If Dice Holdings is any kind of bellwether, Q1 is looking like it got off to a slow start for the publicly held job boards. The company reported this morning it earned 12 cents a share on $50.4 million of revenue, which put it mostly in line with what Wall Street was expecting and what the company predicted in January.
However, that was down a penny per share from the same quarter last year, and the analyst estimates were lowered after Dice issued a forecast below what Wall Street was looking for. The other indicator of a general job board slowdown is that most of the $4.3 million increase in revenue comes from the company’s acquisition of Slashdot last year. Taking that out of the equation, Dice Holdings grew organically by $300,000, and the tech and security sector saw a 2 percent increase. (more…)
During the newly reinvigorated and exciting ERE conference, two attendees posed related but powerful questions to me. The first was “What advanced topics should be on the agenda of recruiting leaders at elite firms?” Or as another put it “What should Google be planning to do next in recruiting?”
At least to me, future agenda items are an important topic. Because after visiting well over 100 firms, I have found a dramatic difference between the agenda items that are found on 95% of the firms (cost per hire, ATS issues, req loads, etc.) and the truly advanced subjects that only elite recruiting firms like Google, DaVita, Sodexo, etc. would even attempt to tackle.
So if you have the responsibility for setting agendas or recruiting goals, here is my list of truly advanced recruiting topics that elite leaders would find compelling but that most others would simply find to be out of their reach. If you want to be among the elite, you should select a handful for implementation. However, even if you are currently overwhelmed by your current agenda, you might still find them to be interesting reading.
25 Advanced Recruiting Topics for Bold Corporate Recruiting Leaders (more…)
No one ever said that recruiting was simple, or easy, and if you were listening Tuesday on Day 1 of the Spring 2013 ERE Recruiting Conference & Expo in San Diego, you know that there is an overwhelming desire for how to do it better in today’s rapidly changing, post-recession workplace.
Ron Mester, the president and CEO of ERE Media kicked off the two-day event by observing that recruiting seems to be at a precipice and is viewed by recruiters and other talent managers in one of two very different ways:
- The Golden Age of recruiting is over – We’re not at the strategy table and technology is taking over. Call this the “Wile E. Coyote Group,” or the people who are always worried that the anvil is about to fall on their head. Or,
- This is the time for recruiting to break out and soar — Executives finally seem to understand how important talent really is, and we are all about to become “Masters of the Universe.“
Challenges to Be Addressed (more…)
Jody Ordioni wrote a prescient view about the ROI of social recruiting which posted Monday morning. Monday night I discovered first hand just how prescient, at a recruiting roundtable that marked the opening of the ERE Recruiting Conference & Expo.
I moderated two separate discussions of social media issues in 90 minutes. ROI concerns were uppermost in the minds of the recruiting leaders who joined our conversation. (More than 25 different topics were available at roundtables set aside in the ballroom of the Marriott here in San Diego where the conference is being held.)
It wasn’t surprising that these leaders who hailed from firms both very large and more modest size struggle with proving the value of social media as a source of hire. LinkedIn, I should point out, was an exception. Most of the 20 or so recruiters at the roundtable, and several others I spoke with later at the evening receptions, were enthusiastic users of LinkedIn Recruiter for sourcing. Most, though, admitted that getting their senior corporate managers and leaders to be active in posting and commenting on LinkedIn Groups is a struggle.
What was more of a surprise, and what makes Jody’s article so spot on, is that I heard emerging among recruiters a recognition that social media is a marketing and promotional tool. The effectiveness of sites like Facebook, Twitter, YouTube, even Pinterest is probably not in the number of hires or even applicants a company can trace directly to one of the social media sites. Instead, as recruiting consultants Gerry Crispin and Mark Mehler reported last year, social media is a channel of influence. (more…)
Brought by an Arkansas woman representing perhaps as many as a million customers of the job board, the suit says:
From its inception until September, 2011, TheLadders scammed its customers into paying for its job board service by misrepresenting itself to be ‘a premium job site for only $100k+ jobs, and only $100k+ talent.’ In fact, TheLadders sold access to purported ‘$100k+’ job listings that (1) did not exist, (2) did not pay $100k+, and/or (3) were not authorized to be posted on TheLadders by the employers.
According to the suit, many of the jobs offered on TheLadders were scrapped from other sites with no attempt at verifying how much they paid or even if they were current.
