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Learn moreStreamline your tech stack and take advantage of a better user experience and stronger data governance with ADP and the iCIMS Talent Cloud.
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Learn moreHOLMDEL, N.J. [September 6, 2018] – Job openings increased by 11 percent and hires increased by 2 percent in August 2018, on a seasonally adjusted basis, according to the Monthly Hiring Indicator (MHI) produced by iCIMS Inc., a leading provider of cloud-based talent acquisition solutions.
The MHI is based on iCIMS data, which measures user activity within its platform. After netting out layoffs, quits, and other separations, hiring figures translate directly into payroll growth, and openings translate into future hires. Drawing on a database of more than 75 million applications and one million jobs posted per quarter by more than 3,500 customers, iCIMS publishes monthly sets of statistics on hiring activity.
August 2018 Report Highlights
“The August numbers from our Monthly Hiring Indicator reinforce the message that labor demand remains very strong,” said Josh Wright, chief economist at iCIMS. “With a robust near-term economic outlook and a labor market already grown tight, employers will continue to face pressure to innovate and compete for workers.”
About the iCIMS Monthly Hiring Indicator (MHI) Methodology:
The iCIMS Monthly Hiring Indicator (MHI) measures job openings and new hires, based on iCIMS system data, which is generated by user activity within our platform. iCIMS processes more than one million jobs per quarter and 75 million applications per year. While iCIMS supports employers across the globe, the MHI is based on U.S. hiring activity only. The figures present both indexes of hiring activity and their month-over-month percentage change, using a fixed panel of customers. To facilitate comparison with benchmark data from the Bureau of Labor Statistics, iCIMS publishes its indexes both with and without seasonal adjustments. To learn more about iCIMS’ MHI and the methodology visit iCIMS Hiring Insights.
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.