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Showing posts with the label Recruiting Trends

Recruiting Trends Positive in 2010!

The 2010 Benchmark Pro survey involving nearly 4000 employers from about 15,000 locations across the country has revealed that 93.4% of organizations have started to actively look for qualified candidates. This is slightly up when compared to 91.1% reported in 2009. This is an indication that companies are slowly recovering from the economic catastrophe to make a gradual comeback. The survey reveals the following: Employers use various methods to recruit new employees. Advertising on the Internet tops the chart at 81.1% followed by newspaper advertisement at 63% and employee referral programs & job fairs at 54%. Almost half of the companies use Internet resume database and over 30% of the companies use sign-on bonuses or trade and professional association advertising. Recruiting methods differ based on the industry. Job fairs are used by 75.6% of hospitality organizations, 70% of healthcare organizations, 64.2% of banking and finance, 51.6% of insurance and

Gain Expertise in the New Drivers of Effective Recruiting

Source: eGrabber Newsletters Surveys show that more recruiters are turning to free social networking technology as an increasingly attractive alternative to paid job boards. Today, 1 in 5 recruiters use social networking sites in some way or other to make a hiring decision. So, whether the economy is up or down, the ability to use social networks to source candidates will be essential for recruiters in the coming years. These social networks offer people with common interests a place to interact and share contacts, opinions, and increasingly, job opportunities. Sites such as MySpace, Facebook, LinkedIn, etc. are powerful sources of qualified candidates. What is even more attractive is that these sites allow you to easily target candidates in specific locations with specific skills and experience. However, to be effective, you must understand how the different networks work and the audiences these sites attract.

Prepare yourself for the 'Hiring Spike'

An article in the February 09 issue of The Wall Street Journal compared the current recession to the recession in the 1980s, where after a steep plunge, the economy recovered pretty quickly. The article discussed about preparing oneself for the impending 'Hiring Spike', instead of being surprised by the speed and strength of the recovery. To add to this, a recent survey of Fortune 1000 companies showed that 68% of them predicted that hiring will return by Q3 of 2009. So, the question is: Have you prepared yourself for the hiring rebound? Use this opportunity to implement new and improved internal processes, acquire innovative technology, finding the best talent for your company, etc. Taking these steps will equip you to be ready and perform better during the hiring spike. Sources: "Pent-up demand could quickly pull economy out of its hole" by Justin Lahart, The Wall Street Journal, February 9, 2009. TalentDrive’s 2009 Hiring Trends Survey.