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IN THIS ISSUE
Newsletter Sponsors
A Note from the Editor
Today's Recruiting News Headlines
Featured Recruiting Jobs
Special Trials and Discounts For Members
Polls and Trends
Weekly
Article:
Five Good
Reasons Why Job Boards Aren't Toast
Recruiting Bookmarks
Upcoming Conferences
Site Of The Week - HotResumes.com
Final Note - On The Lighter Side
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A Note From The Editor
TMP, the parent company of Monster.com, has spun off
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Today's Recruiting News Headlines
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Featured Recruiting
Jobs
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Polls and Trends
Take this month's poll located
on our home page.
Trend Watch is sponsored
and provided by iLogos,
a division of Recruitsoft.
Click
here for a complete archive.
________________________
Weekly Article
Five
Good Reasons Why Job Boards Aren't Toast
By Peter D. Weddle
A recent editorial opined that job boards are
history. Finished. Toast. Made obsolete by the arrival
of DirectEmployers.com, a site launched by a consortium
of major employers, and the spreading use of corporate
recruitment sites by employers in general. The author's
argument was as old as capitalism: Employers are going
to stop paying the middleman (job boards) because they
can now obtain the same results at a reduced cost by
advertising on their own sites.
Though this is a familiar line of thinking, in this
case it is dead wrong. Whether they are owned and
operated by commercial companies, professional
associations, trade organizations or other affinity
groups, job boards (and their cousins the resume
databank and career portal) aren't just far from
obsolete -- they are becoming increasingly important to
employers searching for top talent. Here's why.
1. Anger and angst wear off.
Although the folks behind DirectEmployers.com are
careful to say that their venture isn't an attack on
Monster.com, many of its members seem fed up with what
they view as that site's poor customer service and rich
prices. For many other employers, however, Monster.com
works just fine. Indeed, in the 2002 User's Choice
Awards from Weddles.com, Monster was named the best
general-purpose site for recruiters and placed a strong
second or third in categories judging customer service.
(You can cast your ballot for the best sites on the Web
through the Polling Station at
www.Weddles.com.)
But don't misunderstand; I am not shilling for
Monster. I am simply saying that the angst that has
driven many employers to a greater reliance on their own
web sites will eventually wear off -- and when it does,
they will likely return to using Monster and other sites
to supplement their yield, especially as the economy
picks up steam and labor shortages reappear.
2. Employer sites can't replace job boards.
Believing this will happen represents a fundamental
misunderstanding of candidate behavior. Whether they are
passive or active in the job market, most people want a
choice. While they probably do focus on organizations
that are viewed as "employers of choice," they also
believe no single employer can offer all of the best
opportunities for personal development and career
growth. To put it another way, today's job seekers have
accepted full responsibility for managing their own
careers, and implicit in that notion is that they -- not
employers -- are the best judge of what jobs will serve
their objectives. So they will continue to visit job
boards because those sites offer openings from an array
of different organizations and enable them to get a
sense of the larger job market and of the specific
openings that represent genuine opportunities for them.
Given that behavior by job seekers, employers have no
choice but to follow their lead and advertise on these
sites.
3. "A"-level performers -- and most passive
prospects -- don't act like active job seekers.
They aren't looking for a job, so they seldom venture
out to employer sites and search through the openings
posted there. Instead, these individuals hang out with
their peers at places they know and trust. On the
Internet, those are usually the sites managed by their
professional association, trade organization or affinity
group. Only there can they comfortably network with
others in the field, learn something from discussion
forums that cover topics in which they are interested
and, in the course of doing all that, stop by the job
postings to see if anything that might further their
career is available. So if an employer hopes to hire
"A"-level performers and passive prospects -- and what
employer doesn't -- it will have to use these same job
boards.
4. Many employer sites are poorly designed.
For every good corporate recruiting web site, there
are three or four that could have been used as models
for Dante's circles of hell. According to surveys of job
seekers conducted at Weddles.com, corporate recruiting
sites dropped from first to fourth place in terms of
their perceived helpfulness in 2002. While virtually
every employer site is attracting a torrent of resumes
at the moment now, the sites that are poorly designed or
managed will see the best and brightest job seekers head
for other destinations fast when the economy picks up
steam. According to the Weddles.com 2002 User's Choice
Awards, these candidates will head off to places like
Monster, HotJobs.com, CareerJournal.com, Dice.com and
BrassRing.com.
5. Job boards aren't as expensive as employers
think.
Employers often turn to their own sites because they
view job boards as expensive. While prices do vary among
boards, most charge less than the fees newspapers have
traditionally imposed for print advertising. In fact,
the high-fee rap against job boards is due mostly to
poor shopping habits. There are more than 40,000
employment-related sites now operating on the Internet,
yet 48 cents of every dollar spent on job postings is
spent at Monster, and 76 cents of every dollar is spent
on advertising at a few sites: Monster, HotJobs,
CareerBuilder.com and Headhunter.net. This addiction to
a single site or small set of sites has, in effect,
created a monopolistic situation. Some sites have taken
advantage of this de facto lack of competition by
charging high fees.
But now recruiters are becoming better consumers and
using more of the choices available to them. As a
result, niche sites have become increasingly popular.
Not only do many offer a more competitive fee, but they
eliminate one of the key problems faced by the
better-known general-purpose boards: When you post an
opening for a nurse on the big name sites, you are as
likely to get resumes from sushi chefs and truckers as
you are from nurses. But when you post a nursing
position at a site that specializes in nurses, however,
the only resumes you will receive are those from nurses.
Those are five reasons why job boards are here to
stay. Obviously, a well-designed and -managed corporate
recruiting site (or gateway site to a group of employer
sites) can enhance a company's online-recruiting
performance. As the evidence above makes clear, however,
it can't replace the role of job boards in a
comprehensive, integrated strategy for hiring top
talent. Moreover, these five points are just part of the
case for job boards. In my next column, I cover five
more.
About the Author
Peter D. Weddle writes a
weekly column for Dow Jones profiling on-line employment
sites, publishes WEDDLE’S Wildly Useful,
Up-to-the-Minute Newsletter about Internet Resources for
Successful Recruiting and is the author of Internet
Resumes: Take the Net to Your Next Job (Impact, 1998).
If you’d like to read more of Peter’s columns and
articles, please visit his site at
http://www.weddles.com
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Recruiting Bookmarks
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to stop/reduce spam?
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Upcoming Seminars &
Conferences
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seminars.
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Site
Of The Week - HotResumes.com
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________________________
Final Note - On The
Lighter Side
The more I want to get something done, the less I call
it work.
--Richard Bach
_________________________
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