NEW YORK, NY / ACCESSWIRE / December 3, 2021 / 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 November 2021.
After increasing for two months in a row, candidate sentiment is down to 3.3 out of 5. Nearly 37 percent of recruiters have noted a decline in the volume of applicants they had per role this month as well.
The majority of recruiters found themselves working to fill roles within the 40K-80K salary range this month. A 12 percentage point increase since August of 2021 when only 22% of recruiters were working on these roles. This shows the increase in demand for mid-tier workers - your factory, retail, and hospitality workers.
As candidates continue to navigate the job market, new experiences are a big factor they are looking for. New experiences had a 5 percentage point increase from October (15 percent) to November (20 percent). Other aspects candidates prioritize are compensation (25 percent) and remote work (23 percent).
The amount of in-person roles (42 percent) continued to increase this month, while hybrid roles continued their downward trend (30 percent.) Hybrid roles are still outpacing remote roles (28 percent), but not by much.
Sohn touched on the term the Great Reevaluation on CNBC’s The Exchange, to explain how employees’ priorities are shifting when it comes to their next job. “We think companies and employees are really reevaluating when they want to go back, how they want to go back, how should they get paid,” he explained.
After recruiters reported they were working on a record-high number of backfill roles (53%) last month, they have yet again taken the backseat to new roles, with 49% of roles being backfill and 51% being new in November. Although the gap is small this could mean that companies have started hiring faster in order to fill the existing open positions left by the Great Resignation.
When recruiters were asked what roles they see the most demand for, the top 10 included:
- IT/Software engineering: 23 percent (-8 from October)
- Architecture/Engineering:: 19.2 percent (+8 from October)
- Accounting/Auditing: 15.5 percent (+5 from October.)
- Recruiting/Staffing: 12.7 percent (-2 from October.)
- Medical/Healthcare: 9.4 percent (-8 from October.)
- Business Services: 6.6 percent (-3 from October)
- Retail: 6.1 percent (+4 from October)
- Automotive: 5.2 percent (-3 from October)
- Sales: 4.7 percent (-4.8 from October)
- Hospitality: 4 percent (-1 from October)
The December Recruiter Index can be found here.
Recruiter.com has partnered with Revelio Labs in order to show the number of job openings and transitions by sector and city. The graphs are shown below:
Souce: Revelio Labs
Date Range: 2021-08-01 to 2021-11-01 (3 months)
Total number of transitions: 1,989,617
Total job postings: 19,932,090
About Recruiter.com Group, Inc.
Recruiter.com is a recruiting solutions platform that rapidly delivers the right talent to both small and large businesses. With recruiting software and a network of on-demand recruiters, Recruiter.com provides on-tap talent solutions that flex with hiring needs. To learn more, visit https://www.recruiter.com. For investor information, visit https://investors.recruiter.com
Please follow social media channels for additional updates:
- Recruiter Network Group: https://www.linkedin.com/groups/42370/
- LinkedIn Company Page: https://www.linkedin.com/company/recruiter-com
- 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.
