WALTHAM, Mass.--(BUSINESS WIRE)--Employ Inc., the parent company of JazzHR, Lever, Jobvite, and NXTThing RPO, today published its first Quarterly Insights Report, Staying the Course In a Challenging Labor Market, designed to provide unique insights and in-depth analysis on hiring trends compiled from employer and job seeker activity across Employ’s 18,000 customers.
Staying the Course In a Challenging Labor Market offers a detailed look at the current state of recruiting and examines how companies should optimize recruiting efforts during one of the most difficult and demanding hiring environments in history.
Despite macroeconomic headwinds driving speculation of a looming recession, key findings reveal that employers continue to face challenges within the tight labor market and encounter significant competition for in-demand talent with little relief in sight.
- Sixty nine percent of recruiters said attracting and hiring talent will be difficult for the remainder of 2022 and more than half believe there is not enough quality talent to fill positions.
- Speed of hiring continues at near record pace, 8% faster than pre-pandemic levels.
- Median number of applicants per job has steadily increased since November 2021 with Employ customers of all sizes and industries receiving an average of 39 applicants per open job in the first 30 days of posting, up 52% year-over-year.
“Companies of all sizes today are grappling with an increasingly complex and unpredictable hiring market, which means prioritizing talent acquisition is more important than ever,” said Allie Kelly, Chief Marketing Officer of Employ. “This new Quarterly Insights Report is derived from the most comprehensive hiring data set at a level that no other organization in the market can provide, offering powerful decision-making insights to help companies remain agile and better suited to respond in these ever-changing times.”
Kelly continued, “Employ’s proprietary research, even more comprehensive with the recent addition of Lever, makes this an exceptionally powerful report. We are thrilled to deliver these insights to our customers.”
The Employ Quarterly Insights Report offers guidance, analysis, and best practices based on the organization’s holistic data set and market research to help employers double down on their commitment to talent acquisition and respond to an unprecedented talent landscape.
The report leverages Employ’s proprietary recruiting data from its 18,000 customers, current industry and labor market data, and findings from a survey of more than 1,200 recruiting and human resources (HR) decision makers conducted by Zogby Analytics in June 2022.
For more findings and a strategic review of the current labor market, download the Employ Quarterly Insights Report: Staying the Course In a Challenging Labor Market. For more information on Employ, visit www.employinc.com.
About Employ Inc.
Employ Inc. empowers organizations of all sizes to overcome their greatest recruiting and talent acquisition challenges. Offering a combination of purpose-built, intelligent technologies, services, and industry expertise, Employ provides SMB to global enterprises with a single solution for recruiting and growing a diverse workforce. Through its JazzHR, Lever, Jobvite, and NXTThing RPO brands, Employ serves more than 18,000 customers across industries. For more information, visit www.employinc.com.