As a global leader in the provision of interim in-house Corporate Recruiters, we have a unique insight into international market rates, demand, and trends. We are delighted to bring you our updated International Market Rates report for October 2022.
To access the full report, click here to request access via this link.
We have summarised some of the key takeaways here.
The report covers market rates for corporate recruiters, demand, and trends in the four countries in which we operate – the UK, Netherlands, Switzerland, and Australia as well as an overall global outlook for Talent Acquisition.
Global Demand
The global demand for in-house corporate recruiters remains high, despite looming recessions, inflation, upward pressure on interest rates, and conflict in Europe. We are seeing high demand for recruiters in the United States, the UK, and Australia but there has been some softening in Europe. The demand for multilingual corporate recruiters continues to grow in line with remote working and the ‘locational flexibility’ of talent. This is one of our specialties so do get in touch if you require recruiters with specific languages.
UK
According to LinkedIn, there are significantly more advertised jobs than people who are seeking employment in the UK. This means that the demand for competent, experienced in-house recruiters has never been higher. In the UK, at the time of writing, some 20,000 recruiter vacancies were available on LinkedIn, notably for permanent appointments as distinct from contract/interim recruitment assignments. We believe the demand for interim corporate recruiters (and demand for short term assignments) will increase if IR35 legislation is indeed repealed next year.
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Netherlands
The Netherlands (and Amsterdam in particular) continues to be one of the key ‘locations of choice’ for US companies’ European headquarters. There has been a softening of the employment market during September 2022. In comparison to recruiter vacancies in the UK, we note a much more modest 1000 vacancies currently advertised on LinkedIn.
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Australia
Australia had its first increase in unemployment in ten months, to 3.5%. However, it is expected to decline to 3.25% in late 2022. The use of interim recruiters in Australia is less prevalent than in Europe or the US. However, many ASEAN companies have headquarters in Australia, and we anticipate the demand for interim in-house recruiters to grow.
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Switzerland
The Swiss unemployment rate stood at 2% in August 2022 – this was the lowest rate since November 2001. We have not seen any evidence of a slowdown in recruitment or business planning in Switzerland this quarter. Indeed, competition for candidates remains fierce, with some candidates securing multiple job offers.
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We will be updating the report quarterly. To be among the first to see our findings, connect with us on LinkedIn.
Our opinions and rates quoted should not be relied upon exclusively – please do get in touch to discuss your specific requirements.