Online recruitment specialist Recruitment Genius has launched its Recruitment Confidence Index designed to measure and track changes and patterns in the recruitment industry.
The Index monitors the number of jobs advertised by employers on the top 100 job sites, the JobCentre as well as over 500,000 company websites.
Recent data suggests that, over the past two weeks, the number of jobs advertised online has fallen by 11.32 per cent to 28,273.
Recruitment Genius CEO Geoff Newman said: “The number of jobs being advertised, or rather positions being recruited for, is a good indicator of the strength of the economy. The latest figures from our Confidence Index would suggest that we aren’t out of the woods yet as businesses still seem cautious about recruiting. However, these figures do need to be taken into context as seasonal variations, such as those witnessed during school holidays[1], do occur.
“The reality is businesses are still feeling the pinch and the cost of traditional recruitment methods can be simply unaffordable at these difficult times. Recognition of this was a key driver in the development of Recruitment Genius which aims to support businesses by providing a cost effective recruitment solution; essentially for £199 or less organisations are able to fulfil their recruitment needs from the Boardroom down.”
The Recruitment Genius Confidence Index will be published on a monthly basis.
[1] It is currently October half term in England