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Annual Overview
January 2019
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2 WaveTrackR Annual Report - January 2019
Recruitment Trends
Annual Overview
January 2019
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Contents
05 Executive Summary
06 Introduction
07 Employment Overview
11 Distribution by Industry
13 Distribution by Region
14 Distribution by Platform
16 Advert Length
23 Summary
24 Further Reading
25 About WaveTrackR
26 About Wave
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Introduction
2018 was a good year in the UK for
jobseekers. According to official statistics,
the employment rate reached 75.7%,
which is the highest figure recorded to
date. It was also a year which saw the
lowest unemployment rate of 4% and the
highest average salary increase since 2008.
This was good news for those who were
looking for new job opportunities.
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Jobseekers and Recruiters
return from holidays
Temporary
New Year Construction sector Christmas
New Job picks up jobs
End
of Year
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
GRAPH 1 | Job posting and applications trend throughout the year. Source: WaveTrackR
One of the reasons might be the seasonal influx of graduates in the market. This is
trends within recruitment. followed by a drop in application numbers,
with jobseekers and decision makers in
The beginning of the year seems to be companies going on holiday, slowing down
the most active time for recruitment. An the recruitment process.
urge for change, on both individuals and
companies, pushes people to consider September sees the third peak of the year,
new opportunities, resulting in a job- with candidates and employers coming
hunting peak. The chain reaction caused by back from holiday and more graduates and
individuals moving jobs is new people will be school leavers start looking for new career
needed to refill those positions, raising the opportunities. With a stable trend, as Winter
number of job adverts posted. and Christmas approach, candidate interest
drops with most offers on the market being
In the spring, the numbers start to pick temporary Christmas positions.
up again, with construction work being
in more demand around the UK and the
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IT & Internet Engineering, Utilities Manufacturing
0.00%
0.00%
GRAPH 2 | Jobs posted and applications distribution per industry. Source: WaveTrackR
The machine learning area is becoming a Despite being in high demand, the IT industry
bigger focus for businesses who are turning is one of the sectors that is currently facing
to technology to help them improve their problems placing candidates, with a growing
processes using artificial intelligence. This skills shortage. This means recruiters are
will be an essential aspect for any business in not receiving enough applicants with the
the near future. Today, more recruiters are right experience or qualifications to fill the
using AI in their candidate searching process, vacancies. In such a competitive environment
regardless of the size of the company. for candidates, recruiters need to use better
and smarter strategies, to make their adverts
Cybersecurity jobs are also in high demand. stand out and put in more effort and/or
Fast growing IT development demands a need money in order to attract jobseekers before
for a higher level of digital security. We are they are captured by competitors’ jobs.
living in a world where it’s not only important
to expand technology but more importantly,
to protect users, businesses and their data.
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The South East and
North West receive
the most applications
25.88%
25.25%
17.06%
16.88%
13.58%
13.57%
9.79%
7.40%
6.66%
6.27%
5.40%
4.86%
4.06%
2.02%
1.75%
1.60%
1.12%
1.08%
1.02%
0.82%
0.44%
0.01%
0.01%
South North South London West East Yorkshire Wales East Scotland North Northern
East West West Midlands Midlands Anglia East Ireland
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Distribution by Platform
Job boards are still the number one and CV-Library), job boards are the
platform of choice for recruiters to post number one source of candidates, almost
jobs. With 8.5 million visitors on average guaranteed to get a successful hire for
per site and a combined database of every job posted.
27 million candidates (Reed, Stepstone
Recruitment Websites
5%
Social Media
1%
94%
Recruitment
Websites 5
Average
Application
per Job
10 Job Boards
GRAPH 5 | Average application per job posted per platform. Source: WaveTrackR
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Advert Length
What are the recommendations on how We investigated jobs posted during 2018
long a job advert should be? What should to answer these questions and examine
be included in the copy to make it more the relationship between the length of
interesting for candidates to read and a job advert and the application rate for
click apply? those jobs.
30%
20%
13%
9%
6%
5%
3% 4%
2% 2% 2%
0% 1% 1% 1% 0% 0% 0%
0- 259 - 500 - 750 - 1000 - 1500 - 2000 - 2500 - 3000 - 3500 - 4000 - 4500- 5000 - 5500 - 6000 - 6500 - 7000 - 7500 -
249 499 749 999 1499 1999 2499 2999 3499 3999 4499 4999 5499 5999 6499 6999 7499 7999
GRAPH 6 | Application percentage per job advert lenght in characters. Source: WaveTrackR
According to our data, adverts with 1000 enough details to convince candidates to
-1499 characters (around 142 - 214 words) apply. On the other end of the scale, copy-
received the best performance in the heavy adverts risk losing the candidates
number of received applications. The interest even before they finish reading
application rate was lower for adverts that the entire advert, lowering the chances of
had more or fewer characters, indicating applying.
that too short job adverts might not give
It is also important to make sure your The copy of the advert takes special
advert is optimised for Google For importance for Google, the higher your
Jobs (GFJ). Most job boards are already job ranks the more chances are that
optimised for GFJ, but when it comes to you’ll receive applications coming from
your website there are some steps that Google For Jobs.
need to be taken to make sure jobs on
the website can be found by Google.
