More recruiting budgets will stay flat in 2017 compared with the previous year, despite the expectation that hiring volume will increase for many companies, according to new research from LinkedIn.
Over half (56 percent) of nearly 4,000 corporate talent acquisition managers from 35 countries said they expect to make more hires compared to 2016, even though a majority expect no growth in recruiting head count (61 percent) or budget (52 percent).
Other notable findings from LinkedIn's latest global recruiting trends report include employers' continued reliance on quality-of-hire metrics, increased appreciation for employer branding and the emergence of automation as a top priority in the years ahead.
Just one-third of respondents said their talent acquisition team will grow in 2017 and 37 percent expect to get a budget boost for recruiting.
"This means that as the hiring volume rises, recruiters need to get creative and automate their workflow," said Allison Schnidman, senior market research manager at LinkedIn. "The recruiting teams that are growing are focusing mostly on finding full-life-cycle recruiters and employer branding specialists, indicating the increasing importance of the company's image."
Over half (52 percent) of the typical recruiting budget for the surveyed companies is slated for traditional spends such as job board advertising and recruitment agencies. Around 17 percent of the budget is allocated to sourcing, screening and recruiting technology, and 8 percent is put aside for recruiting events.Read more