Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.


Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?


Please Try Again {{ error }}

Send my password

An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

What is Causing the High Turnover Rate in the Workplace?

Stockhouse Editorial
2 Comments| March 11, 2022

{{labelSign}}  Favorites

New data has found that many candidates for employment have had an average of three jobs over the past two years.

This comes via the latest Recruiter Index released by recruiting solutions platform (NASDAQ: RCRT, Forum) this week.

Looking at February 2022, the Recruiter Index showed that the job hopper economy is in full swing, with 26% of recruiters reporting that many of the candidates they were looking at have had three jobs over the past two years. This is in addition to a report from the Bureau of Labor Statistics that the “quits” rate for January 2022 stayed 20% above the 2019 average. CEO Evan Sohn told CNBC’s The Exchange, “We are seeing the companies - that are financially able to - instead of making three hires, go make four hires, knowing there's going to be a job hopper among those four.”

Management was the top reason employees are leaving their jobs (35%), with compensation (25%) and remote work (22%) the runners-up.

Candidate sentiment, a measure of how open candidates are to new roles, and the average recruiter sentiment, how recruiters feel about the current job market, both witnessed a decline this past February.

Although recruiters aren't feeling great about the current job market, the number of roles recruiters are working on saw a sharp increase that month, up to 21 from 14 in January.

Top 10 recruiting roles in demand:

10: Sales: 4% (+1% from January)
9: Hospitality: 4% (+3% from January)
8: Medical/Healthcare: 11% (-5% from January)
7: Business Services: 15% (+10% from January)
6: IT/Software Engineering: 18% (+3% from January)
5: Accounting/Auditing: 19% (-1% from January)
4: Recruiting/Staffing: 20% (+9% from January)
3: Apparel/Fashion: 20% (-3% from January)
2: Automotive: 27% (+15% from January)
1: Architecture/engineering: 29% (+6% from January)

A hiring platform for the network of recruiters, works to empower businesses to recruit specialized talent faster with virtual teams of recruiters and AI job-matching technology. Its network of more than 25,000 small and independent recruiters utilizes a web platform, complete with AI-driven job matching, to recruit talent.

RCRT stock was up nearly 7% this week and more than 12% year-to-date, but is down more than 66% since this time, last year.


{{labelSign}}  Favorites


No comments yet. Be first to comment!

Leave a Comment

You must be logged in to be able to post a comment.

Get the latest news and updates from Stockhouse on social media