Apr 18, 2024
“How’s the market treating you?”
With 22 recruiters each speaking to a minimum of 100 candidates/clients on a weekly
basis we are able to build a fairly clear understanding of market sentiment. In the report we reveal the answers our very own recruiters at Precision Sourcing have given in response to the question “How would you describe the market in Q3 2024”?
Current Market Trends
So what is the data showing?
As the Managing Director of Precision Sourcing I track three KPI’s very closely on a weekly basis outside of the financials:
1.New vacancies
2.Vacancy to fill ratio
3.Interviews booked
New vacancies is the key metric to understand market sentiment.
What I can confirm is: In Q3 2024 vacancies are up 19% when compared with the same period in 2023.
Good news?
Yes, but when compared to Q3 2022, vacancies
are down 15%. So based on the data and the view of our hardworking and credible recruiters my take on the
market is that it has improved considerably on 2023 and I am confident that despite some challenges that we are working through, the worst is behind us.
