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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:
The
C Strategy
Employment and
Economy Stats
Special Trials and Discounts
Employment Studies and Trends
Layoffs and Downsizing
Report
Upcoming Conferences
Site Of The Week:
Elance.com
Final Note - On The Lighter Side
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Newsletter Sponsors
1.
Monster
Monster's pre-screening and filtering tools can help
you find the most qualified candidates quickly and
easily. You can target your search to your specific
location allowing you to reach the best local talent
right in your neighborhood.
2.
Resume Grabber
A resume data entry tool to import resumes into ACT,
Online ATS, Other Databases.
More Information >>
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A Note From The Editor
For U.S. newspapers, paper prices add to problems
As if falling circulation, depressed advertising and
competition from the Internet aren't enough, newspaper
publishers face newsprint prices that are lurching
toward four-year highs.
Prices of the paper used to make inexpensive reading
material ranging from newspapers to flyers are running
at about $605 a tonne, up roughly 10 percent from a year
ago.
As one of the major costs in publishing -- about 15
percent of cash expenses -- newsprint is causing
financial headaches for companies whose shares are
already underperforming the broader stock market by an
average of 11 percent.
Complete Story >>
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Breaking News
THE EMPLOYMENT SITUATION: JUNE 2005 - Bureau of
Labor Statistics
Nonfarm employment increased
by 146,000 in June, and the unemployment rate
continued to trend down, reaching 5.0 percent, the
Bureau of Labor Statistics
of the U.S. Department of Labor reported. Over the
month, payroll em-
ployment continued to grow in several industries,
notably professional and
business services and health care.
The jobless rate in June was 5.0 percent, seasonally
adjusted. It has
trended downward since February 2005 and is now 1.3
percentage points lower
than its most recent high in June 2003. The number of
unemployed persons was
little changed over the month at 7.5 million, but is
down by 1.7 million since
June 2003.
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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
The C Strategy
By Peter Weddle
Stripped of its embellishments, recruitment is an
exercise in persuasion. Its purpose is to sell an
employer to an extraordinary candidate. Not any
candidate, not an average candidate, but a person who is
among the best in their profession, craft or trade. Why?
Because these “A” level performers are much more
productive than their mediocre peers. According to the
McKinsey & Company report called The War for Talent,
they provide a 50-100% performance premium to their
employers, adding significantly to sales booked,
customer satisfaction, quality of output and internal
morale. In other words, selling “A” level performers on
the value proposition of your organization as an
employer is the key to winning … not only the War for
Talent, but the War for a Big Bottom Line in today’s
hyper-competitive markets.
Which begs the question: how do we sell to “A” level
performers? In my view, it takes an understanding of two
key factors:
- First, we have to recognize that the best and
brightest have choices. They are highly valued by
their current employer and sought out by other
employers all of the time. To be successful,
therefore, we have to “out-sell” both. We have to
develop and communicate a value proposition that is so
persuasive it compels top talent to buy into our
employer, even in the face of all of that other
competition.
- Second, we have to recognize that consumers, but
especially fickle consumers (and that’s precisely what
top talent is), want a lot of detailed information
about the product they are being asked to buy. And
increasingly, they are turning to the Internet to find
it. According to David Leonhardt of The New York
Times, as people get closer to a buying decision, they
switch from looking at ads on television and in
magazines to conducting research online. Said another
way, they move from general, emotional appeals to
specific, objective information about a product’s
features and benefits.
So,
here’s the point: if we want to increase our yield of
high caliber talent, we have to “out-sell” the
competition with facts presented online. Where and how
should we do that? I recommend the C strategy. That’s
right. Use “C’s” to get “A’s.” Here’s what it involves:
Compelling job postings. “A” level candidates
are not going to be persuaded by the electronic
equivalent of a three-line classified ad or by the
bureaucratic language of a position description. To sell
the best talent, our job postings have to act like
“electronic sales brochures” and include enough
information to (a) answer candidate questions before
they ask them and (b) convince them to do what they
don’t want to do: change (from their employer to yours).
Luckily, the average commercial recruitment site will
permit you to use up to 1,400 words for a job posting;
that’s the equivalent of two typed pages of text. Use
every word.
Comprehensive career sites. “A” level
candidates don’t visit a career site to look at jobs,
they visit it to look at the employer—its culture,
values, mission and career advancement opportunity. In
short, they want to know whether they’ll fit in and move
up in their profession, craft or trade. They’ll look at
the job postings, but only if they first find the
employer’s value proposition appealing. To optimize the
impact of that message, (a) tailor it to the specific
cohorts of the workforce that you are trying to recruit
and (b) use their vocabulary, not internal corporate
jargon or the language of formal business
communications. Remember, your career site isn’t a memo
to the boss, it’s a sales pitch to some pretty tough
customers.
Conversation. “A” level candidates hate
soliloquies. They much prefer dialogues. To recruit
them, therefore, we must supplement the “talking at
them” we do in our job postings and on our career sites
with some listening and “talking with them.” For
example, you might (a) launch a recruiter’s blog on your
corporate career site where you can offer a personal
perspective on the culture and potential of your
employer and respond to candidate comments and questions
and/or (b) e-network with prospects by participating in
online discussion boards and listservs that cater to
your target demographic (e.g., sites run by appropriate
associations, alumni organizations, and affinity
groups).
