Week 39 of Avionté RAW continued its steady growth with a nice 1.8% gain in hours and a strong 4.3% increase in Total Billing. The major indices (assignments, hours, gross) are all over 6.0% for the last 4 weeks. This clearly displays a nice growth trajectory. The numbers indicate that we should stop using the term “recovery” when referring to trajectory, because we are now substantially above pre-COVID levels in most metrics! This is extremely encouraging, and we hope the trend will continue as we propel into winter and the holiday season.
Here are the numbers:
New Talent is simply defined as new talent records entered that week. It’s a good proxy for new individuals looking for work.
This week we see a slight dip in the New Talent metric. For me, this decrease is a bit worrisome. I was hoping to see growth in the number of new applicants, reflecting questions on additional stimulus, school in full swing, and summer winding down. However, talent behavior can be impacted by numerous factors, so the reason for the dip is difficult to predict. However, assignments and hours maintaining their growth trajectory helps offset this worry.
For those new to the Avionté RAW series, the numbers reflected are based on an aggregation of hosted Avionté data from hundreds of customers across the US and Canada.
Written by, John Long, Avionté, Founder & Co-Chairman, and Natalie Flint
About Avionté
Avionté is a leader in enterprise staffing and recruiting software solutions, offering innovative end-to-end staffing solutions to over 900 customers and 25,000 users throughout the U.S. and Canada. Avionté delivers a robust platform for clerical, light industrial, IT, and professional staffing firms to maximize profits and boost productivity.
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