News < Economic Drivers > May Flowers?
The trends. Capital Spending, Unemployment, Domestic Production, More
< Permanent > Newly booked executive search assignments increased by 23 percent in the first quarter of 2002 compared to the fourth quarter 2001 < Staffing >
Top performing franchise operator appointed CEO of U.S. for International Staffing firm.
< HR/Corporate > Only 64% of surveyedHR Execs have a formal pay-for-performance system. < Consulting/IT > All Segments of IT Services will continue to experience slower growth rates in 2002
< On-line Recruiting > On-line Recruiitng continues to show strong growth < Service Providers > Expertise was particularly valuable in helping us establish procedures that apply the same standards to all applicants for similar positions
On-line
Recruiitng continued to show strong growth in 2001 according
to IDC report
Employers looked for services that helped them find the
best candidates faster and cheaper than their current processes.
A new report published by IDC reveals that the worldwide
erecruiting services market grew 53% in 2001 to $2.8 billion,
in line with IDC's projected growth rate from adjusted 2000
annual revenue.
The economic slowdown, however, has flattened out the once-rocketing erecruiting services market in the second half of 2001, thus delaying overall growth in later years of the forecast. Due to this decline, IDC has adjusted its forecast accordingly and now projects the worldwide erecruiting services market to reach almost $15.7 billion by 2006 with a 2001-2006 compound annual growth rate (CAGR) of 40.9%.
“eRecruiting services demonstrated strong annual growth rates in 2001, despite the slowing economy and reduction in hiring,” said Marc Pramuk, IDC senior analyst. “This growth emphasizes the fundamental shift in the recruiting and staffing services market that identifies erecruiting services as a vital part of how organizations attract and hire the best candidates for open positions.”
Word
of mouth beats job boards & newspaper advertising
More than half of human-resource professionals - 55 percent
- rate "word of mouth/networking" as the best way
to recruit high-quality applicants, according to an online
poll conducted by HRnext and its sister site, BLR.com.
The poll, conducted the week of June 3, also highlights the nip-and-tuck competition between newspapers and Web sites for job advertising. They tied for second in HR pros' preferences, at 16 percent each.
Ten
percent of the voters chose "recruiters/headhunters"
as the best avenue for recruiting, while the remaining 3 percent
chose job fairs.
Medzilla.com Discusses Making The Transition To Biotech Recruiting
Biotechnology recruiting is hot. It's more active than IT and telecommunications and it isn't suffering the shortages in other areas of healthcare, says Frank Heasley, PhD, President and CEO, of MedZilla.com, a leading Internet recruitment and professional community that targets jobseekers and HR Professionals in biotechnology, pharmaceuticals, healthcare and science.
Still,
according to Dr. Heasley and other biotech recruiting professionals,
it may not be the time to jump onto the biotech bandwagon.
There are things that recruiters who are thinking about making
the leap should know.
IBS
And NBC Team Up With Hotjobs
To Localize National Job Listings
Internet Broadcasting Systems, Inc. (IBS), a leader in the
convergence of local television and the Internet, and NBC
announced today that they have teamed with HotJobs.com Ltd,
a Yahoo!® service, to localize national job listings.
HotJobs will display local listings on the Web sites of NBC's
owned-and-operated stations in seven of the nation's top markets
and on 37 local television station Web sites in the IBS network.
In addition, NBC and IBS TV stations will run co-branded television
spots designed to educate and inform viewers of this new,
locally relevant resource for job hunting.
"This is an exciting opportunity for HotJobs to increase
its visibility and localize the job search process,"
said Marc Karasu, Vice President Advertising and Marketing,
HotJobs. "NBC and IBS' strong local presence enables
us to deliver local listings to jobs-seekers in their hometowns."
April
On-line Recruiting News
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Yahoo, reorganizes to tap 'the enterprise'
Yahoo pulls its e-recruiting Resumix division out of HotJobs
and integrates it with enterprise offerings for new corporate
hiring service
The
HMWeb service is Yahoo's latest enterprise offering as it
expands beyond its traditional consumer-facing, advertising-supported
media identity.
Now, with the use of Resumix, which was formerly a unit
of HotJobs, the online recruiting company Yahoo acquired
in February 2002, Yahoo is beefing up its online recruiting
and hiring services to businesses.
The announcement is yet another message from Yahoo to the
marketplace that it is more than a consumer-facing portal
and media company.
Editor & Publisher.com reports Major Market Newspaper reviewing relationship with CareerBuilder
"It appears to us that it de-emphasizes the role of the local newspaper and emphasizes the national brand," James M. Moroney III, CEO and publisher of Belo's flagship, The Dallas Morning News, said in an interview with Editor & Publisher.com
CareerBuilder
switched from its technology to Headhunter's because the
new platform has more search criteria, gives employers more
data on geographic markets, and lets the company add network
partners faster, spokesman Barry Lawrence said. CareerBuilder,
jointly owned by Knight Ridder and the Tribune Co., still
values its print partners, he said. "It's a dual brand,"
he said. "We are very much selling on local."
PC
Magazine Names CareerJournal.com
Best Executive Job Site
CareerJournal.com, the executive career site from The Wall
Street Journal, has received PC Magazine's 2002
"Editor's Choice" award as the best executive
job site.
According to the May 21, 2002 issue of PC Magazine, "From
The Wall Street Journal, CareerJournal.com is targeted at
the upwardly mobile professional. The jobs database has
positions you'll find advertised in the WSJ, but also lists
ones you won't find there. Expert columns and tips advise
you what recruiters really want and why good candidates
can't find good jobs. Along with relocation information
and a salary calculator, the features make this a prime
stop for the serious job hunter. Excellent."
Local
Network of City Guides selects CareerBuilder to power Career
Center
CareerBuilder, the industry's most complete online recruitment
source for efficiently finding
better candidates and jobs, and Citysearch, a leading local
network and one of the core businesses operated by Ticketmaster,
today announced an agreement to launch a local career center
on Citysearch.
Airs Partners with the New York Times
The New York Times Job Market, the print and online recruitment services offering of The New York Times, and AIRS, announced a strategic partnership to offer an advanced job search seminar to professionals in the New York City area.
Targeted to executives and skilled professionals who are unemployed or seeking a career transition, this collaborative program, known as the Job Market Professional JobSearch Seminar(TM), will teach job seekers to utilize the latest Web techniques to expand and enhance their job searches.
Current
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