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Submission: On November 18 via manual from SG — Scanned from DE
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Email Address View Past Issues The State of Recruiting (and a Free Review) Trouble viewing this email? View in browser Hi Christopher, Can you believe we are rapidly approaching the end of 2021? As we close out this year and move forward to 2022, I thought it would be a good time to share some of the critical trends we are seeing in recruiting. Inflation is not just affecting your food and gas prices. Not surprisingly, wages have increased by 4.6% in the past 12 months. The labor force participation rate is down 1.7% since before the pandemic – retirements, child care, less immigration, the rise of the gig economy, COVID fears, and other factors resulted in millions of people leaving the workforce. And it’s not just wages. The cost of job ads appears to be skyrocketing! Supply and demand never lose. With more open jobs than unemployed workers, the cost to acquire candidates skyrockets. Job slot prices are doubling or tripling. Minimum bids on job boards are jumping up every quarter. We’re spending more to get the same (or worse) results – not good! But the answer isn’t just “spend more money” – the answer is “spend your money smarter!” Could the calvary return in January? All is not lost. According to a recent article published by Goldman Sachs, they see trends that will help our candidate shortfall as we turn the page on 2021: * Job vacancies will normalize to pre-pandemic levels – with unemployment trending toward 3.5% by the end of 2022. * What will cause it? Savings running out, immigration increase, retirements slowing down, child-care burdens easing. * Workers are returning to their same industry as pre-pandemic, so not all of them are switching! Schedule a recruitment marketing review. We always tell our clients there is no “silver bullet” that will magically solve their recruiting challenges. But there ARE a lot of little things you can do that will add up to big results for your company. I’d like to offer you a free recruitment marketing review. We’ll look at your hiring challenges, review your current recruitment marketing, and provide specific ideas to help you attract more—and higher quality—talent. If you’re interested in scheduling time before year-end, call us at 1.888.696.2900 or email info@haleymarketing.com and let us know! Regards, David David Searns Co-CEO Haley Marketing | 1.888.696.2900 | www.haleymarketing.com P.S. Want more ideas (and examples) of recruitment marketing? Check out the case studies and educational resources on our website: www.recruitmentmarketers.com. Haley Marketing | PO Box 410 | Williamsville, NY 14231-0410 | 716-631-8981 Update my info Unsubscribe