Insights and Predictions From the Recruiters, HR Professionals, and Talent Acquisition Experts on the Front Lines of the Job Market Today
Job Market Overview
The average recruiter sentiment took a dip this month after a spike in March, landing slightly below where it was at this time last year. Recruiter workload continued its downward trend, with recruiters now working on an average of 17 roles.
Candidate Close Up
Candidate sentiment held steady in April, however, remained shy of where it was this time last year. Recruiters reported a decrease in applicant volumes this month.
In-person and hybrid roles continued to increase in place of fully remote roles - signifying the continuation of returning to the office. There was nearly an 8 percent decrease in the amount of roles recruiters are working on that currently require a college degree.
Our Recruiter Index tracks how many of the roles recruiters are working on are backfill vs. new roles. This month, 13 percent of recruiters said that 100 percent of their roles were brand new roles, up from 3 percent in March.
Compensation witnessed a large increase this month when it comes to priorities, increasing by 29 percent. In correlation, compensation was the number one reason employees are leaving their current jobs, followed by remote work and management.
44 percent of recruiters have reported candidates having two jobs over the past two years, and 16 percent have reported candidates having three jobs - showing that the job hopper economy is in full swing. Of the candidates, recruiters are working with, 44 percent reported 75-100 percent of the candidates they are interviewing are currently employed.
The majority of recruiters reported salaries remaining the same in April (55 percent), while 35 percent reported an increase in salaries. In terms of specific salary ranges, we saw increases in the ranges <$15K (+2 percentage points), $15K-40K (+3 percentage point), $100K-150K (+4 percentage points), and $200K< (+2 percentage point).
Most Active Industries
We asked recruiters across all verticals to identify the top three industries where demand for talent was highest in April. IT / Software Engineering maintains the number one spot in April for the second month in a row.
Recruiting and staffing held on to its number two spot with 25 percent of recruiters naming it the most in-demand industry. Following IT and Recruiting is Medical / Healthcare and Architecture.
- The average recruiter worked on 17 open roles in April 2022, declining for the second month in a row.
- The average recruiter sentiment by month is calculated by asking how recruiters feel about the current job market. This month it witnessed a slight dip, currently at 3.5.
- Candidate sentiment, a measure of how open candidates are to new roles, held steady at 3.4.
- Hybrid roles and in-person roles have overtaken remote roles, with 41 percent of recruiters working on hybrid roles.
- Recruiters reported an eight percent decrease in the amount of roles recruiters are working on that currently require a college degree.
- Only 13 percent of recruiters reported 100 percent of their roles being brand new.
- Remote work continues to be the number one priority for candidates followed by compensation.
- Compensation and remote work continue to be the top reasons employees are leaving their current jobs.
- The recruiting/staffing industry remains one of the top industries in demand, holding steady at the number two spot.