Archive

Archive for January, 2010

Week in Review

Friday, January 29th, 2010

Accept It: You’ll Be Swamped with Resumes Forever (unless you do something different): Recessions tend to increase the number of resumes submitted per open req, and today’s unemployment levels tell part of the story. There are more people out of work, and they are chasing every opportunity. Layoffs and the ever-popular “do more with less” mandate have squeezed the survivors, causing job satisfaction to plummet. So, they’re looking for greener pastures, as well. When the job market turns, though, don’t expect this situation to change. Not only will an up-tick in hiring stimulate employee turnover, but the trend will continue long after we get the current job market dysfunction out of our systems. The reason is simple: job postings are everywhere.

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Take Corporate Recruiting out of the Electronic Graveyard: Are you tending an electronic graveyard for online resumes? This is the public perception of the application process. Job-seekers are lobbing as many resumes as they can, in the hopes of either finding a better job or removing themselves from the 10 percent of the workforce that is unemployed. The sheer volume this creates, unfortunately, is the cause of the job-hunters’ belief that most of those resumes will never get anywhere.

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Elevate the Corporate Recruiting Profile: For years, recruiters have labored in a certain level of obscurity. Occasionally, there is a high-priority hire that gets corporate recruiters a seat at the executive table, but it is fleeting. Once the offer has been accepted, they are again relegated to the daily strength management tasks that rarely garner the attention of a company’s top leaders. Yet, so much of what corporate recruiters do is crucial to the daily operation – and strategic advancement – of a company.

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Elevate the Corporate Recruiting Profile

Thursday, January 28th, 2010

futureFor years, recruiters have labored in a certain level of obscurity. Occasionally, there is a high-priority hire that gets corporate recruiters a seat at the executive table, but it is fleeting. Once the offer has been accepted, they are again relegated to the daily strength management tasks that rarely garner the attention of a company’s top leaders. Yet, so much of what corporate recruiters do is crucial to the daily operation – and strategic advancement – of a company.

When you think about what it takes to get a new product off the ground, enter a market or pursue an aggressive growth agenda, your mind constantly returns to one common thread: people. A company needs talent that can execute its strategy and maintain its operations. The glory ultimately will go to the people who have been recruited and hired … but only if there is glory to go around. Poor hiring decisions, of course, result in flawed execution and management, leaving nothing at all to celebrate. So, while it would be inappropriate for corporate recruiters to claim a hefty share of every success, their efforts should be recognized as fundamental to the building of a workforce and the success of a company.

But, how can you do this, especially without looking like you’re campaigning for credit?

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Take Corporate Recruiting out of the Electronic Graveyard

Wednesday, January 27th, 2010

compliance1Are you tending an electronic graveyard for online resumes? This is the public perception of the application process. Job-seekers are lobbing as many resumes as they can, in the hopes of either finding a better job or removing themselves from the 10 percent of the workforce that is unemployed. The sheer volume this creates, unfortunately, is the cause of the job-hunters’ belief that most of those resumes will never get anywhere.

High unemployment, of course, sends traffic flocking to job boards like Monster and CareerBuilder. Seven of the top 10 job sites, according to a recent Fox News report, saw traffic double year-over-year. In June alone, 65 million people visited job sites. The application volume associated with these trends, doubtless, is why resumes can sit in front of a corporate recruiter’s eyes for 20 seconds or less.

The easiest way to solve the problem of applicant volume, of course, is education. Explain to job-seekers that they need to tailor their resumes to each position … and that they should only respond to postings that match their qualifications. But, this won’t happen. So, corporate recruiters need to find operational remedies.

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Accept It: You’ll Be Swamped with Resumes Forever (unless you do something different)

Tuesday, January 26th, 2010

paperstacksRecessions tend to increase the number of resumes submitted per open req, and today’s unemployment levels tell part of the story. There are more people out of work, and they are chasing every opportunity. Layoffs and the ever-popular “do more with less” mandate have squeezed the survivors, causing job satisfaction to plummet. So, they’re looking for greener pastures, as well. When the job market turns, though, don’t expect this situation to change. Not only will an up-tick in hiring stimulate employee turnover, but the trend will continue long after we get the current job market dysfunction out of our systems. The reason is simple: job postings are everywhere.

The consumerization of the internet back in the mid-1990s certainly contributed to the increase in resumes submitted per open position. It became much easier for job-hunters to find and apply for positions, so the outcome was as expected. But, the situation today is far more difficult than it was only 10 years go … because it’s easier for information to spread.

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Recruiting for Retention

Monday, January 25th, 2010

meeting2Recruiting is what you do to bring new employees in the door, and retention is what someone else does to keep them there, right?

Well, not really.

The most effective corporate recruiters build retention considerations into their screening and interviewing efforts. Many will say they do this already – after all, who hasn’t looked with suspicion upon a serial job-hopper’s resume? This standard approach, however, leaves much of the story untold. As the financiers always say, “Past performance is not an indicator of future results.”

