New iCIMS Data Reveals EMEA Candidates and Employers Do Not See Eye-to-Eye Amidst Looming Economic Challenges

The iCIMS report delves into EMEA labour market data and trends for the first time, highlighting challenges and opportunities for the workforce

LONDON [March 14] – iCIMS, a leading provider of talent acquisition (TA) technology, released the iCIMS Insights March Workforce Report, revealing that while EMEA applicants are hungry for new opportunities, employers are a bit more cautious. The strategic leader in TA, according to Fosway Group, that supports ~20% of the Global 500 analysed the latest global labour market trends from its database of millions of platform users. The new report found that EMEA application volume remained high in February, up 43% from January 2023. However, hires dipped 14% in the same time, a possible result of economic challenges on the horizon in the region.

“iCIMS has the insight that global talent acquisition teams need to understand the talent landscape and make smarter, more-informed hiring decisions,” said Eric Gellé, SVP of EMEA. “Hiring a global workforce comes with many challenges, but data like this can be a game changer for organisations as they map out their strategies to succeed in this ever-changing economic environment.”

Additional findings from the report include:

• Openings hold steady. While job offers dropped, EMEA employers have opened new jobs at a steady pace with openings in February remaining flat month-over-month and declining by just 4% from the start of last year.
• Employers are in the driver’s seat. The balance of power has shifted away from candidates as applicants per opening (APO) in EMEA boomed to 43 in February, which is 44% higher than in February 2023.
• Candidates are flooding the market. As applications began to roll into EMEA pipelines at the start of the year, employers felt the weight as time to fill (TTF) a role in EMEA jumped to almost 8 weeks. In February, TTF dropped almost a week to 49 days.
• Women comprise majority of EMEA applicants. In February, job applicants were split equally (50/50) by gender globally. In fact, in EMEA, females made up 52% of completed applications while males accounted for 48% of completed applications.
• LinkedIn takes the crown in EMEA. LinkedIn pulled in 62% of EMEA applicants over other job boards in February, among iCIMS customers.

Download the March Workforce Report for deeper insight into the state of the labour market and EMEA trends to achieve hiring success through data-driven strategies.

Learn more about iCIMS and how it empowers customers including SoftwareONE, Kingfisher and Expleo to hire and retain great teams by visiting the booth at RecFest in Knebworth this July, where iCIMS be a headline sponsor.