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Learn moreNew iCIMS report reveals that while employer activity is slowing in industries impacted by consumer holiday spending, job seeker interest remains strong heading into peak shopping season
Holmdel, N.J. [Oct. 12] – iCIMS, a leading provider of talent acquisition technology, today released the iCIMS Insights October Workforce Report, revealing hirings and job openings in retail and transportation industries are down, despite these employers preparing for what is historically their busiest season of the year. The new data found that hires and openings in retail have decreased by 12% and 25%, respectively, from this time last year, while the transportation sector saw declines of 22% and 2%.
Drawn from its proprietary database of employer and job seeker activity, the new report indicates that, while employers in these industries are tapping the brakes on massive seasonal hiring, applications for these roles remain high, creating a more competitive market for job seekers. Whether this trend points to a cooling economy, the impact of rising retention rates or the start of an end-of-year slowdown for the labor market has yet to be determined.
“In two years, we’ve seen a shift in these industries from hiring teams looking for warm bodies to fill roles to an influx in applicants,” said Rhea Moss, global head of workforce and customer insights, iCIMS. “There’s a lot less pressure now to hire just anyone and teams have the chance to be a little more tactical in their hiring as they approach their busy season.”
The state of the talent market
Holiday Hiring Trends
To attract the best talent this holiday season, companies like PSA Airlines are getting their fleet ready faster by pre-screening candidates with video interviewing software and texting them within 24 hours of application completion to follow up for an interview. Retailers like Target are utilizing employee-generated videos as they look to hire 100,000 seasonal workers this year, helping to attract top talent and build a steady pipeline of new employees for the upcoming shopping season.
Download the iCIMS Insights October Workforce Report for a deeper look into holiday hiring and the state of the labor market, 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.