Continuity. “A” level candidates want to be
wooed. They want an employer to invest in developing a
relationship with them, to care enough about recruiting
them to spend the time and effort they need to build
familiarity, trust and confidence in your organization.
To do that, you can (a) invite those who read your job
postings to opt-in to a periodic e-mail communication
that both provides additional information about your
employer and offers tips and insights to help them
advance their career and (b) promote your organization’s
employment brand—its special attributes for “A” level
performers—where the candidates you want to hire hang
out online.
Corrected commentary. American consumers (to
include “A” level candidates) do not judge a product
(whether it’s a new car or a new employer) based solely
on their own observations of its merits. Instead, they
are strongly influenced by the opinions of others around
them. As a case in point, consider the U.S. automobile
industry. Their product is now arguably as good as that
produced by foreign manufacturers, but in many cases,
our neighbors don’t think much of it. Your friends next
door will probably gasp when a new BMW pulls into the
driveway, but they’re likely to have a very different
reaction when you pull up in a Pontiac. And that reality
influences what consumers ultimately buy and what they
don’t. It’s imperative, therefore, that employers do
whatever they can to ensure accuracy in the opinions
expressed about them online. The goal is not to get into
a debate, but rather, to offer the employer’s side of
the story whenever inaccurate or negative comments are
posted online about the employer on blogs and at sites
such as F_ _kedCompany.com and Vault.com.
Today, out-selling the competition for “A” level
performers is a core competency of business success.
That’s not hyperbole; it’s reality. It is the only way
we recruiters can win the War for the Best Talent, and
our victory is the only way our employers can win the
War for a Big Bottom Line.
About Author
Peter Weddle is a recruiter,
HR consultant and business CEO turned author and
commentator. Described by The Washington Post as "... a
man filled with ingenious ideas," he has earned an
international reputation, pioneering such concepts as
Human Capital, Career Fitness and the Internet as a
resource for recruiting and HR management. He has
authored seven books, edited six others and published
dozens of articles in professional and trade magazines.
He writes a weekly column about online recruiting for
CareerJournal.com from The Wall Street Journal and a
monthly newsletter that is distributed worldwide. In
addition, he oversees WEDDLE's Publications, the leading
print publisher of newsletters, guides and directories
about employment resources on the Internet. Known for
their accuracy and usefulness, WEDDLE's publications
have helped to put job seekers, recruiters and HR
professionals on the Information Superhighway to
success. Indeed, the American Staffing Association has
called Peter Weddle the "Zagat" of the online employment
industry. Visit
www.weddles.com.
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Employment and Economy Stats
|
Current Stats
Unemployment Rate:
5.0% in June
Payroll Employment:
+146,000 in May 2005
Average Hourly Earnings:
+$0.03(p) in June 2005
CPI:
-0.1% in May 2005
ECI:
+0.7% 1st Qtr of 2005
Productivity:
+2.6% 1st Qtr of 2005
Source:
BLS.gov
(p) = projected |
Trends Unemployment Rate
5.0% June 2005
5.1% May 2005
5.2% Apr 2005
5.2% Mar 2005
5.4% Feb 2005
5.2% Jan 2005
Employment Cost Index
+0.7% in 1st Qtr of 2005
+0.7% in 4th Qtr of 2004
+0.9% in 3rd Qtr of 2004
+.9% in 2nd Qtr of 2004
Change in Payroll Employment
+146,000(p) in June 2005
+78,000(p) in May 2005
+274,000 in Apr 2005
+110,000 in Mar 2005
+262,000 in Feb 2005
+146,000 in Jan 2005
Source:
BLS.gov |
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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.
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Military Transitioning :
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Employment Studies
and Trends
PERSONAL INCOME AND OUTLAYS: MAY 2005
Personal income increased $23.5 billion, or 0.2 percent,
and disposable personal income (DPI) increased $16.0
billion, or 0.2 percent, in May, according to the Bureau
of Economic Analysis. Personal consumption expenditures
(PCE) increased $0.5 billion, or less than 0.1 percent.
In April, personal income increased $65.4 billion, or
0.6 percent, DPI increased $41.9 billion, or 0.5
percent, and PCE increased $55.4 billion, or 0.6
percent, based on revised estimates.
Complete Report >>
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Layoffs and Downsizing
Report
The layoff and downsizing report can be a great leads source for
candidates.
More information on how to use this section >>.
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Upcoming Seminars &
Conferences
July 19 -
NAHCR Annual Conference
July 26-27 -
CareerXroads
Focus: College Recruiting
Sept 21-22 -
The 8th Annual Recruiting & Staffing Summit
Complete calendar for upcoming
conferences and
seminars.
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Site of the Week
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.
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Final Note - On The
Lighter Side
Kind of funny!!!
The Kiss Off Quiz - Should I Quit My Job?
Check it out >>
(I took the quiz and it said to keep my job - oh
well...back to work.)
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