Don't miss Transform — a new HR conference from TLNT that will change the way you think about HR — February 26-28, 2012 in Austin, TX. Learn more »

Articles tagged 'recruiting & staffing'

HR News & Trends

January Job Growth: One Good Month, or Evidence Recovery is Growing?

Jobgrowth

Strike up the band. Break out the confetti. The market’s going to love this. The U.S. unemployment rate dropped to 8.3 percent and non-farm jobs grew by 243,000 in January.

This morning’s monthly report from the U.S. Department of Labor blasted through even the most optimistic of expectations. The jobs gain would have been the largest since May 2010, except that the Labor Department’s data group adjusted 2011′s jobs numbers. Now, only March (+246,000) and April (+251,000) had stronger numbers.

January is the second consecutive month to beat estimates. Economists predicted anywhere from MarketWatch’s tepid 121,000 to the more optimistic 182,000 in the Bloomberg survey. None of the widely reported surveys saw a decline in the unemployment rate. Read more…

HR News & Trends

Facebook Files For a $5 Billion Plus IPO

Facebook

Facebook finally did today what everyone expected: It filed for an IPO.

In the paperwork submitted to the Securities and Exchange Commission, Facebook said it expects to raise $5 billion from the public sale of its stock. That’s based on the registration fee it paid. The New York Times says it could end up raising much more.

Facebook reported in its S-1 filing that it earned $1 billion on revenue of $3.7 billion, most of it coming from advertising. It reported having 845 million monthly active users as of the end of the year, a 39 percent increase over the year before. In the U.S., Facebook saw a 16 percent bump over 2010, ending last year with 161 million monthly average users, or about half the country’s total population. Read more…

HR News & Trends, Recruiting and Staffing

Survey: Employee Referrals Are Really More Effective Than We Think

employee_referral_image

Employee referral programs may produce more hires — perhaps many more — than surveys would suggest.

Over the years it has come to be accepted that the average number of new hires coming from employee referral programs is somewhere between SHRM’s 24 percent (for non-exempt positions) to about a third. Some programs do much better.

From CareerXroads now comes evidence that the hires from employee referrals are undercounted.

“Referrals permeate the recruiting process more than we think,” says recruiting consultant Gerry Crispin, a CareerXroads principal. Read more…

Recruiting and Staffing

Why Are We So Obsessed With Finding “Passive” Job Candidates?

123RF Stock Photo

Here’s a question that begs for a good answer: are we overdoing it with the search for passive job candidates, already?

It’s something worth asking, because the search for passive candidates  – defined here as “(people) who are satisfied with their current position and are accomplishing great things. They are not actively seeking a new opportunity and job hunting consumes 0% of their time — has turned into a modern-day quest for the Holy Grail.

It’s all about the notion that the very best candidates are the ones who are working away at their job, accomplishing a great deal, and not particularly engaged in looking for new employment. And, that rubs occasional TLNT contributor (and chief talent scout for Clear Channel Communications) Morgan Hoogvelt the wrong way.

He has an interesting post over at TLNT’s sister website ERE.net where he openly questions just why there is so much focus today on finding passive candidates, and, why it has become such a fad and a trendy thing to do. Read more…

Recruiting and Staffing

Twitter Just Made The Greatest Recruiting Video of All Time

© fizzgig - Fotolia.com

As a person who sees a ton of recruiting videos (and I just got done judging ERE’s Recruiting Excellence Awards so you can bet I’ve had my fill of these things), they seem to follow a few general rules:

  1. Have a friendly narrator talk to you about working for the company;
  2. Try to make it fun and approachable with real employees’ and,
  3. Give people a glance at a day-in-the-life.

All good moves by any measure, but Twitter took it one step further: they did all of those things while humorously demonstrating how not to pull off a recruiting vid. To say the least, it was brilliant.

Read more…

Recruiting and Staffing

Hiring Wisdom: How to Help Avoid Negligent Hiring Lawsuits

123RF Stock Photo

The first line of defense … is a good offense, and a good offense against negligent hiring lawsuits is your careful investigation of each employee’s background.

For a thorough check:

  1. Contact all prior employers. (Even if you think all you’ll get is dates of employment and salary, make the calls anyway. If you get a “no comment,” record it in the file. If necessary, it can be produced in court to show you did try to get the information.) Read more…
HR News & Trends

Weekly Wrap: Why Are We So Quick to Dismiss the Good, Old Résumé?

© stryjek - Fotolia.com

Want some shocking news? The Wall Street Journal reports that, “Many job seekers have long suspected their online employment applications disappear into a black hole, never to be seen again … (and) their fears may not be far off the mark.”

I know; you are probably stunned and surprised that lots of people apply for jobs online and never hear anything back about it. Who knew?

The Journal also published another story (proving that dumb stuff comes in pairs) titled No More Résumés Some Firms Say that uses anecdotal evidence from three companies (yes, 3 is not a misprint) to declare that, “(businesses) are increasingly relying on social networks such as LinkedIn, video profiles and online quizzes to gauge candidates’ suitability for a job. While most still request a résumé as part of the application package, some are bypassing the staid requirement altogether.”

This makes me wonder: what’s wrong with the good, old résumé?

Read more…

HR Insights, Recruiting and Staffing

Want to Drive Change? Be Like Steve Jobs and Hire Pirates

pirates-for-hire

Dollars to donuts, Fast Company is the best publication out their for anyone in the business world!

They hit a home run in my book recently with the article, An HR Lesson from Steve Jobs – If you want Change Agents, Hire Pirates! “Why? Because pirates can operate when rules and safety nets breakdown.” Here’s more from the article:

A pirate can function without a bureaucracy. Pirates support one another and support their leader in the accomplishment of a goal. A pirate can stay creative and on task in a difficult or hostile environment. A pirate can act independently and take intelligent risks, but always within the scope of the greater vision and the needs of the greater team. Read more…

HR News & Trends, Recruiting and Staffing

Big Question After Monster Gets Battered: Where is Job Market Heading?

monster_com

Monster is taking a battering on Wall Street after the company missed the earnings expectations of the financial markets and warned it may just break even in the current quarter.

Monster’s stock price was down almost 20 percent at lunchtime in New York, a drop of $1.79 on the day. Trading below $10 for so long that Standard & Poors moved the company out of its S&P 500 stock basket in December, Monster’s price is now right at $7.19 a share.

The jobs advertising company, which yesterday laid off 400 employees, issued its fourth-quarter and full-year financials this morning before the markets opened. Despite growing revenue by almost 14 percent for the year, the company fell short in the final quarter. It earned 11 cents a share versus the 12 cents analysts were expecting. Monster’s revenue for the quarter also fell short, coming in at $250 million instead of the $259 million average estimate of Wall Street analysts. Read more…

HR News & Trends

Politicizing Job Creators: Why It Won’t Help Create New Jobs

we-need-jobs

Ah, job creators.

You know it is election season when the buzzwords fly like the mosquitoes in the Florida Everglades, and certainly the term job creators has been on the forefront of the discussion about the economy, taxes, and the business atmosphere in the U.S. If you look at the recent buzz, you might think that some people have something against job creators.

I don’t quite buy that anyone has it out for business owners. By any measure, a politician, especially one seeking re-election, logically wants as many people to succeed as possible, job creators included. And although that doesn’t mean business owners have it easy, it doesn’t mean politicizing it is going to help make things better.

Read more…