Job reports have been all over the place.
+178,000 jobs added in March
Unemployment at 4.3% (slightly down)
Labor force participation declined
Job growth is being driven by a few key sectors—healthcare, construction, and transportation.
And perhaps most importantly… fewer people are actually participating in the workforce.
So what does this mean if you’re hiring?
1. The market is still tight (even if headlines say otherwise)
Unemployment is low, but that doesn’t mean talent is easy to find.
2. Candidate priorities are shifting
Stability > compensation is becoming more common, especially with ongoing uncertainty.
3. Hiring is becoming more selective—and slower
Companies aren’t necessarily freezing hiring… but they are being more cautious.
If you are a candidate, you have to be prepared for a long interview process and you will need to go above and beyond to get a new position.
Employers, you will need to show prospective candidates that your company is stable and is investing in people as much as technology.
During unstable or uncertain times, reliability and cost are vitally important, which is EXACTLY what our Fractional Recruiter service provides.
What is a Fractional Recruiter?
Our Fractional Recruiter service can support your organization with any and all recruiting services, from sourcing to CRM Management to full-cycle recruiting. We operate as consultants who represent your team, organization, and culture while expanding your candidate pool so you can focus on other tasks.
What does a Fractional Recruiter cost?
Our Fractional Recruiter service costs a “fraction” of a typical recruiting agency fee. The typical fees range from 20-25% (or more) of the first year's salary for every hired candidate. Our average cost per hire is 8.6%. Check out our Cost Calculator!
What does a Fractional Recruiter do?
As your Fractional Recruiter, we can focus on any or all aspects of the recruiting process. Some of our clients only have us source candidates to determine interest level, then pass along contact info and resumes for them to take over. Other clients have us manage full-cycle recruiting, while other clients have us manage their ATS. We are flexible and can mold our support to whatever you need us to do.
What roles can a Fractional Recruiter fill?
At On The Hook Recruiting, our Fractional Recruiter service supports a wide range of hiring needs from high volume (ie: 91 hires per year) to Executive-Level Searches. We have built our team to have exceptional expertise across many industries, including manufacturing, technology, construction, engineering, Non-profit, and more.
How much work will a Fractional Recruiter do?
On The Hook Recruiting supports our clients with a wide range of time commitments. Some of our clients use our Fractional Recruiter Service for 10 hours per week for a few months, until a position is filled. Other clients have used our service at 40+ hours per week for several years and counting. The flexibility we offer can meet any budget or timeframe requirements the client has, with no long-term commitment required.