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IN THIS ISSUE
Newsletter Sponsors
A Note from the Editor
Breaking News
Today's Recruiting News Headlines
Featured Recruiting Jobs
Weekly Article: Job Board Industry Closes a Productive 2004
Employment and Economy Stats
Special Trials and Discounts
Employment Studies and Trends
Layoffs and Downsizing Report
Recruiting Essential Bookmarks
Upcoming Conferences
Site Of The Week: RecruitingSurvey.com
Final Note - On The Lighter Side

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Newsletter Sponsors

1. Which is the best of the “Big 3” job boards?

RecruitingSurvey.com wants to know about your opinions and experiences of recruiting online. Take our first survey, “Measuring the Effectiveness of Major Job Boards”, to rate top job boards such as Monster, Hotjobs, and Careerbuilder, and hear what your peers have to say.

• What percentage of applicants meet stated requirements?
• How many major board candidates make it to the short-list?
• What is the quality of the average applicant?

Want to see the results? Take the survey to get access.

2. Knowledge is Power. Get your free Guidebook to Online Recruiting from Yahoo! HotJobs and learn how to:

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A Note From The Editor

Employment Domains For Sale

1) 100kpluscareers.com
2) Biotekcareers.com      
3) Brokeragecareers.com    
4) Careers4dr.com
5) Careers4nurses.com
6) Consultingcareers.com    
7) Consultingcareers.com
8) Contractcareers.com
9) Creditstaffing.com
10) Directcareers.com

See complete list >>

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Breaking News

Monster Buys Emailjob.com for $26 Million

Monster Worldwide Inc., operator of the world's largest job search Web site, said Monday that it acquired French online recruiter Emailjob.com for $26 million from trade show organizer Reed Expositions France and company founder Didier Ryckelynck.

Full Story >>

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Today's Recruiting News Headlines

View more HR/employment news headlines or our Recruiting Newswire. Please send us your press releases. Click here for submission instructions.

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Featured Recruiting Jobs

This section highlights several recruiting related positions recently posted on Recruiting Jobs. To view all jobs or to register for a career agent click here.

Looking to hire recruiting professionals?  Post a 60 day job posting ad on RecruitingJobs.com for $225 and be featured in The Recruiting News.
Register to post >>

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Weekly Article
Job Board Industry Closes a Productive 2004

By any standards, 2004 was an excellent year for job boards. The economy improved in most industries. Hiring increased, encouraging more job seekers to return to online job hunts they’d abandoned in despair during the dark aftermath of the dot com collapse.

A recent survey by outplacement guru John Challenger, of Challenger, Gray and Christmas, found that executives in the fourth quarter of 2004 were being hired at the fastest pace in three years. These managers needed only three months on average to find new positions, the shortest amount of time since early 2001. Management hiring traditionally foreshadows trends in other areas of the employment market. “With the right skills in the right industry, one’s job search could be significantly lower than the average,” said Mr. Challenger.

With more jobs to fill, companies turned increasingly to the most efficient way of casting a wide net for candidates, the Internet. They purchased more job ads on employment Web sites than in 2003, especially from sites that have a track record of providing top candidates. Revenues on these job boards consequently rose sharply.

“This was a very strong year in the job board world," said Don Firth, the founder of Nicheboards.com, the largest alliance of niche job boards in the U.S. The 11 Nicheboards.com member Web sites, each focusing on different industries, drew a combined total of more than three million visitors per month. Their revenue growth ranged from 20 to over 100 percent. “Our customers recognized the value targeted sites such as ours can bring to them.”

Firth is also the creator of two Nicheboards Web sites, JobsInLogistics.com and AllRetailJobs.com. Revenues at those two job boards, which focus on the transportation and retail industries, grew about 60 percent in 2004. He expects continued growth as recruiters seek the most efficient ways to successfully find top talent. “There’s real momentum out there,” Firth said. “Barring the unforeseen, that’s unlikely to stop.”

The first issue of the year for any publication is always a good time to take stock and look ahead. Below we present the main stories of 2004 and what’s likely to happen this year.

