7 Stats about Candidate Sourcing in 2013

7 Incredible Stats about Candidate Sourcing in 2013

 by Allison Reilly 

  

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Recruiting has changed a lot over the past few years, and it's still changing. If you're not changing with it, particularly your candidate sourcing, then you're going to miss out on great talent by selecting your candidates from such a small pool of the population. In fact, there is probably a thing or two that you can do differently, as the following seven incredible stats will illustrate. Candidate sourcing may not be what you think it is.

Over 2.8 Million Jobs are Advertised on Craigslist

Recruiters like to scoff at Craigslist, citing it as a place that can't possibly find white-collar jobs or serious professionals. Craigslist can be hit or miss, but that doesn't mean you can count it out, especially since it is the predominant player when it comes to publicly available job ads. It's certainly not social media, where LinkedIn only has 256,000 job ads. This chart is a snapshot of a four-year period, with the final numbers representing April 2013.

Dice is the Best Source for Technology Hires, while Monsters is Great for Manufacturing

"What we would recommend to any provider, or to any company looking at [their] job marketing strategy, is that it's really more important to look what are the type of positions you're hiring for and what is your industry," said Ray Rike, chief operating officer at Accolo. "Then, you get a little more granularity into what is the best place that candidates are likely to see your job."
LinkedIn doesn't even have half the tech industry jobs that Dice has, while LinkedIn only has about two-thirds as much as Monster in manufacturing. In the retail, financial services, and insurance industry, Careerbuilder leads in all three. This is because the types of jobs in these industries don't necessarily attract the people who are going to be promoting their skills and resumes on LinkedIn.

Social Network Statistics are Compelling

The previous two statistics said that LinkedIn wasn't worth the time. It doesn't have the market share and it's really not the place for positions in certain industries. However, don't count out social media recruiting quite yet. Below are a few compelling statistics that show it is the recruiting strategy of the future.

• LinkedIn has 202 million members
• 36% of its members are in the US
• It accounted for 40% of mobile job views
• The site as 90% revenue growth in its talent solutions last year

Even so, LinkedIn isn't the only social network out there. The big takeaway in social media recruiting is that Twitter, yes Twitter, is the fastest-growing network for certain demographics (40,000 new members per day) while being the most underused social network for recruiting. In fact, this leads us to our next incredible statistic:

LinkedIn is the Slowest Growing Social Network for Those 25 to 44

"For those of you... who say that LinkedIn is dominating social network growth, especially for hiring, I would ask you to challenge that bias," Rike said. "We were on the LinkedIn wagon five years ago, and although we're seeing more jobs there, we're also seeing more candidate fatigue."
Rike hypothesizes that if recruiters only focus on LinkedIn, they risk continued and increased candidate fatigue, leading to increased possibility of missing out on passive candidates who may be on the site.

If these incredible stats have changed how you think about your current sources of hire, then you need to view this webinar:
"Amazing Charts & Stats About Candidate Sources for 2013."
The 60-minute webinar features interesting hiring stats about job board performance including CareerBuilder, Craig's List, DICE, Indeed, Job Central, (The) Ladders, Monster, Simply Hired as well as compelling hiring stats about social networks including LinkedIn, Facebook, and Twitter. Access the webinar now.

Could A RECRUITMENT PROCESS SUPPLEMENT (RPS) Solution Be The Answer To Your Recruiting Challenges?

THURSDAY, NOVEMBER 21  2PM EST            

Are you having a challenge keeping up with your hiring needs, finding the right talent or spending too much on recruiting fees?  This webinar will walk you through how a Recruitment Process Supplement solution may be the right answer.

Recruitment Process Supplement is a fairly new but growing solution where a RPS firm will partner with your organization to have one of, or team of, their recruiters help you with whatever recruiting function you need assistance.  These firms not only provide you with experienced recruiting support, but often these recruiters come with large databases, strong data mining techniques, behind the scenes recruiting support and leadership.  Solutions can range from handling difficult searches, or simply supporting your team with sourced and screened candidates to complete recruiting outsourcing.  Typically, the only fee you pay is an hourly fee.

This webinar will talk about what kinds of companies and situations benefit from this type of solution, how to choose the right firm, how to determine the right support level, tips to maximize integration into your process and ideas on how to structure the right deal for your organization.  No sales will be done in this webinar, only information for you to decide if this solution can increase your organizations effectiveness in hiring, reduce time to fill and recruiting costs.

To sign up, please email Jeff Taylor at jtaylor@skywalkgroup.com

Exit Interviews - A Missed Opportunity

A colleague of of mine wrote this about Exit Interviews.  ...a very good reminder for us all.

Exit Interviews- A Missed Opportunity

By: Sarah Hall

My first exposure to the idea of an exit interview was in a college lecture about underutilized evaluation tools. My grad school professor painted the picture of a generic survey completed and stashed away into a termination file, never to be looked at again. The protocol of a human resources generalist awkwardly asking an often disgruntled employee a series of questions about how they feel about the organization, and if they would recommend a friend to work there has caused us to undervalue the concept of the exit interview for too long. In truth, the exit interview is a gem of a tool that, if utilized correctly can serve as a powerful engagement resource.

