Home topics news Source: Eric Prouzet on Unsplash News News Recruiters regain hiring momentum Yajush Gupta August 8, 2023 In recent years, recruiters have grappled with a shortage of candidates due to the high demand driven by rapid job growth. This gave candidates significant bargaining power. However, as the pace of job growth has slowed down, the dynamics have shifted. This change presents a unique chance for talent acquisition and agency recruiters to play a more strategic and influential role within their organizations. Throughout the ANZ region, encompassing Australia and New Zealand, talent acquisition and agency recruiters have observed a steady rise in the number of job applications received per job opening. In Australia, recruitment agencies experienced an increase from an average of 13.9 applications per job in Q2 2022 to 24.8 in Q1 2023, and 24.5 in Q2. Similarly, for talent acquisition, the numbers rose from 15.2 in Q2 2022 to 26.2 in Q1 2023, and 24.3 in Q2. In New Zealand, there was also a notable increase, with applications per job rising from 11.7 in Q2 2022 to 12.3 in Q1 2023 for agencies, and a jump from 13.2 in Q2 2022 to 27.8 in Q2 2023 for talent acquisition. Conversely, a decline in the number of jobs created per account has been observed in both Australia and New Zealand within the recruiting agency landscape. In Australia, the figure dropped from 68.2 in Q2 2022 to 57.5 in Q2 2023. A similar trend emerged in New Zealand, where