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The Recruiting Worx

Top Challenge for Recruiters? Competition from Other Employers

October 24, 2024

The Recruiting Worx

Top Challenge for Recruiters? Competition from Other Employers

October 24, 2024

Photo by Cytonn Photography on Unsplash

Employ Inc., a leading provider of people-first recruiting and talent acquisition solutions, has released its latest Recruiter Nation Report. The annual report, titled “Empowering People-First Recruiting,” leverages findings from a survey of more than 1,200 talent acquisition decision makers and recruiters in North America and proprietary recruiting data from more than 22,000 Employ customers. The report provides key insights into the current state of talent acquisition, top challenges, and where future investments should be made to scale recruiting efforts and influence outcomes.  

The most significant challenges recruiters face today were shared by one-third of respondents: competition for talent from other employers (37% in 2024 versus 30% in 2023), not enough people to fill open positions (33% in 2024 versus 3% in 2023), and too many candidates applying for open positions (26% in 2024 versus 24% in 2023).

TA decision-makers also indicated not being able to offer remote or hybrid work (22%), poor communication from candidates in the hiring process (21%), and not being able to compete on salary requirements (20%) as top challenges their companies face when hiring.

“Businesses have responded to market challenges through strategic investments made to enhance hiring processes and focus on flexibility, scalability and speed,” says Steve Cox, CEO of Employ. “Employ data shows that 64% of businesses expect to increase their recruiting budgets in the next 12 months, with 64% of that group expected to increase investments in new recruitment technology processes specifically.”

Cox adds, “The challenge is not only finding candidates fast but also finding qualified candidates and meeting them where they are. Whether you’re exploring the use of AI or improving your reporting capabilities, putting candidates and their needs at the center of your hiring process will be critical. When choosing where to invest, look for a solution that solves current and evolving needs and also one that puts people first.”

Read full article here

Employ Inc., a leading provider of people-first recruiting and talent acquisition solutions, has released its latest Recruiter Nation Report
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