It’s the question that counts

If your exit interview form is an outdated photocopy of generic questions with an accompanying 5-point Likert scale, throw it out. Exit interview questions should provide insight into the true reasons employees want to leave your organization. Starting a new job is often a painful process.  New employees must adjust to a new routine, team members and processes. Additionally, leaving a job to start a new one is a gamble. There is no way to guarantee that what someone is walking into is better than what they left…yet people choose the difficult unknown path over their current jobs every day. There is a reason for this, and there is incredible value in finding out why. When you have the opportunity to ask someone why he or she chose the unknown over your organization, take it! Is it about leadership, money, benefits or culture? You won’t know until you ask. A few of my favorite go-to exit interview questions are:

·      Do you feel as though you were able to build strong relationships with co-workers? 

·      Did your manager set you up to succeed?

·      Were you given an accurate preview of what the job would look like during the interview process?

·      Was your decision to leave caused by a single event?

·      Did you receive timely and appropriate feedback about your performance?

Rather than ask a ton of questions, try to cover the basics and dig in as deep as you can. For example, the information you gather by asking: Did you receive timely and appropriate feedback about your performance? May provide insight into the performance review process, organizational leadership or any one specific manager. The interview process should resemble a conversation, and the more relaxed and engaging you are, the more valuable information you will be able to collect from fewer questions.  

Good information gone to waste

It’s unfortunate that often times the completed exit interview is reviewed by one person and stashed away into an employee termination file. All of that glorious insight into your organization is sitting untouched in a dark cabinet. Take every opportunity to share the findings from an exit interview with your leadership team. If you have significant turnover, look for patterns. You can only drive meaningful and effective change if you have a grasp on what needs to be changed, and why.

Sharing exit feedback is not enough to reap the full benefit of their value. Save interview findings for a specified time period and use that feedback as you formulate your strategic plan for the next year. Or better yet, commit to a regular exit analysis with your senior leadership team on a regular basis. What finer guidance than the honest, candid feedback from people who chose leave your organization? Exit feedback is critical as you think about leadership development, engagement and determining a compensation strategy.

Turn the tables

I never understood why we often wait until employees are fed up enough to leave the organization to ask about how things are going. Consider talking to employees from a different perspective and facilitate a STAY interview. Why do you choose to stay with our organization? What are we doing well? What can we improve? The same caliber of valuable information is collected in a stay interview- and we don’t have to backfill a position!

Exit interviews provide a wealth of insight into what is going on in your organization. Consider implementing a robust strategy for collecting information related to why people leave (or stay with) your organization, and watch how quickly you will be able to align your exit process with the strategic goals of your organization!

How Online Dating Skills Can Improve Your Job Search

...and interesting article from Good.co on the parallels of online dating and searching for a job.

Ladies and Gentlemen: you’ll be pleased to discover that those hours of your life you’ve wasted on OKCupid, e-Harmony and Match.com may come in handy – your online dating skills can help you improve your job search. How?
Finding the perfect company is a little bit like online dating… minus the fake names and creepy messages, of course. It can be overwhelming at first. There are thousands of potential matches out there, many of which you would probably enjoy – however, there’s a major difference between Mr. Right and the dude you let take you out to dinner because you’re flat broke, desperate, and sick of eating ramen noodles with your cat.
If there’s one thing more important than finding a job you love, it’s finding a company that you love. A job might make you happy in the short term, but being with a company that shares your personality, values and ideals will offer you opportunities that can keep you happy in the long term. Ready to improve your job search?

Like online dating, you have to narrow down the pool. Why? Because you want to:
A) Ensure that you don’t waste your time
B) Find a company in which you will flourish
Your first step in the hunt for your ideal company should be similar to how you’d proceed on an online dating site. Spend some time getting to the bottom of who you are. What’s your personality? Who are you and what’s important to you?
IMPORTANT: absolute honesty is key here. If you’re not upfront with yourself about your personality, you won’t be able to narrow your search effectively. For example, maybe you’d feel warm and fuzzy if you went to work for a non-profit that encourages volunteerism – but if you don’t give a flip about volunteering, it’s not going to be a good fit (and let’s face it – you’ll seem like a total Bozo every time your team gets excited about a trip to the soup kitchen while you roll your eyes and go back to your spreadsheets.)
So ask yourself – who are you?
Are you an introvert? If so, you should probably mark off the companies that put a big emphasis on teamwork. Are you an extrovert that needs constant action? If yes, then you’ve just marked through a big chunk of employers in the government sector.
Also, consider what is important to you.
What about your personal values? Do you value time off more than money? Making that distinction will definitely narrow down your choices. What about things like religion or politics? Could you work for a company that politically supports an idea that you’re in strong opposition to?
You should even consider your hobbies and recreational pursuits.
Do you absolutely love the arts? Sports? Accounting? (Seriously. Some people do.) Maybe a company in one of those industries would be a perfect match. Or maybe not – you might be the type who wants to keep work and play separate. It’s just as important to know what will make you happy – and what will make you miserable. 
Once you’ve made a list of all the things that define your personality, spend some time searching for a company that fits that profile. Narrowing companies down based on your personality type will not only make your job search faster and more relevant, but you’ll be a much more attractive candidate when you do land that first date…er… interview.
No fake names required, of course.