iCIMS, the headline sponsor of RecFest UK at Knebworth Park, showcased new innovations and unveiled fresh data on employer and candidate behavior in the EMEA region. The iCIMS Insights July Workforce Report offers a comprehensive view of the EMEA labor market, providing valuable information for recruiters, talent acquisition (TA) professionals, and HR experts.
- Strong Application Volume
- Despite a steady decline in applications since the beginning of the year, the volume remains high, up nearly 20% since January 2023.
- Three of the last six months have recorded more applications than the highest monthly applications in the previous year.
- Efficiency in Recruitment
- Recruiters are not hindered by the influx of applicants, with time-to-fill (TTF) decreasing by two days year-over-year, from 49 to 47 days.
- Leaner recruitment teams have maintained efficiency despite the increase in applications.
- Younger Applicant Pool
- Millennials and Gen Z dominate the applicant pool, with around 70% of job seekers in EMEA under the age of 35.
- In countries like the UK, Italy, Germany, and France, the majority of applicants are under 25.
- Talent Acquisition as a Priority for CHROs
- UK-based CHROs are dedicating more time to TA than they did two years ago.
- Hiring fluctuations are a top business challenge for CHROs, emphasizing the importance of effective TA strategies.
Expert Insights at RecFest At RecFest, HR professionals can gain insights from experts on overcoming TA challenges. Rhea Moss, Global Head of Workforce and Customer Insights at iCIMS, will speak alongside Stephanie McGinty, Head of Talent Acquisition at Kingfisher plc, to share their experiences and strategies in managing multinational teams.
Expansion of iCIMS Partner Ecosystem iCIMS announced its commitment to growing its partner ecosystem to meet diverse needs through a global marketplace of integrated vendors. Key benefits include:
- Enhanced User Experience
- Seamless integrations with partners like HireRight, HireVue, Sterling, Veremark, and Zinc Work improve the ATS user experience.
- Faster Time-to-Value
- Integrated vendors enable users to leverage both iCIMS and third-party services more quickly.
- Streamlined Implementation
- Pre-established connections reduce setup time, complexity, and development costs during implementation.
- Scalability and Flexibility
- Integrated partners offer additional functionality, allowing for scalable and flexible solutions without extensive development work.
iCIMS’ global partner ecosystem allows customers to leverage best-in-category technology vendors, ensuring faster, more flexible talent acquisition solutions that can scale with their needs and preferences.
iCIMS’ presence at RecFest UK highlights significant trends and innovations in the EMEA labor market. Their new data, expert insights, and expanded partner ecosystem provide valuable resources for recruiters and HR professionals to navigate the evolving talent landscape effectively.
