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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.
September 2024 Key Findings
Retail and Transportation Recruitment Prices Rise as the Holiday Season Approaches, but Milder Than Previous Years; IT and Finance Continue to See Surging Talent Attraction Prices along with Demand for Specialized Roles.
Talent attraction prices for IT & Related roles have risen for the second consecutive month, driven by sustained demand for specialized expertise. Finance & Operations recruitment prices have now reached a 33-month high, underscoring the competition for talent in these critical areas. The seasonal spike in Hospitality peaked in June and gradually cooled throughout Q3, as travel and tourism demand returned to more typical levels. Despite this cooling, recruitment prices for Hospitality talent remained significantly higher than last year.
