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Pay and Demand on the Uptick for Corporates Recruiters

Pay and Demand on the Uptick for Corporates Recruiters
From Recruiter - August 8, 2017

With the national unemployment rate holding fairly steady around 4.3 percent, its often said that candidates hold all the power in todays job market as skills gaps spin out of control and disruptive technologies change where and how we work. Nobody understands this candidate-empowering environment better than corporate recruiters.

So what happens when the recruiters themselves are the job candidates? Businesses need recruiters, and recruiters know it. As such, corporate recruiters not only find themselves in high demand, but they also find their paychecks steadily increasing. Recruiters saw 7.4 percent year-over-year pay gains in May 2017, according to a Glassdoor report.

Who Recruits the Recruiter?

Numerous verticalstechnology, manufacturing, trucking, and healthcare, to name a fewsuffer from talent shortages that could, in the long term, affect their ability to meet demand and continue to grow. As those talent gaps get bigger, companies start relying more heavily on recruiters to help them stave off shortages.

Great recruiters know how to find and entice the right candidates for open positions, says Andrew Chamberlain, chief economist for Glassdoor. It is something of an art. Having an eye for screening candidates and good judgment about who will or will not work for a position is becoming an increasingly valuable skill in a tight labor market.

This unique skill set is one that many hiring managers dont have time to fully develop themselves, given all their other responsibilities. Thus, manyhiring managers rely on in-house or third-party recruiters to narrow down the candidate pool for them. Sectors that face shortages in talent will only need more help fromrecruiters in the future.

The labor market is red hot, and we dont see signs of it slowing, Chamberlain says. I expect the pay for recruiters to continue to climb as employers look to fill open positions.

But when the talent shortage is, in fact, ashortage of recruiters, where do companies turn? The following tips will help you successfully bring new recruitment staff on board:



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