Shares insights on the labor market and hiring demand

NEW YORK, NY / ACCESSWIRE / August 9, 2022 / 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 July 2022.

After two months of being on a downward trend, candidate sentiment, the measure of how open candidates are to new jobs, increased this month to 3.5/5, reaching the highest level of the year. Recruiter sentiment, the measure of how recruiters feel about the job market, also increased to 3.4 / 5 in July.

While the average number of roles recruiters are working on held steady at 16 in July, most recruiters noted an increase in applicant volume. Nearly half (46 percent) of the recruiters surveyed reported an increase, jumping 77 percent since June.

When asked how many jobs, on average, candidates have had over the past two years, 49 percent of recruiters said candidates have had two jobs, and 29 percent have had three jobs.

After months of being the runner-up to compensation, management is now the number one reason employees are leaving their current job. Following management was compensation (31 percent) and benefits (17 percent), which increased 240 percent since June.

Compensation (26 percent) remained the number one priority for candidates looking for a new position. Following compensation was remote work (20 percent) and work/life balance (19 percent).

Although in-person roles (40 percent) witnessed a slight decrease this month, they still are dominant over hybrid (27 percent) and fully remote roles (37 percent) this month.

The most in-demand industries witnessed a significant reshuffling this month, with 28 percent of recruiters naming automotive the most in-demand industry. After four months of being the most demand industry, IT has dipped 67 percent since June, ranking number five.

"At the beginning of the year, the IT space was really driving the most demand out of recruiters. That has really shifted this past month to automotive, apparel, architecture, and business services," explained Sohn on CNBC's "The Exchange."

When recruiters were asked what roles they see the most demand for, the top 10 recruiting roles included:

1. Automotive: 28% (+22% from June)
2. Apparel/Fashion: 22% (+18% from June)
3. Architecture/Engineering: 20% (+5% from June)
4. Accounting/Auditing: 17% (+5% from June)
5. Business Services: 17% (+11% from June)
6. IT/Software Engineering: 13% (-26% from June)
7. Recruiting/Staffing: 10% (-18% from June)
8. Medical/Healthcare: 9% (-14% from June)
9. Hospitality: 8% (+5% from June)
10. Sales: 5% (-4% from June)

The next Recruiter Index survey can be found here.

About Recruiter.com Group, Inc.

Recruiter.com is an on-demand recruiting platform providing flexible talent acquisition solutions that scale from startups to the Fortune 100. With an on-tap network of thousands of recruiting professionals, advanced artificial intelligence sourcing software, and recruitment marketing automation, Recruiter.com helps businesses solve today's complex hiring challenges.

For investor information, visit https://investors.recruiter.com

Please follow social media channels for additional updates:

• LinkedIn Recruiter Network Group: https://www.linkedin.com/groups/42370/
• LinkedIn Company Page: https://www.linkedin.com/company/1240434
• 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 "predict" "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, 2021. 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.