Recruiters Network


July 13, 2005  

VOLUME 7 ISSUE 23

  
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RECRUITING NEWS

To read the newsletter online - visit www.recruitingnews.com.

Recruiting News is a free electronic newsletter published by Recruiters Network. Recruiters Network is the Association for Internet Recruiting. It is a free organization for HR Professionals and Recruiters.

In addition to our newsletter, we offer a free resource center to enhance recruiting success. Visit us at www.recruitersnetwork.com

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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.

1. Guidebook to Online Recruiting Free from from Yahoo! HotJobs

Learn how to:
    -Target qualified candidates
    -Maximize your recruiting dollars
    -Evaluate online vs. newspaper job advertising
    -Write effective online job descriptions

Click here to get your free Guidebook today! 

2. 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.

3. 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

4. HotResumes.com - Search 100,000's of resumes for only $199 a year. Click here to test drive the demo search.

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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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