Recruitics Talent Market Index: Hiring Competition Eases in February, Creating Opportunities for Employers | PR Newswire [Video]

Year-Over-Year Price Increases Remain Significant, Highlighting the Importance of Agile Hiring Strategies

, /PRNewswire-PRWeb/ — Recruitics, a leader in recruitment marketing and AI-driven analytics, today released its latest Talent Market Index, offering valuable insights into hiring prices and labor market dynamics. The February report reflects a labor market in flux, shaped by seasonal hiring trends pushing down talent acquisition prices on a month-over-month basis, but persistently high prices year-over-year. While the data indicates longer-term labor market challenges are likely to persist due to ongoing labor shortages, there is an opportunity for businesses to hire more affordably across sectors compared to January.

For businesses that took a wait-and-see approach, these talent acquisition price drops could present a strategic hiring window. This reinforces why it’s more critical than ever to monitor and optimize recruitment strategies to account for trends in the labor market. – Adam Stafford, CEO, Recruitics

Despite month-over-month declines across all sectors tracked, year-over-year …