Main image for post Future of Recruitment – Exciting labor market insights ahead!

For a long time now, the topic of "recruiting" has not been exclusive to HR. It has long since become a C-level priority. The shift from employer to employee market, from unemployment to labor shortage, is too clear.

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Here are some initial exciting and snackable key facts from the global study:

  • Four in ten workers are approached with potential job opportunities monthly or weekly. 74% at least several times a year. The global labor market is running hotter than ever in 2022. Markets like the U.S. and Germany saw record levels of job openings. In the long term, companies should make workforce recruitment and development a key strategic priority, as labor shortage makes the situation even more complex in perspective
  • Globally, as many as 42% of people say they are actively looking for a new job. Almost as many (41%) described themselves as not actively looking but said that they would be open to a job change if presented with a good offer. The crucial question now is: How do they want to be recruited and what job-related conditions are preferred? According to the study, opportunities for career development play a very central role. According to the study, it pays off twice for companies to invest in this area and position themselves well
  • In this context, the question of how employers can stand out during the selection and job search process is particularly exciting. The answer: through a fast and efficient process, say two-thirds of respondents. Openness to negotiation (59%) and time and space to make a decision (49%) are the top criteria for getting job seekers to commit to an offer

These initial highlights already provide insight into what companies can do to ensure their long-term success and set proper incentives. What the future-proof recruiting process looks like, where opportunities – and also stumbling blocks – arise, there is all the important information in the whitepaper from BCG, The Network and StepStone that we offer for download.

Within the next few weeks, StepStone will also publish exclusive articles based on the global survey and provide exciting insights. Why, for example, do people from the USA show the highest job satisfaction and what differences arise for job search behavior in a country comparison? Why does Germany rank behind many other major economies in terms of business start-ups? And what could be reasons why the UK and the US are more open to future recruiting technologies? StepStone answers these questions and more based on its joint research with BCG and The Network.

Speaking of The Network: What actually is The Network and why does The Network deliver global research? The Network is a global alliance of more than 60 leading recruitment platforms committed to finding the best talent in over 130 countries. With the help of its many members, The Network is able to aggregate individual labor market insights into a global comparison, such as for the previous reports in the Decoding Global Talent series.

The Network and our collaborative study are explained in a nutshell in the following video

"At the moment we know that the labor market is pretty tough. Global recruitment has never been as important as it is today. Therefore, it is great that we have The Network."

Kate Kavanagh
Managing Director of The Network

The upcoming articles at a glance:

Job Satisfaction and Job Search in Germany, the UK and the U.S.: Comparing three Labor Markets
How are job satisfaction and job search related? How much do the three countries differ from each other?

Willingness to Start a Business in a Country Comparison
Which countries have the highest or lowest propensity to start a business globally and what could be the reasons for this? In cooperation with the German Start-Up Association, facts and figures on the topic are presented.

Openness for the Recruiting Technologies of the Future
How high is the willingness to use future recruiting technologies in international comparison?