FURTHER READING
How to get your website Google For Jobs ready and make sure your jobs
can be found: bit.ly/gfj-wave
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Candidates are
most active between
10am and 6pm
14.6
15
13.6
12 11.5
10.3
9.6
9.3
8.9
9
8.8
8.3
7.9
7.7
7.6
7.2
7.1
6.4
6.4
6.0
6
5.7
5.7
4.8
4.0
4.0
3.9
3.7
3
2.7
2.3
2.1
1.6
1.5
1.3
1.3
0.7
0.6
0.6
0.5
0.5
0.4
0.3
0.3
0.1
0.1
0.1
0.1
0.1
0.0
0.0
0.0
0.0
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
GRAPH 7 | Distribution of jobs posted and applications by time of day. Source: WaveTrackR
Our data showed that candidates seem during the afternoon. Recruiters can use
to be more active between the hours this information to deliver fresh jobs to
of 10am to 6pm, with the greatest candidates at the time they are most
number of applications being around active.
5pm. Jobs, however, are posted mostly
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25%
7%
3%
1% 1%
GRAPH 8 | Distribution of jobs posted and applications by day of the week. Source: WaveTrackR
%
30
25
20
15
10
0
East Anglia East Midlands London North West South East South West West Midlands Yorkshire
21%
20% 20%
19% 19% 19% 19%
18% 18% 18% 18% 18% 18%
16% 16% 16% 16%
14% 14%
13% 13%
9%
8%
6% 6%
3%
2% 2%
Amongst the main job boards, the while Monster breaks the pattern for
pattern of received applications varies. applications over the weekend, registering
Thursday is the most popular day for CV- the most applications for these days.
Library, Monster, TotalJobs and Jobsite,
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22 WaveTrackR Annual Report - January 2019
Summary
The employment situation in the UK is With the skills shortage acknowledged
improving, with the low unemployment in this report, this is a big challenge
rate and an average increase in pay for for the recruitment industry. In such a
people in employment. competitive environment, data-driven
decisions are becoming a crucial factor
In this report, we could see that there is a for success. Knowing when, where, how to
relatively stable trend for job posting over write and post jobs based on factors like
the last 12 months, but the number of industry sector, region or salary can be an
received applications is inconsistent. The essential part of recruiters job advertising
most significant drop in the number of CVs strategies. Following the latest trends,
received was noted in the first quarter of news and recommendations from other
2018, with these numbers stabilising later experts with insight into recruitment data
in the year. and statistics should be something that
all recruiters do. Today’s strategy is more
For a recruiter, being aware, and about tailoring and targeting your job offer
understanding the different seasonal to jobseekers rather than using a ‘spray
patterns, can help them plan their and pray’ approach.
recruitment strategies and be more
effective with their budget. It is also
important to understand that, although
each candidate is different, with a unique
set of skills and experience, there are
observable patterns for where and when
they are looking for jobs and applying.
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Further Reading
WaveTrackR Quarterly Report
bit.ly/wtr-qrt3
UK Pay Growth
bit.ly/pay-growth
By collecting application and hire data, WaveTrackR provides detailed analytics of which
job board will give you the best ROI, and even offers recommendations on where to post
to get more hires.
WaveTrackR houses everything you need to know about a particular contract, such as
costs, inventory levels, burn and expiry dates, allowing you to make more informed
recruitment decisions and stay in complete control of your media.
We collect anonymous data, via WaveTrackR, from thousands of job posts and
applications. This data is, in return, fed back to WaveTrackR users in the form of
recommendations on where to be most effective with their job posting.
All data includend in this report was collected between January and December of 2018.
Wave’s data analytics team actively looks into this data to identify job posting patterns,
as well as jobseeker behaviour.
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26 WaveTrackR Annual Report - January 2019
Attract More Talent
Wave attracts talent to your business using data and creativity to maximise your
candidate attraction. Our suite of services gives businesses the power to connect the
right people to the right opportunities faster than ever before, meaning that you’ll never
miss out on the talent you need again.
Our core offering comprises recruitment website builds, media buying on all job boards
and job distribution and analytics.
We are the only agency to offer this ‘Build, Buy, Post’ approach to candidate attraction.
Our services are simple, affordable, easy to use and most importantly extremely high
performing, to get you the talent you need.
To find the latest content and register to receive these reports, please visit wavetrackr.com
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Job Distribution
Analytics CV Search
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