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The Recruitics Talent Market Index offers a fresh perspective on industry talent supply and demand dynamics. It tracks the fluctuating prices of attracting talent through paid advertising across diverse media channels. By focusing on pricing data, the Index complements traditional labor market metrics like job openings and hiring volume, providing a more precise signal of demand for talent, regardless of job posting volume.
In this Report:
Segment Analysis: Price Increases and Price Declines
2024 Holiday Hiring Season Update
November 2024 Key Findings
Retail Rebounds After Black Friday Boom, Hospitality Heats Up for Winter, and Recruitment Prices Climb Across Sectors
Retail Resurgence: Recruitment prices in the retail sector surged driven by strong Black Friday sales and increased demand for seasonal talent during the holiday shopping season. Hospitality Heating Up: Hospitality recruitment prices soared month-over-month and year-over-year, reflecting a robust recovery fueled by seasonal travel and leisure activity as winter approaches. Broad Market Increases: Recruitment prices rose across nearly all sectors, showcasing intensified competition for talent in key industries.
