From May to June, job openings fell by 605,000 — one of the sharpest declines on record. Despite this decline, openings remain near all-time highs and were 50% greater in June 2022 than prior to the pandemic. Economywide, hiring remains a significant challenge. With only one hire made per every 1.7 openings, the vacancy yield […]
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In the continuing rise of platforms, the global market for temporary staffing platforms grew 190% in 2021 from 2020. Interest in direct sourcing has increased substantially in recent years, with 84% of buyers participating in our 2022 Workforce Solutions Buyer Survey reporting they have a direct sourcing program in place or expect to explore such […]
According to recent data from the US Bureau of Labor Statistics, the Great Resignation continues with little sign of slowing. At 2.9% in February, the quit rate remains near all-time highs while the unemployment rate, at 3.6% in March, is at historic lows.
In many industries, hiring is incredibly challenging. In this environment, it is critical […]