CONFIDENT OR CAUTIOUS

If that’s not complicated enough, companies are also dealing with the recruitment decisions made during COVID. Hiring slowed in travel, hospitality, and automotive as those industries saw massive drops in demand. In contrast, logistics, technology, and online retail companies boomed, with many businesses rapidly hiring in an effort to outpace their competition and cope with growing consumer demand.

High-profile layoffs in tech indicate that companies are adjusting head counts to the post-pandemic economy, while other industries recovering from the pandemic have begun ramping up hiring. They’re using today’s uncertainty to attract job seekers, especially those recently unemployed. Sixty-five percent of recruiters from Monster’s Future of Work survey admitted they are sometimes unable to fill positions because of a skills gap. The silver lining of layoffs is the opportunity for recruiters to grab the hard-to-find skills they need from the market.