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 October 2021. Evan Sohn, CEO of Recruiter.com discussed the results with both CNBC and Yahoo Finance.
New to the Recruiter Index this month is proprietary workforce data from our partnership with Revelio Labs. Visualizations on job demand and job transitions supplement our recruiter sentiment index.
Candidate sentiment is up (3.5%) for the second month in a row after a long period of staying flat or declining. Candidates are continuing to prioritize compensation (30%), remote work (27.20%), work-life balance (23.90%), and new experiences (14.70%).
Backfill roles are up from September’s survey and have officially overtaken new roles. For the first time, recruiters reported that most of their roles (53 percent) were backfill, compared to 47 percent brand-new.
Sohn emphasized the rise in backfill roles on CNBC’s Power Lunch, “We’re very excited about the 551 thousand jobs that were added last month, but if you look at where we were a year ago, October 2020, we actually added 638 thousand jobs… so there were more jobs added last year with no vaccine, no covid pill, mask mandates everywhere than we had now.”
Candidate volumes continue to increase, with 31.5 percent of recruiters saying their jobs are getting more applicants now, up from 26 percent last month. According to the Bureau of Labor Statistics’ new report, the unemployment rate edged down to 4.6% in October. These could both be a result of seasonal hiring.
While candidate volume increases, we found a decline in available hybrid roles by nine percentage points. Even with the decrease they still continue to outpace remote roles.
Job demand data provided by Revelio Labs
When recruiters were asked what roles they see the most demand for, the top 10 included:
- IT/software engineering: 31 percent (-4 from September)
- Healthcare/Medical: 17 percent (+2 from Sept.)
- Recruiting/Staffing: 15 percent (-6 from Sept.)
- Accounting/auditing: 11 percent (+1 from Sept.)
- Architecture/engineering: 11 percent (+5 from Sept.)
- Business services: 10 percent (+0 from Sept.)
- Sales: 10 percent (+10 from Sept. - biggest jump)
- Pharmaceutical / Biotech: 9 percent (+1 from Sept.)
- Automotive: 8 percent (+5 from Sept.
- Restaurants / food and beverage: 8 percent (-2 from Sept.)
The new November Recruiter Index can be found here.
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.
