Recruiters Network


August 10, 2005  

VOLUME 7 ISSUE 26

  
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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:
Social Networking: The Next Frontier of Recruiting
Employment and Economy Stats
Special Trials and Discounts
Employment Studies and Trends
Layoffs and Downsizing Report
Upcoming Conferences
Site Of The Week:
.jobs domain news
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. Internal Corporate Phone Directories - 10% off

If you use corporate phone directories to find suitable candidates, this unique service may be of interest. Corporate Contacts has directories of many companies which list name, direct phone number, title and often email addresses. They have directories for many industries, like pharmaceutical, Big 5 CPA/Consulting, etc. Mention Recruiters Network to receive a 10% discount. Contact Stan @ (301) 587-1819. These directories are a great way to recruit from companies in your industry.

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A Note From The Editor

Upcoming Seminar

The next event in the HireAbility series of Recruiting Best Practice Webinars. This webinar is presented by the CEO of LinkedIn, Reid Hoffman, titled "Recruiting and Social Networking". This event is offered with no cost or obligations to attend.

See the online Invite at this link: http://content.hireability.com/bpe_aug.html

Register at this link: http://www.formdesk.com/linkedin/webinar_ceo_hoffman

Date: Wednesday, August 17, 2005
Time: 11:30am PDT (2:30pm EDT)

Join Reid Hoffman, founder and CEO of LinkedIn, as he discusses the history of social networking and how it applies to recruiting today.

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Useful Links

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Breaking News

The Times Co. Acquires Stake In Job Search Site

THE NEW YORK TIMES COMPANY, along with Union Square Ventures and Allen & Company, LLC, Monday announced that it has purchased a minority interest in the job site meta-search engine Indeed.com for $5 million.

Complete 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

Social Networking: The Next Frontier of Recruiting

Wise employers are looking for ideal applicants for open positions. In most cases, the people they want are not actively looking for a job. They will not show up on job boards or in stacks of resumes. The most desirable candidates are passive job seekers, not active. They are comfortable where they are working, but will change employers for the “right” opportunity. The challenge for recruiters is to find these special people. Traditional meat-market recruiting will not work.

What's the solution for these selective employers? The advice is to talk to people you know---friends, relatives, business acquaintances. Everyone knows someone---or knows someone who knows someone---who may be perfect for that job opening.

Also, people who know you are likely to understand what you're looking for. And they are willing to help you get connected. Do you have time to devote to telephoning everyone who might know a prospective candidate? Most employers do not have time, so there is an opportunity to use technology to ask others for help.

The solution is social networking, the next generation of recruiting. The technology pioneer is a Seattle-based company called Jobster, www.jobster.com. Expect to hear more about this company, its technology, and its success.

The process utilized by this new entry into the job seeking/finding arena is disarmingly simple. First, your company determines what jobs are open and creates on-line advertisements describing the job and the type of person the firm wants to hire. Instead of posting notices on the job boards, company leaders or human resource professionals (depending on the job) send the on-line advertisement by e-mail to everyone they think can help.

One recipient may know of a couple of likely candidates and send them the pre-developed e-mail advertisement. The recipient may also pass the job announcement along to their acquaintances who may know of other people who would be a great fit for the opening. Using this form of viral marketing, the hiring company has plenty of people to choose from.

When several people recommend the same person, chances are good that an ideal candidate has been discovered.

About Author

From "The Herman Trend Alert," by Roger Herman and Joyce Gioia, Strategic Business Futurists. (800) 227-3566 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."

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Employment and Economy Stats

Current Stats

Unemployment Rate:
5.0% in Jul 2005

Payroll Employment:
+207,000 in Jul 2005

Average Hourly Earnings:
+$0.06(p) in Jul 2005

CPI:
Unchanged in June 2005

ECI:
+0.7% in 2nd Qtr of 2005

Productivity:
+2.2% in 2nd Qtr of 2005

Source: BLS.gov
(p) = projected

Trends

Unemployment Rate
5.0% in Jul 2005
5.0% June 2005
5.1% May 2005
5.2% Apr 2005
5.2% Mar 2005
5.4% Feb 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
+207,000 in Jul 2005
+146,000 in June 2005
+78,000 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

Signs of a Tight Labor Market

While corporate leaders and human resource professionals continue denial that the labor market is tightening, numbers and reality tell a different story. People who insist that there is no shortage will soon find themselves in a very difficult reactive posture. Finding and holding good employees will become so challenging that a number of employers will be forced out of business. Those closures will have far-reaching implications. This problem is an international issue, not at all limited to a few communities, a region, one country, or just some industries.

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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

Sept 21-22 - The 8th Annual Recruiting & Staffing Summit
Sept 28 - Diversity Summit West
Oct 19 - 8th Annual HR Technology® Conference & Exposition

Complete calendar for upcoming conferences and seminars.

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Site of the Week

.Jobs Domain Nears August 15 Deadline for Start-Up Period

 .Jobs, the new domain name extension designed for helping companies more efficiently recruit new employees, will conclude its start-up period on August 15. The .jobs start-up period is designed for trademark owners and businesses to reserve their company names in the new ICANN-approved domain name extension. Applications are accepted at ICANN-accredited registrar, EnCirca, Inc.

Complete Article >>

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Final Note - On The Lighter Side

Work Prank of The Month:

Place a note on colleague's desk regarding a bogus project that reads, "I need those monthly BSK numbers ASAP!" Then watch your panic stricken co-worker wander around confused for the rest of the day trying to figure out who wrote the note and what "monthly BSK numbers" are.
 

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