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Week in Review

Friday, January 22nd, 2010

Three Metrics that Matter: Measuring a Corporate Recruiter’s Success: For a corporate recruiter, the world is governed by performance metrics – even if you aren’t watching them. Hiring managers and company executives think in terms of whether their needs are filled, and these sentiments often come in the form of numbers: how long it took to fill an open position, the time needed to source resumes and how much it cost to bring a candidate in the door. To maximize the value of corporate recruiting to your company, you can adopt this framework and use it as the formula for demonstrating your contribution to the company’s success.

Read the article >>

Time to Hire vs. Time to Source: Corporate recruiters have long been evaluated by the “time to hire” metric – i.e., how long it takes to get from open req to productive employee. Yet, there is understandable resistance to this measure of success. The corporate recruiter could source high-quality resumes quickly, conduct a thorough screening ahead of schedule and put candidates in front of hiring managers, only to wait as interviews are delayed. What could be a 30-day process turns into 45, 60 or even 90 days. So, it may be more effective to focus on “time to source” performance – i.e., how long it takes to put high-quality candidates in front of a hiring manager.

Read the article >>

Tweeting for Jobs: Cute, but Not a Long-Term Strategy: Some of the stories coming from the job market right now can be pretty entertaining. The tale of the man who sent little more than a tweet and got a job, for example, has circled the web several times already, showcasing the power of social media in a crowded talent market. But, when you cut through the humor of the anecdote, it isn’t hard to see that the potency of social media can consume its users, unless they have plans in place to keep from getting bombarded with Twitter, LinkedIn and Facebook inquiries.

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Benchmark Your Performance against Your Peers

Thursday, January 21st, 2010

MBU_002C“We’ve always done it that way.”

“It’s better than it was before.”

“If it ain’t broke, don’t fix it.”

Everyone has heard or said some variation of these, and generally speaking, they’re treated as good advice or a noteworthy observation. But, it can keep your company from making progress against the competition. If you don’t periodically compare your recruiting and hiring practices to those of other companies in your business, you could find key talent turning down your offers and accepting them from other companies your industry. So, you lose twice: you don’t get the candidate, and the competition gains a talent advantage. With KGTiger’s TMR service, however, solid business decisions can be based on what you know … not what you suspect.

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Time to Hire vs. Time to Source

Wednesday, January 20th, 2010

resumereviewCorporate recruiters have long been evaluated by the “time to hire” metric – i.e., how long it takes to get from open req to productive employee. Yet, there is understandable resistance to this measure of success. The corporate recruiter could source high-quality resumes quickly, conduct a thorough screening ahead of schedule and put candidates in front of hiring managers, only to wait as interviews are delayed. What could be a 30-day process turns into 45, 60 or even 90 days. So, it may be more effective to focus on “time to source” performance – i.e., how long it takes to put high-quality candidates in front of a hiring manager.

Though valuable within our community, this metric is a tough one for hiring managers and company executives to grasp. After all, they aren’t looking at how the recruiter is performing. Rather, they are more interested in how quickly a business need is addressed, and that doesn’t happen until a req turns into an employee sitting at a desk. This puts you at the mercy of other stakeholders, as you’ll be evaluated, for example, on how responsive a hiring manager is.

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Three Metrics that Matter: Measuring a Corporate Recruiter’s Success

Tuesday, January 19th, 2010

computerscreenFor a corporate recruiter, the world is governed by performance metrics – even if you aren’t watching them. Hiring managers and company executives think in terms of whether their needs are filled, and these sentiments often come in the form of numbers: how long it took to fill an open position, the time needed to source resumes and how much it cost to bring a candidate in the door. To maximize the value of corporate recruiting to your company, you can adopt this framework and use it as the formula for demonstrating your contribution to the company’s success.

Metrics matter, especially when budgets are constrained and executives are looking to extract as much value from every investment as possible. Speak their language, and hiring managers and executives will understand the benefit you provide in terms they can not only understand but share across the business.

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Tweeting for jobs: cute, but not a long-term strategy

Monday, January 18th, 2010

facebookSome of the stories coming from the job market right now can be pretty entertaining. The tale of the man who sent little more than a tweet and got a job, for example, has circled the web several times already, showcasing the power of social media in a crowded talent market. But, when you cut through the humor of the anecdote, it isn’t hard to see that the potency of social media can consume its users, unless they have plans in place to keep from getting bombarded with Twitter, LinkedIn and Facebook inquiries.

The low barriers to entry in the social media space have already made it attractive to both corporate recruiters and job-seekers, and there is a set of entrepreneurs already developing products, services and techniques designed to help people on both sides of the talent equation navigate the social media space more effectively. The convergence of candidate and recruiter use of social media and the development of services to increase visibility and results means that the market will become increasingly crowded.

An abundance of choice translates to copious amounts of data through which to sift … with no change in timelines or competitive pressures. As you enter the social media talent market, think about the tools you will need to increase the value of each interaction.

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