“Job growth is about to begin,” The Conference Board declared Monday. In the second quarter, says Manpower. “We are already seeing evidence,” insists the Association of Executive Search Consultants. Even coming upon the heels of a robust labor report last week (that fueled a Wall Street mini-rally) these pronouncements probably won’t do much for the pessimists, [...]
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Tech companies are hiring, but not “full throttle,” according to a Boyden’s rundown of various industries and their executive hiring plans around the world. Financial services firms are “cautiously optimistic.” Demand for execs in life sciences is increasing. Retail companies are looking for people who can integrate online and offline sales. Energy companies worldwide are searching [...]
Pharma’s the hottest industry worldwide, according to a Feb. 1 survey from Antal, in partnership with SearchPath International. What’s Hot In order, these sectors have the the highest levels of recruitment at the professional and managerial level 1) Pharmaceuticals; 2) Manufacturing; 3) Engineering; 4) IT software; and 5) [...]
Good news for laid-off employees comes today from Right Management, which finds that only 10% of employers say they don’t rehire past employees. It also found that 18% of laid-off workers are rehired by their former employer. Employers cited the following as their top reason for the rehires: 37% – Familiarity with the job 33% – Understanding [...]
Phony Academic Degrees
October 23rd, 2009
In its new report, “Smoke, Mirrors, and Resumes: The Growing Threat of Diploma Mills,” background screening firm EmployeeScreenIQ claims that phony academic degrees are a “constant presence in email inboxes, and their popularity is exploding with job candidates” and feed on applicants “who will do anything to enhance their resume” in a tough hiring market. The company [...]
Good to see some not-too-bad news: Korn/Ferry is up pretty sharply (8%) as the market opens. The company says: -Things are stabilizing but the future economy and labor markets are up in the air -Executive searches opened are down 30% (1,352 vs. 1,920) -Average fee per engagement is down 16% More details here.
Even in the uber-cyclical recruiting business, where search firms like Heidrick & Struggles are taking their names literally, there’s no time like the present, apparently. That is the case at least for Jeff Perkins. He had been managing the corporate recruiting team at Invista, a subsidiary of Koch. His team went from 13 people to five. [...]
Jordan Rabyboy is one of my recruiting heroes. Not only was this million dollar Big Biller rookie of the year at MRI when he first came upon the recruiting scene at Sales Consultants Plantation, Florida, but he has maintained his Big Biller status while being totally virtual and traveling around North America in a [...]
‘You Mean You’re a Body Shop?’
January 13th, 2009
Admit it, at least once you’ve all heard these words come out of the mouth of your prospect. It’s not a good feeling and it certainly doesn’t articulate the value that we deliver to our clients each and every day. Next thing you know, you are reeling to turn the conversation around and convince the [...]
Recruiting Predictions for 2009
January 9th, 2009
David Manaster, ERE Media’s CEO, shares his views on how recruiters will fare in 2009. Among his nine predictions: don’t expect recruiting activity to pick up again until after companies’ profits rebound; recruiting stocks will eventually bounce back (optimism for Monster, Taleo, Manpower, etc.); and recruiters will shift toward the most cost-effective tools that offer [...]
Our sister publication, ERE, interviews leading recruiters at RecruitFest about how they are adjusting their strategies to cope with the current economy. Gain insight into some of the changes that top recruiters are making in order to prosper where others are struggling.
ERE was at RecruitFest in Toronto last week. Organized by Jason Davis, it featured some great speakers such as Susan Burns, Scott Love, Craig Silverman, and John Sumser. We asked speakers and attendees about what changes and challenges to expect in 2009.
Say It Ain’t So: Paying Candidates for Placements?
September 12th, 2008
Have you heard the one about the new career network that shifts the commission fees to the candidates? If you’re waiting for the punchline, sorry, but this is no joke. The reality is that PaidInterviews has launched a new service that pays candidates when hired. It combines social networking and matching technology in a new way, [...]
SearchPath going public. The company says it is “the nation’s fast-growing talent acquisition professional services firm, with more than 60 offices opened in its first 30 months.”
As a kid, I remember watching tv (yep, black and white) while staying up late on the weekends. I’d always get scared to death every time I saw the short commercial that came on and said: “It’s 10:00pm, do you know where your children are?” Anybody remember that? I thought the only reason they ran [...]
Addison buys HireSynergy.
For its 25th anniversary, Express does its part to banish the word “personnel” from the business lexicon.
It was a bad day for Spherion and its stock, which was down a sharp 11% Thursday. Pessimists may see it as a sign of a bad recession; optimists (me) are saying, “wait a second, it’s still doing well over half a billion dollars in revenue in three months.” We’ll know more on the 29th.
The search giant is running a new campaign for itself, called “The Art & Science of Talent.” Meanwhile, it redid its website in keeping with the new theme. Korn/Ferry’s emphasizing what most every HR/recruiting/talent/OD/related consulting company and their brother are emphasizing … that they handle the full-life cycle of talent acquisition and talent management — they don’t just [...]
Alan Lee, who has been involved in recruiting (and downsizing) at Coca-Cola and NationsBank, and Gregg McCormick, a Gartner VP, share how their experiences in tough economic times have shaped their views on the use of contract recruiters vs. full-time recruiters. Lee: In the downsizing at The Coca-Cola Company, we did have some contract recruiters on our [...]
Weak U.S. temporary employment growth and economic uncertainty, along with restructuring charges, impacted fourth-quarter earnings at two of the world’s largest staffing companies. Both Manpower and Kelly Services reported lower net income for the quarter ended Dec. 31. Both companies reported operating profit gains in the double digits, and per-share earnings were above analysts’ expectations. Manpower [...]
Salaries in the third-party recruiting industry didn’t rise much in 2007, but stock options and equity ownership played a bigger part in overall compensation. Those are two of the findings in a research report from staffing-software maker Bullhorn. In a field where commissions and bonuses make up a large part of a recruiter’s pay, it appears [...]
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