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Summer: Time for A Dip In The Recruitment Technology Pool

By: Doug Hay Monday June 2, 2014 comments

Summer: Time for A Dip In The Recruitment Technology Pool

We've been telling you for months now that the reliance on job boards and other traditional means of recruiting will decrease as new technologies make their way on to the market.  As the hot summer days approach, more companies are dipping their toes into the recruitment technology pool, searching out new tools that will make the recruitment process more efficient.  A recent Wall Street Journal article gives tangible evidence of this by highlighting a company that has not only dipped their toe in the pool but taken a full body plunge. ... Read More


Referring a Current Employee Can Make Sense

By: Jerry Thurber Tuesday May 20, 2014 comments Tags: Employee Referrals, recruiting trends

I think the guy I go to lunch with everyday really would be great as a business analyst in the IT department but I don't think anyone over there takes it seriously when he applies for a job. I want to formally refer him next time they have an opening. We've been having an interesting dialog with some of our customers about whether or not they would include current employees in their referral programs. Our application, Referral Link, automatically searches an employee's network and prompts them about potential candidates they could refer.... Read More


The True Cost of Turnover Part 3

By: James Dix Tuesday May 13, 2014 comments

The True Cost of Turnover Part 3

Part 1   Part 2 While there are many ways to retain current employees, one of the best ways to reduce turnover is to start with the right employee during the hiring process. Compared to job boards and career sites, the best hires are employee referrals. The time to hire is the shortest, and referred employees stay the longest . Referrals promote workplace diversity . Referred employees have the highest chance to fit in culturally . The impact from turnover on customers and other employees is hard to measure, but is an... Read More


The True Cost of Turnover Part 2

By: James Dix Thursday May 8, 2014 comments

The True Cost of Turnover Part 2

Two days ago in part 1 of this blog , I wrote about the broad classifications of turnover costs. Today I will be looking into the specifics. Drawing inspiration from The Cost of Turnover by Hinkin and Tracey (Cornell Hotel and Restaurant Administration Quarterly, 41 (June): 18), the following are individual costs to consider as part of turnover: Separation Costs Exit interview Paperwork processing Severance pay Recruiting and Attracting Costs Advertising Search and agency fees Internal referral... Read More


The True Cost of Turnover Part 1

By: James Dix Tuesday May 6, 2014 comments

The True Cost of Turnover Part 1

Defining an average cost of turnover can be misleading - even within a specific industry, too much variance occurs from geography, company size, internal practices, turnover rates, and many other reasons. Instead of pinpointing an exact overall cost, over the next week, I will be exploring specific costs that apply to organizations throughout the turnover process, and I will be including some nontraditional measures that are wholly justifiable. Overall, the costs can be broken down into five broad categories: separation, recruiting, selection,... Read More


Fast Food, Frequent Flier Programs and 3rd Party Referral Tools

By: Doug Hay Friday May 2, 2014 comments

Fast Food, Frequent Flier Programs and 3rd Party Referral Tools

Fast food restaurants, day care centers and frequent flyer programs are all part of the landscape of today's world.  That was not always the case but each came to be due to a confluence of market forces.  McDonald's was the answer to a growing middle class that was earning higher wages, and thanks to the love affair with the automobile, more mobile. Day care centers became a necessity when women began entering the work force en masse in the early 1970's.  Thanks to the advancement in air travel, businesses looked for global partnerships... Read More


ATTN: Recruiters -- 2.3 Million Employees Quit in a Month

By: James Dix Thursday April 24, 2014 comments Tags: Employee Turnover

ATTN: Recruiters -- 2.3 Million Employees Quit in a Month

According to the Bureau of Labor Statistics (BLS), over the last 18 months, more and more employees have been willing to voluntarily quit their jobs. On the other side, fewer and fewer employees are being laid off or discharged. While this trend could be related to employee dissatisfaction , more confidence in the US job market , or less reliance on employer healthcare , the fact remains that nearly 2.3 million employees quit their jobs each month. The BLS measures turnover (or "separations") in several different categories.... Read More


Yes, that open position is costing you….

By: Doug Hay Thursday April 17, 2014 comments

Yes, that open position is costing you….

Not just money but time, employee morale, and customer loyalty are all "expenses" that continue to accrue when you have an open position. We all know it, but I am here to remind us all, filling those open positions is urgent!  It does impact the bottom line and so much more. Using available technology to reduce time to fill and increase sourcing efficiency is no longer a "nice to have" but a "must have." An account executive at a Fortune 500 company has, at a minimum, a $250,000 annual new business revenue goal. If one of those... Read More


5 Ways Artificial Intelligence Helps Recruiting

By: Jerry Thurber Thursday April 10, 2014 comments Tags: hr innovation, recruiting trends

There are a lot of new trends in HR around data: Big Data, Social Data, Data Analytics. But one area that is gaining ground is the use of Artificial Intelligence in support of HR. (of course many may argue that those of us in the HR products world have always been artificially intelligent - but I won't go there). What I want to discuss briefly here is 5 key ways that Artificial Intelligence can be used to improve the processes of recruiting: finding the right talent quickly. Goes Beyond Key Words : most search and discovery solutions... Read More


Recruiting: The Right Tools for the Right Job

By: James Dix Wednesday April 9, 2014 comments

Recruiting: The Right Tools for the Right Job

When it comes to sourcing new candidates, there're many "tools" that are available: employee referral programs, job boards, LinkedIn, bear traps, "free" coffee. Not all tools are created equal for sourcing - It's about using the right tool for the right job. When building a house, you could use a screwdriver to hammer in a nail, but it'd be better to use a hammer. Hell, why even use a hammer? Hammers are old tech, so why not use a pneumatic nail gun? How long would it take to build a home without the right tools? How long does it take to... Read More