16th June 2023

Exploiting the need for workers in high demand sectors of the global economy


Economic factors impacting the recruitment industry

The global recruitment industry has been impacted by a number of economic challenges, including the COVID-19 pandemic, inflation, and the increased cost of borrowing.

Some cite Covid as the key driver of the issues. However, the truth is that many of the challenges that economies and societies around the world face began long before Covid became a household word.

In many cases, the pandemic has simply accelerated trends that were already apparent before it disrupted the daily lives of practically everyone across the globe.

For example, many worked remotely before Covid, however, we have seen far wider acceptance of remote working by many businesses that did not embrace the practice before.

In the meantime, other more immediate problems have popped up making Covid seem something of a distant memory. Conflict in Europe, geopolitical tensions in APAC, the cost of living crisis and increasingly alarming impacts resulting from climate change.

Out of the disruption wrought by these evolving events, some economic sectors have seen demand rise, and in some cases, it has grown astronomically.

High-growth industries with increased demand for workers

Leading job board, Indeed, suggests jobseekers should target such sectors as they are fast growing. This means they offer significant opportunities for recruitment businesses to exploit:

Information Technology – the IT sector is constantly evolving, and there is a high demand for skilled IT workers. Remote working and the growing use of online services are increasing the use of technology in all aspects of our lives, from business to entertainment. Three key areas are the Data Science industry, Cyber Security and Artificial Intelligence (AI).

Increasing recruitment agency market penetration into growth economic sectors

For agencies already operating in these sectors, here are some good ways to increase success. For those considering entering the market in some of these sectors, here are some points to focus on to ensure that you have put in place the groundwork required to succeed.

Streamline your agency back office with ETZ

The automation features of ETZ RecTech tools promote efficiency and have paved the way for the emergence of sophisticated AI NLP search and selection tools that are emerging to power the front side of agency operations.

ETZ’s leading ETZ’s leading timesheet and invoicing solution streamlines the back office processing of your recruitment agency. Our complementary solutions, ETZ Comply for onboarding and document management, and Caspian for business intelligence, give agencies further capability to streamline and uncover opportunities. To find out more, call us on +61 (0) 405 458 821 or book a demo.

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