• New growth: The end of the roughly 40-month hiring slump was tonic for employment Web sites. What’s likely: The market should continue its up-tick as business improves for many companies. A number of these firms cut staff when the economy soured but now need employees to address customer demand.
• Prove it: Companies paid extra attention to metrics, meaning they wanted to know how they filled most of their jobs. What’s likely: Expect companies to continue analyzing how they’re filling most of their jobs. Job boards long ago ceased to be a panacea where firms felt assured of finding perfect employees. Companies understand this and are choosing their sites more carefully. They’re weighing not only how many people they hire from job boards but also where they’re paying the least money per hire. Sites that don’t measure up will be cast aside. That bodes particularly well for niche boards that can provide a highly qualified, targeted audience at lower costs than the generalist boards. To wit, CareerXroads, which tracks the job board industry, found that niche job boards combined were well ahead of the best-known generalist employment sites as the source of new employees.
• Give me quality, quality, quality: The era of big volume is over. Recruiters didn’t want to be bothered by hundreds of resumes. What’s likely: Expect companies to place more value on the quality of candidates than quantity. They know that too many applications clog hiring pipelines and make it difficult to pinpoint top candidates. It’s better to choose from fewer, more talented job seekers. “Our clients appreciate knowing that they won’t be inundated by a huge number of unqualified candidates,” said Bill Gaul, the founder of the DestinyGrp.com, a member of the Nicheboards group. DestinyGroup targets military and ex-military personnel looking for work in the civilian ranks. “We provide a highly select audience. If you’re looking for a fish, go to the ocean. If you’re looking for a salmon, go to a small river in Oregon.”
• More and better information: Job seekers rely on job boards to provide information on companies and industries, including tips on compensation and links to other helpful Web sites. What’s likely: All this will continue. The best job boards know they’ll win more customers and a wider audience by sharing their expertise and connections, as well as listing job openings. “If we can be a one-stop resource, we do our clients and job seekers a favor,” said Gaul.

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Special Trials And Discounts

Below is a partial list of trials and discounts that companies have extended to our readers. Click here for full list. If your company is interested in offering a promotion/discount, please contact us.

1. elance.com - Post projects and contractor positions free.

Looking for a freelancer or contractor. Post your project free! Everything from business services, web design, programming and more! Click for more info on elance.com.

2. Recommended Leading Niche Boards - Get Focused, Go Niche.

NicheBoards.com - Gateway to 3 Million Quality Targeted Candidates

Call Center : CallCenterJobs.com
Finance / Accounting : jobsinthemoney.com
Health / Science : Jobscience.com
Hispanic / Bilingual : LatPro.com
Human Resources : Jobs4HR.com
IT Professionals : Computerwork.com
Logistics / Transportation : JobsInLogistics.com
Military Transitioning : DestinyGroup.com
Retail Management / Hourly : AllRetailJobs.com
Telecom / Wireless: TelecomCareers.net
Insurance: GreatInsuranceJobs.com

3. JedaSystems - Free Demo!

Feb 26-27 - Extending Your Brand to Employees Conference
March 17-18 - Talent Management Strategies Conference
March 21-24 - Staffing Industry Executive Forum
March 29-31 -  ERExpo West
March 31-Apr 1 - AESC Annual US Conference
Apr 18-19 - Staff Digest Rendezvous

Complete calendar for upcoming conferences and seminars.

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Site of the Week

RecruitingSurvey.com wants to know about your opinions and experiences of recruiting online. Take our first survey, “Measuring the Effectiveness of Major Job Boards”, to rate top job boards such as Monster, Hotjobs, and Careerbuilder, and hear what your peers have to say.

• What percentage of applicants meet stated requirements?
• How many major board candidates make it to the short-list?
• What is the quality of the average applicant?

Want to see the results? Take the survey to get access.

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Final Note - On The Lighter Side

I saw a sign at the used office furniture store:

Conference Table For Sale - 12 feet by 6 feet and sleeps 10.

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