Finding the best talent first is crucial, now more than ever before.
Our new and refreshed external search tool Source allows you to do exactly that. It enables you to search across multiple external talent databases simultaneously directly from Bullhorn, and save relevant candidate profiles into your own database.
Keen to see this in action? Sign up for one of our free demonstrations by Hope Nattell, Sales Manager at Textkernel.
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The struggle to fill the talent pipeline has continued ever since the global pandemic struck!
As if that weren’t enough, we now are struggling to fill the roles of those team members that can help us recruit needed talent.
New data from Textkernel’s Jobfeed, the labor market data resource for HR and recruiters, shows that the United States is in dire need of people with these skill sets. In fact, as of Q3 in 2021, direct employers had a 123% increase in recruiter job listings over a three-year period; staffing or recruitment agencies saw a 131% increase in recruiter positions over the same period.
Staffing Agencies and Direct Employers Alike
As of November 2021, there were more than 206,000 corporate recruiter positions available. The greatest concentrations were in the professional, scientific, and technical services industries, with nearly 38,000 jobs listed, or 18% of the total. Not surprisingly, transportation and warehousing recruitment positions were next in line, with almost 21,000 openings, or 10% of the total number of listings.
The top three corporations with the most recruiter positions open were:
Staffing and recruitment agencies also illuminated the tight market by listing more than 171,000 recruiter roles as open as of November 2021. The three agencies with the greatest number of vacancies for recruiters were:
By the numbers, it’s clear that the states with the greatest populations have the greatest number of openings. But these are also the states with the greatest concentration of workers in the top markets: professional/scientific/technical and transportation/warehousing.
Figure 3: Recruiter Demand Per State
California led the country with the most recruiter job listings, at 26,800. Of those, 16,630 were direct employers and 10,150 were for agency roles.
Texas and New York were next in line, with 21,200 and 19,800 total recruiter openings respectively.
Direct employers in Texas had 12,800 recruiter roles posted; New York had 12,700. Agencies in Texas listed 8430 talent agents and New York agencies listed 7100.
Skills in Demand
As recruiters know, keywords are key to identifying the perfect match for a role. It’s no wonder then that the word recruitment was used 55% of the time as skills required in the job description for direct employment roles. Human Resources, on the other hand, was used only 23% of the time, indicating that perhaps corporate hiring might be happy to poach from those with agency experience.
A similar percentage was seen in the percentages of word choice by agencies, with recruitment used 52% of the time, and Human Resources used only 18% of the time. Certain skills, such as sales and customer service, lend themselves more to agency recruiters than to corporate recruiters.
Strong communication skills remain the most sought-after traits for recruiters. The following top ten soft skills are required by those hiring:
|Attention to Detail||18%||15%|
As we compare skills required by recruiting firms versus direct employers, strategic thinking appears to be a skill that seems to be much more important for recruiters at direct employers. This differential is also seen in demand for leadership skills and organizational commitment.
High Demand, Across the Board
Demand for recruiters is happening at scale, across industries, and around the world, according to LinkedIn. In fact, job postings for recruiters on LinkedIn have steadily increased since the beginning of the year and have surpassed pre-pandemic levels.
Because the pace is fast and the demand is high, corporations and agencies alike are increasingly looking for experienced talent. There is little time to get those with less expertise up to speed, as there are so many jobs to be filled.LinkedIn states that before COVID only one-third of recruiters were coming from other recruiting roles; since COVID, that share has jumped to 59%.
Whether the recruiter specializes in hospitality, where there were 5,456 recruiter positions open in the US, or in technology/professional services, where there were 37,828 recruiter roles to be filled, it’s obvious that recruiters are in the catbird seat just as candidates are in any field.
High Demand, Across the Ocean
Textkernel has also gathered and analyzed data about the increased need for recruiters in the UK. The increase in available positions, as a year-over-year percentage, was even greater than that of the US but disproportionately higher for agency recruiters. Corporate/direct hire saw a 309% increase in recruiter position postings between 2019 and 2021; Agency listings increased by 513% in the same period.
Location no longer is the driver. Whether the organization is in the US or the UK, in Massachusetts or Manchester, Textkernel will be watching and reporting on trends in the industry.
