Recruitics Launches Innovative Talent Market Index to Offer New
Data-Driven Insights into Shifting Jobs Market and Talent
Acquisition Landscape
NEW
YORK, May 16, 2024 /PRNewswire-PRWeb/ --
Recruitics, a leading provider of data-driven recruitment marketing
solutions, is proud to announce the launch of its groundbreaking
Talent Market Index™, designed to provide unparalleled insight into
talent acquisition costs across various industries.
"With the release of this index, we're
thrilled to give our customers a new data signal that can help
shape talent acquisition and business strategy based on real-time
insight into the shifting dynamics of the talent market." -
Adam Stafford, CEO of
Recruitics
The Recruitics Talent Market Index tracks the fluctuating price
of attracting talent through paid advertising across a diverse
range of media channels. These prices are indicative of the
competitiveness in marketplace environments where employers vie for
the attention of top talent.
Unlike traditional employment metrics, such as those found in
the Bureau of Labor Statistics (BLS) monthly jobs report or job
posting data from employment websites and similar platforms, the
Recruitics Talent Market Index offers a unique new lens into the
job market that accounts for employers' willingness to invest in
paid advertising for open jobs.
Rooted in billions of data points spanning organizations of all
sizes across diverse verticals, and derived from observed
advertising campaign metrics such as cost-per-click (CPC) and
cost-per-application (CPA), Recruitics' Talent Market Index
provides a more accurate and current assessment of employer demand
and job seeker supply than existing measures.
One of the key advantages of the Talent Market Index is its
ability to reflect true underlying demand for talent as indicated
by the shifting market prices paid to attract talent in specific
job families over time, regardless of the volume of jobs posted at
any given moment.
"We're excited to introduce the Recruitics Talent Market Index
as an integral component in our data and AI-powered talent
attraction and conversion platform," said Adam Stafford, CEO of Recruitics. "Our new index
offers a unique perspective to a data-hungry market in talent
acquisition analytics and U.S. labor market intelligence by
focusing on how prices paid for actual applications are trending.
With the release of this index, we're thrilled to give our
customers a new data signal that can help shape talent acquisition
and business strategy based on real-time insight into the shifting
dynamics of the talent market."
The Recruitics Talent Market Index serves as a complement to
traditional economic indicators like the BLS jobs report and ADP
payroll data. By offering real-time insight and a two-sided
marketplace perspective, it completes a comprehensive view of
supply and demand dynamics in the employment space.
Recruitics' Talent Market Index is poised to become a go-to
resource for HR leaders, economists, and analysts seeking to gain
deeper insights into the evolving job market.
For more information about the Recruitics Talent Market Index
and to access the latest insights, visit
https://www.recruitics.com/labor-market-index.
About Recruitics
Recruitics delivered the first programmatic job advertising
solution and continues to pioneer category-defining technology for
end-to-end talent attraction, conversion, and analytics. Recruitics
puts AI-powered tools and data into the hands of industry-leading
strategists to improve hiring outcomes for talent acquisition teams
worldwide. With a best-in-class platform and a commitment to
continuous innovation, Recruitics makes it easy for the world's
leading companies to attract and hire exceptional talent.
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Media Contact
Marketing, Recruitics, 1 8774108004, info@recruitics.com,
recruitics.com
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SOURCE Recruitics