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 decreased this month to 3.2, well below where it was this time last year. The average amount of roles recruiters are working on also saw a sharp decrease falling from an average of 22 to 17.
Candidate Close Up
Candidate sentiment continued its downward trend, decreasing back down to 3.2 Majority of recruiters reported applicant volume remaining the same this month, followed by 35 percent of recruiters reporting a decrease in volume.
In-person roles continue to outpace both remote and hybrid roles. Since January 2022, remote roles have decreased by 56 percent.
Our Recruiter Index tracks how many of the roles recruiters are working on are backfill vs. new roles. This month, 6 percent of recruiters said that 100 percent of their roles were brand new roles, down 33 percent since May.
Compensation continued to hold the number one spot when it came to candidate priorities as well as the number one reason employees are leaving jobs. Remote work followed compensation, with 30 percent of candidates deeming it the most important priority.
The June Recruiter Index showed an increase in the amount of candidates who have had three or four jobs over the past two years, with 21 percent of candidates claiming to have job hopped three times. Of the candidates, recruiters are working with, 36 percent reported 75-100 percent of the candidates they are interviewing are currently employed.
The majority of recruiters reported salaries remaining the same in June (58 percent), while 36 percent reported an increase in salaries. In terms of specific salary ranges, we saw increases in the ranges <15K (+1 percentage point), $15K-$40K (+8 percentage points), and $150K-200K (+2 percentage points).
Most Active Industries
We asked recruiters across all verticals to identify the top three industries where demand for talent was highest in June.
IT / Software Engineering maintains the number one spot in June for the fourth month in a row, although showed no signs of growth.
Recruiting and staffing held on to its number two spot with 28 percent of recruiters naming it the most in demand industry. Following IT and Recruiting is Medical / Healthcare and Architecture.
- The average recruiter worked on 16 open roles in June 2022, witnessing a decline from 22 open roles in May.
- The average recruiter sentiment by month is calculated by asking how recruiters feel about the current job market. This month it decreased to 3.2.
Candidate sentiment, a measure of how open candidates are to new roles, continued its downward trend to 3.2.
In person roles continued to overtake both remote and hybrid roles, with 42 percent of recruiters working on in-person roles.
Remote roles have decreased by 56 percent since January 2022.
Only 6 percent of recruiters reported 100 percent of their roles being brand new.
Compensation remains both the number one priority for candidates when looking for a new job as well as why candidates are leaving companies.
The recruiting/staffing industry remains one of the top industries in demand, holding steady at the number two spot.