May Insights Now Available: Download the Index Report Today
Every month, Recruiter.com surveys over 30,000 independent recruiting and talent acquisition specialists to better understand the talent market. Since April 2020, the Recruiter Index® has consistently predicted the Bureau of Labor Statistics jobs report before it comes out. Key findings from the May 2023 Recruiter Index show decreases in both recruiter and candidate sentiment, a steady average number of roles recruiters are working on, and the top salary range recruiters are currently recruiting for is $80K-$100K.
Job Market Overview
The job market is always evolving, and the Recruiter Index points out these important changes and insights. One change pointed out is the average recruiter sentiment decreased in May from 3.5 to 3.3 matching November 2022 levels. Along with this, the average amount of roles recruiters are working on per month held steady at 12 this May, down from 22 roles in May 2022.
Taking a close look into candidate data, The Recruiter Index shows that candidate sentiment lowered, in-person outpaced hybrid and remote positions and compensation was the number one priority for candidates. In May, candidate sentiment decreased to the lowest point this year from 3.5 to 3.4. Witnessing a 35% increase, half the roles recruiters worked to fill were in-person roles with hybrid positions making up 29% and remote 21% of positions. An increase seen in May was for the number of roles requiring a college degree, by 6%
Along with these data points, 51% of recruiters reported salaries staying the same and 42% of recruiters saw a salary increase. In terms of specific salary ranges, there were increases in the ranges of $40K-$80K (+3 percentage points), $80K-$100K (+5 percentage points), $100K-$150K (+2 percentage points), and $150K-$200K (+1 percentage point).
Active Hiring Industries
Observations from surveyed recruiters revealed industries that had the most hiring activity overall in May. Industries saw a large reshuffle as medical/healthcare moved to the number one spot with 21% of recruiters naming it the most in-demand. Following medical/healthcare was information technology at 17% and sales at 14%
No one knows what’s happening on the ground in the talent market like recruiters, HR, and talent acquisition professionals. In a time of great change, we’re asking for your reports from the front lines. Insights into the job market, candidate trends, and active hiring industries are keys to better understanding the talent market.