The Wave Pulse: Q4 2024 Recruitment Trends

The Wave Q4 2024 Recruitment Trends Report highlights a sharp contrast in the recruitment market, with job postings decreasing while applications surged. This imbalance underscores a competitive environment for candidates as opportunities decline, but interest intensifies.

Applications surged by 27%, but job postings dropped by 13%, leading to an average of 47 applications per job. It's a challenging market right now for recruiters with fewer jobs but an abundance of job applications.?

Key Highlights:

?? Jobs Posted: Decreased by 13%, reflecting a tighter market.

?? Applications: Increased by 27%, showing heightened job-seeker activity.

???Avg App/Job: Rose by 23% to reach an impressive 47 applications per job.?

Top Industries:

?? Education: 32% of jobs and 33% of applications received, dominating both metrics.

?? Manufacturing: Led in applications with 33%, highlighting strong engagement.

?? IT & Internet: Showed consistent contributions across jobs and applications. ?

Channel Performance:

????Job Boards: Delivered 89% of applications and 24 applications per job.

?? Websites: Generated 9% of applications with 3 applications per job.

?? Social Media: Accounted for 2% of applications and 6 applications per job.

Wave’s regular reports focus on trends within the industry garnered from our exclusive data. Based on WaveTrackR’s jobs and applications data, you can make sense of the market, use the data to help with your recruitment marketing strategy and guide your clients through their sector’s position within the labour market.