Recruiting Recruiters: Looking Forward
There is currently no indication that the tight labor market will loosen up significantly in 2022. Certain economic pressures, such as from the expected rise in interest rates, may dampen some growth, yet job expansion will be offset by continued baby boomer retirement, upskilling needs, and global competition.
Staffing firms and direct employers alike will be using the restricted pool of applicants more intensively. Applicants that have applied for one specific job, for example, could also be matched on other open jobs at the same organization. Some large corporations and staffing agencies find that the numbers alone require greater process automation.
Remote workers may help the savvy company fill its open positions. But equally important will be the need to focus more on retaining existing staff and identifying internal candidates more frequently. Additionally, greater attention will need to be paid to those who have been recruited, assuring their commitment with pre-onboarding and regular communication.
Amsterdam, 30 November 2021 – Textkernel, backed by strategic software investor Main Capital Partners (“Main”), has further strengthened its position as a global leader of search and match technology through the add-on acquisition of US-based AI company Sovren.
Sovren, which delivers a similar product suite, predominantly within the North American market, is based in Texas, USA. The combination of both companies creates a market leading player in the AI-based search and match technology space. This seamlessly fits into Textkernel’s mission to connect people and jobs, better.
With this strategic step, Textkernel continues its exciting growth trajectory and strengthens its North American and APAC footprint. Both Textkernel and Sovren have achieved impressive growth in recent years, both inside and outside the USA. After joining forces with Sovren, Textkernel serves over 2,500 clients including some of the largest staffing companies worldwide, working from offices in The Netherlands, USA, France and Germany.
Connecting People and Jobs, Better
“With the acquisition of Sovren, Textkernel enters into a very exciting next phase of its 20 year anniversary as a truly global AI technology leader for talent acquisition and management. Since our inception as an R&D-focused company 20 years ago, Textkernel has aspired to help people and jobs connect better.”
With the acquisition of Sovren, Textkernel is one step closer to creating an AI platform which makes all talent and labour market data meaningful, actionable and globally accessible for everyone.Gerard Mulder, CEO of Textkernel
Robert Ruff, CEO of Sovren, added: ‘I am thrilled to have found the best possible company to join forces with Sovren. This acquisition ensures continuity for our employees, our customers, and our products. I believe the Sovren customers can immediately benefit from the strong knowledge and functionality of Textkernel around classifications on skills, professions and semantic enrichments for better search and match results.’
Pieter van Bodegraven, Managing Partner Benelux at Main Capital and Chairman of the Supervisory Board of Textkernel, commented: ‘We expect to become more active in the United States in the short to medium term. This is a very exciting moment for Main as we see great potential for many of our European platforms to rollout operations in the USA through buy-and-build strategies.’
Textkernel is the international leader in Artificial Intelligence (AI), Machine Learning and Semantic Technology for matching people and jobs. Textkernel enables thousands of recruitment and staffing agencies, employers, job boards, HR software vendors and outplacement and redeployment agencies worldwide to work smarter and more effectively by creating efficiencies in the HR and recruitment process. Textkernel is headquartered in Amsterdam, with operations in Germany, France, UK and USA. Including Sovren, the group employs ca.140 people. In November 2021, Textkernel took first place in the Main Software 50 ranking, for most successful software companies in the Netherlands.
Main Capital Partners
Main Capital Partners is a leading software investor in the Benelux, DACH and the Nordics. Main has almost 20 years of experience in strengthening software companies and works closely together with management teams of its portfolio companies as a strategic partner, in order to realise sustainable growth and build excellent software groups. Main counts over 45 employees and has offices in The Hague, Stockholm, and Düsseldorf. In October 2021 Main has over 2.2 billion euros under management and invested in more than 120 software companies. These companies create jobs for approximately 4,000 employees.
Sovren Inc. is a globally leading software developer of enterprise-grade resume/CV parsing and semantic matching / artificial intelligence matching (AIM) technology. Sovren serves a customer base that spans over 1,000 staffing and recruitment agencies, HR software vendors, job boards and large corporations. Sovren’s broad suite of intuitive, accurate and highly efficient recruitment solutions are used by customers across the globe in more than 70 countries. The company is led by its founder and President Robert Ruff and all employees operate out of the United States.