Survey shares opinions of over 1,500 hiring managers and c-suite executives
The Greenhouse Hiring Manager Report has revealed that 75% of respondents expect hiring to become even more challenging for the remainder of 2022.
Interestingly, 84% of hiring managers are experiencing burnout due to the tight job market. The survey also found that over three-quarters of hiring managers believe that candidates are more demanding in terms of the benefits they expect, leaving companies to play catch-up.
- The primary contributors to increased stress levels in hiring managers are:
sourcing the right talent (41%)
- candidate drop-offs due to competing compensation packages (26%)
- an unstructured, ineffective hiring process (16%)
There was positive news for employees with the results showing that 74% of companies plan to give staff salary increases this year. Most respondents attributed company performance (36%) to this, however, a significant number (21%) also cited the impact that inflation or the general rise in the cost of living is having on wages and employee demands.
Figures from the report show that 54% of companies will increase salaries by at least 10% this year, while 15% of companies are expecting to increase their salaries by at least 20%.
We’ve reported that the number of scams linked to holiday bookings up by a third over the last year.