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The Fordyce Letter

Straight Talk for the Recruiting Profession

Articles tagged 'Technology'

Industry News

BountyJobs’ Agency Upgrade Gives Niche Firms New Tools

Bounty Jobs refresh

Bounty Jobs refreshAlmost a decade after its launch, BountyJobs has became a leading broker of executive search job orders, handling nearly $60 million worth of fees last year and earning recruiters an average of $22,113 for every placement.

Yet, even after signing up some 50,000 recruiters, BountyJobs still evokes strong feelings within the industry. The biggest objections today are pretty much the same as they were back in 2006: the BountyJobs marketplace turns job searches into a commodity business cheapening fees and minimizing the importance of the agency-client relationship.

However, fee percentages haven’t been much affected, hovering just above 20%, according to BountyJobs data. And the requirement that agencies work only within the marketplace with client developed there hasn’t been much of a deterrent. In fact, so popular has the site become with agencies that BountyJobs is limiting the number and niche of newcomers.


No Matter How Big the Data, Don’t Neglect the Human


Big data and people analytics are two of the hottest topics in recruitment this year, but for employers yet to explore the world of HR technology, the wealth of information available can be overwhelming. Hiring managers and recruiters have a broad range of tools at their disposal to streamline the hiring process and make it easier to connect with qualified candidates – but where do they start?

In the race to attract and hire top talent, concern understandably exists over the trend toward forgetting the human element. Successful recruitment is about building trust with top performers. Automated recruitment offers time and cost savings, but cannot replace genuine rapport. 

Social Media, Viewpoint

What Unplugging Can Do For Your Career

two men on cell-stockimages-free

In an age of technology where refrigerators can talk to smartphones and cars can parallel park themselves, how are we supposed to unplug? Giving up Facebook or putting down our smart phones seems just about impossible given the amount of connectivity we’ve become accustomed to. But is it good for us to be that connected all of the time?

Think about how much time you spend every day scrolling through a social network (or three), checking your email, or just checking your cell phone in general (even if it hasn’t rung). For instance, as I write this blog, my cell phone is sitting loyally by my side, patiently waiting for the next time I receive an email or a text from one of my kids. My phone is never far from my side, and leaving a notification waiting seems to be getting more and more difficult. Confessions of a smartphone user.

Business, Technology

Old Technology Is Costing You Real Money In Lost Productivity


There’s a word in the recruiting and staffing industry that nobody likes. No one wants to think about it, no one likes to talk about it, and no one really knows a good way to deal with it: downtime.

Agency downtime is one of the biggest money-wasters in an organization; it’s those few seconds or minutes lost between tasks — the time it takes your computer to boot when the system crashes, and the time spent running the same candidate search week after week. It might not sound like much, but seconds turn into minutes, which turn into hours that can quickly add up, especially across larger organizations where it’s a pervasive problem instead of being limited to just one area or division of the company.

Industry News, Staffing

With Temp Hiring Growing, Bullhorn Acquires VMS Vendor

Art Papas

VMS Access logoLarge employers with high seasonal and temp hiring needs used to be the primary users of VMS and MSP services. That began to change more than a decade ago, as companies, witnessing the explosion of contract developers and others by the tech industry, saw the strategic value of bringing on temporary workers.

Ironically, the Great Recession accelerated the process. During the first difficult years, companies laid off their contingent workers before their full-timers, discovering what the seasonal hirers already knew: A contingent workforce can be RIFed quickly without paying unemployment (unless they were the employer of record), severance, or risking the negative publicity that comes with wholesale layoffs.

Betting on the continued growth of the contingent labor market, Bullhorn today announced it acquired its VMS tech partner The Code Works, and its primary product, VMS Access. No purchase price was disclosed.

Ask Barb

Everyone Is Going Mobile. How About You?

Ask Barb

Dear Barb:

During a conversation at the Fordyce Forum last year, you were talking about the importance of having a mobile site for my company. Do you still feel that is necessary? I don’t think that many candidates look for us on their phones vs. their computers?

Jim T.

Houston, TX

Dear Jim:

Ask Barb

You Manage Email, Not the Other Way Around

Ask Barb

Dear Barb:

I receive over 200 emails a day and feel I spend my entire day answering email. How can I manage this and still have time for calls and everything else I need to complete in a day. Emails have become my time management nightmare.

George Z.

Palos Park, IL

Dear George:

Business, Technology

A Mobile App Sampler For Recruting On the Go

InstaJob app

InstaJob appAs someone who is obsessed with mobile and how it can help recruiters and sourcers find and connect with more candidates, I ask you, why aren’t there more apps for recruiters?

If you search the app stores, you’ll find hundreds of them for finding jobs, but very few for finding candidates. I recently embarked on a search of iTunes to look for apps specifically created for recruiters. I excluded things like time and attendance apps of which there seems to be plenty, and concentrated on ones related to sourcing and candidate identification.

Industry News

Free ATS Seeks “Emotional Engagement” Among Users

SmartRecruiters new

SmartRecruiters new“The ATS has to die,” says the man who built a business and made a name on that earliest technological breakthrough for recruiters, the applicant tracking system.

What’s especially ironic is that it’s on the strength of the market’s acceptance of SmartRecruiters, his free ATS, and his vision for how to evolve it, that Rembrandt Venture Partners and others are giving Jerome Ternynck $10 million.

The B series funding was announced today and follows a $5.5 million A round just a bit more than 18 months earlier.

Interviews, Technology

Your Clients Are Video Interviewing and So Should You

Video interviewing

Video interviewingWith the popularity of video interviewing soaring on the corporate side, now is the time for agency and independent recruiters to give it a try.

The advantages of using video to meet and vet your top candidates are obvious: convenience, no travel required, and speed. Less obvious is the opportunity to see how well your candidate performs in front of a webcam, something that will never show up in phone screen. That’s no small detail considering fully 80% of the largest employers in the U.S. — those with 10,000 workers — use live video interviews at least sometimes.

Why? Cost is the number one reason companies use video interviews, according to a GreenJobInterview survey. Of the corporate leaders surveyed, most of them in HR, cost was cited by 88% of them. Second, cited by 56%, was improved time to hire.