Recruiter.com Group says latest survey shows high recruiter confidence but potential talent shortages

Recruiter.com Group Inc (NASDAQ:RCRT) has revealed that sentiment among recruiters about the current job market remains high but talent shortages among potential employees may be growing more acute.

The company was discussing the results of its monthly Recruiter Index survey for June 2021, which gathers information from the group’s 28,500 independent recruiters and talent acquisition specialists.

Recruiter.com CEO Evan Sohn also discussed the findings in an interview with ‘The Exchange’ on CNBC.

READ: Recruiter.com closes on $12M public offering as it starts trading on the Nasdaq

Recruiter.com helps organizations reduce recruiting costs and shorten recruiting cycles via its on-demand recruiting and AI and video technology.

Recruiter sentiment remained steady at 3.8 in June – the same as in March and May this year, which were the highest months on record - but average roles needed per recruiter were up to 20 in June, from 19 in May, the latest survey showed.

“At the same time, candidate sentiment fell for the second consecutive month, from 3.4 in May to 3.2 in June, indicating candidates are less interested in new job opportunities. 40 percent of recruiters say the average number of applicants per role has decreased since May. Taken together, these numbers indicate that widely reported talent shortages may be growing more severe,” noted the company.

Meanwhile, employers are taking different approaches to attracting talent, including raising salaries and working with recruitment specialists.  Demand for recruiters and talent acquisition pros surged in June, the company added.

Notably, while remote working was Number two on candidates’ list of priorities when evaluating new roles, employers are set on having them return to the office, according to the Recruiter Index. Just 17% of recruiters said they are primarily working on remote roles, the lowest share of remote roles on record, according to the data.

On what talent is in demand, the top ten, according to the index, included:

1. IT/software engineering: 33% (+1% from May)
2. Recruiting/staffing: 16% (+7% from May)
3. Healthcare/medical: 16% (-3% from April)
4. Financial services: 9% (+1% from May)
5. Food/beverage: 9% (+1% from May)
6. Hospitality: 9% (-1% from May)
7. Logistics: 7% (-2% from May)
8. Manufacturing: 7% (+3% from May)
9. Architecture/engineer: 5% (first time on list)
10. Skilled Trades/construction: 5% (-3% from May)

The full results of the Recruiter Index survey can be downloaded HERE

In June this year, the company achieved a major milestone by uplisting to the NASDAQ and announced plans to raise $12 million, now closed, via a public offering.

The company said the money will be invested in sales and marketing efforts for the company’s on-demand recruiting software subscription tools and services, strategic acquisitions and related expenses, and general working capital.

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Story by ProactiveInvestors

Source: http://www.proactiveinvestors.com/companies/news/954266/recruitercom-group-says-latest-survey-shows-high-recruiter-confidence-but-potential-talent-shortages-954266.html