the top ten included:
- IT/Software Engineering:
39% (-11% from April) - Recruiting/Staffing:
34% (+9% from April) - Medical/Healthcare:
19% (+1% from April) - Architecture/Engineering:
19% (+4% from April) - Business Services:
13% (+8% from April) - Accounting/Auditing:
12% (+4% from April) - Hospitality:
7% (+2% change from April) - Apparel/Fashion:
7% (+2% from April) - Sales:
6% (-5% from April) - Automotive:
3% (+1% change from April)
The June Recruiter Index can be found at https://go.recruiter.com/recruiter-index-job-market
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.
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