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New report from iCIMS reveals potential effect of waning in-store shopping demand on the retail sector, creating a competitive market for retail job seekers
HOLMDEL, N.J. [July 26, 2023] – iCIMS, the talent cloud company, released the iCIMS Insights July Workforce Report, which showed a downturn in hiring and job openings in the retail sector. This comes mere months ahead of the holiday shopping season and despite job seekers’ seeming optimism in the labor market. Drawn from its proprietary database of employer and job seeker activity, this new data indicates heightened competition between retail job seekers for shrinking retail openings, with applications for these roles significantly higher from this time last year.
“The overall labor market is finally starting to cool down this summer, and we’re seeing an interesting downturn for the retail sector in a time where seasonal hiring typically ramps up,” said Rhea Moss, global head of workforce and customer insights, iCIMS. “By providing exclusive labor market data, we’re helping retailers to get ahead of the curve this upcoming shopping season and find the right candidates to fill their decreased, yet critical roles.”
The state of the talent market
Retail hiring trends
To get in front of on-the-go candidates and avoid getting caught short-handed, retailers need the right hiring tools that can meet the changing demand for in-store shopping. Retail customers are responding to this agile environment with solutions like text and video to prioritize the candidate experience and accelerate hiring. According to the report, a whopping 70% of applicants for retail roles used a mobile device to apply, compared to a little over half of overall applicants in June 2023.
Download the July Insights Report for a deeper look into the retail sector and the state of the labor market, helping to make more informed hiring decisions and drive business forward.
iCIMS is a leading provider of talent acquisition technology that enables organizations everywhere to build winning workforces. For over 20 years, iCIMS has been at the forefront of talent acquisition transformation. iCIMS empowers thousands of organizations worldwide with the right tools to meet their evolving needs across the talent journey and drive business success. Its AI-powered hiring platform is designed to improve efficiency, cut recruiting costs and build exceptional experiences for candidates and recruiters. For more information, visit www.icims.com.