The Israeli labor market has seen a significant increase in recruitment activity following the Tishrei holidays, with a 21% surge in recruiters' activity and a 27% rise in the volume of received CVs in October compared to September.
What happened
The Jobnet job board index, in partnership with the Civi AI recruitment system, indicates that while the volume of activity has grown, the supply of positions has remained virtually unchanged, leading to greater competition for every position. The number of candidates for whom an employment hiring decision was made rose by about 27% compared to June, which is an encouraging sign that the labor market continues to move.
The use of artificial intelligence tools in recruitment processes is also expanding, with a 73% increase in operations performed using AI tools in October compared to June. This growth poses a challenge for employers to manage an efficient and focused recruitment process and to identify suitable candidates out of a large quantity of CVs.
