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Learn moreHOLMDEL, N.J. [December 4, 2018] – Job openings increased by five percent (from an index value of 145 to 151) and hires were little changed, after declining less than 0.1 percent (from an index value of 130.9 to 130.7) in November 2018, on a seasonally adjusted basis, according to the Monthly Hiring Indicator (MHI) published by iCIMS, a leading provider of cloud-based talent acquisition solutions.
The MHI is based on iCIMS data, which measures recruiter activity with its database of more than 75 million applications and four million hires per year by more than 4,000 employers. After netting out layoffs, quits, and other separations, hiring figures translate directly into payroll growth, and openings translate into future hires.
November 2018 Report Highlights
“With accelerating difficulties in filling positions, we’re going to see pressure keep rising on both wage and non-wage labor expenses,” said Josh Wright, chief economist at iCIMS. “Employers will increase their investment in not only business automation and outsourcing, but also training for less-qualified workers and novel recruiting technologies like texting and chatbots. In a job seeker’s market like this one, companies should also put together retention plans for crucial roles. An ounce of prevention is worth a pound of cure.”
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 hires 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. The MHI was recognized as a bronze winner in the ‘2018 Best New Service of the Year’ by the Best in Biz Awards. This awards program is judged by prominent editors and reporters from top-tier publications including the Associated Press, The Wall Street Journal and The New York Times. 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.