How’s the recruiting gold rush going to end?
1 min read | Chime in on LinkedIn here
I think about these numbers a lot:
Recruiter average salaries +37% Q1 to Q3 2021 ($86k to $118k)
Remote recruiter hiring: 50% Q2 2021 to 95% Q3 2021
I don’t think there’s a “go back to normal” after this.
Even then “The Great Resignation” sputters out, the paradigm shift is too great.
A few things will be permanent:
1. There’s more fluidity in job markets. Remote isn’t just a trendy work culture piece. It’s a permanent gateway for literally everyone to have more opportunities.
Everyone in your company will have more options to leave now than they did pre-pandemic. Forever.
2. The smart money will keep doubling down on ‘pandemic proof’ investments. Tech companies and all the tech-forward jobs that go with it. Not just devs but all the sales, marketing, ops, etc, that go with it.
High demand skill set openings aren’t just backfills, they’re net new. And when there’s no “inventory” available (yes I mean people), what are your options?
Train or Poach.
And it drives me to two conclusions:
👉Recruiting tech finally has a driver for real innovation.
Let’s face it, the reason why its lagged behind it because “throw another recruiter at it” was an easy solve. But that’s clearly not sustainable.
And literally can’t happen now.
👉Contingent recruiting’s inefficiencies are painfully obvious. Anyone smart will get out of that business.
The entire recruiting profession is operating at max capacity. Who in their right mind will continue to spend half their time on business that isn’t real?
And companies who need to supplement during spikes? They need affordable solutions at massive scale.
Innovative and dedicated models (like Hirewell’s On-Demand Recruiting - cheap plug!) will become even more popular.
And necessary.
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