Brett Wayne, a tech recruiter and managing director at Cypress, said the competitive pressure is unlike anything he’s seen in his 13-year career in recruiting. He likened it to what’s happening in the real estate market.
Is it really?
To win a bid on a quality engineer, companies are offering things like flexible hours, sign-on bonuses and permanent remote work, the last of which has become a requirement for much of the workforce.
So, no increase in wages, just lame bennies. GOT IT. NOT LIKE REAL ESTATE AT ALL.
The problem really started before the plandemic, recruiters were starting to complain that people were ghosting them on interviews and calls - which, as was pointed out, was something recruiters have been doing for decades. Turnabout is fair play.
But it boils down to "It's the money, stupid." The employee market is a little thinner than normal, and companies aren't stepping up their game.
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