TheLadders issued this statement in response to news of the suite:
We just learned about this yesterday afternoon, and have put it in the hands of our counsel to resolve. We remain steadfast in our commitment to providing the best job-matching service, while serving as the fastest-growing source for professional jobs. In fact, we’re focused on migrating our members to our new online experience, featuring Scout, by April 1, as well as launching our free native iOS app. We continue to be a free resource for recruiters and employers to help them find the right person for the right job.
Five specific counts are alleged in the class action suit: (more…)
Economists were surprised and investors pleased by a jobs report this morning that said 236,000 jobs were created in February, which helped bring the U.S. unemployment down to 7.7%.
Every survey conducted before the numbers were released by the Labor Department had the average prediction showing between about 150,000 and 165,000 jobs added in February. Most also predicted that January’s 7.9% unemployment rate wouldn’t change. ADP’s job count, prepared by Moody’s Analytics and released Wednesday, came the closest to today’s numbers, reporting 198,000 private sector jobs were created during the month.
The private sector created 246,000 non-farm jobs, with the biggest gains coming in: (more…)
My inclination was to ignore it; I’ve got enough to do keeping track of today, let alone trying to figure out what next year will bring. As for 2012, without the perspective of time, it’s hard to tell tell what will turn out to be significant in the long run. A few developments, though, will undoubtedly make the survey.
Social media for recruitment will be there, as will the drive to mobile. My list includes growing buzz over “big data,” even though it’s nowhere near clear how it will eventually make a difference in hiring and workforce management.
Vendor consolidation also makes my list. So too does the changing composition of the traditional workforce composition. By that I mean specifically the use of temps and contractors as a strategic component of the workforce, coupled with the growing cadre of professionals who, having turned to contract work (consulting, to put it politely) out of necessity are finding it suits them and provides a work/life balance companies mostly just talk about.
However, after thinking about my list, I realized that it’s the mergers and acquisitions that will have the biggest impact and will come to be seen as one of the more significant industry developments since the recession forced all of us to completely rethink and restructure what we do.
Much of what went on in 2012 was evolutionary, rather than revolutionary. And this is certainly true of the consolidation of the talent acquisition and HR management system vendors. It has been going on for some time now, though the setting was on simmer. But then SAP’s acquisition of SuccessFactors, technically a late 2011 event, turned up the heat. In short order Kenexa and Taleo got bought up. And later, Bullhorn picked up Sendouts and MaxHire. There were also smaller deals that kept the pot boiling throughout the year.
The significance here isn’t the transactions themselves; it’s what’s behind them and, even more so, what it means for the future. (more…)
The U.S. employment picture is looking decidedly brighter at the end of 2012 than it did a year ago. For its final report of the year, the Bureau of Labor Statistics says the unemployment rate dropped in 45 states in November; nowhere did it rise.
Over the year, only six states showed an increase in unemployment: Connecticut, Maine, New Hampshire, New Jersey, New York, and South Dakota. One — Pennsylvania — had no change. But all 43 other states and the District of Columbia reduced their unemployment during the year. Nevada, which at 10.8% unemployment in November, has the highest rate in the nation, also made the most progress in putting people back to work. The state dropped 2.4 points over the year.
Over the year, nonfarm employment increased in 45 states and decreased in five states and the District of Columbia. The largest over-the-year percentage increase occurred in North Dakota (+4.7 percent), almost all of it due to the petroleum industry and support industries.
The BLS says over the year, 29 states had significant gains in employment, while only West Virginia lost jobs. (-13,800). The largest over-the-year jobs increase occurred in Texas (+278,800), followed by California (+268,600) and Ohio (+100,400).
Dice Holdings, parent company of the IT specialty job site Dice.com, and others in the financial service and energy sectors, says its most recent survey of tech recruiters and hiring managers found that 64 percent of them will add new tech workers next year. Compare that to a second survey of hiring professionals in all sectors, which found only 46 percent expecting to add new hires.
The results of the tech-only survey does show some softening of the market. In the spring, when Dice asked this same question, 73 percent of the respondents expected to make tech hires in the last half of 2012. That tracks with the general job survey in the spring when 51 percent of hiring managers planned second-half hiring. (more…)
This means that the 40,000 site Universe.jobs network, run by DirectEmployers Association, will continue to operate, and can even expand if it chooses. Other job boards now will also be able to use that Internet domain, an extension just like the more familiar .com, .org, and .net. A new round of address issuance is scheduled to open in January.
Industry analyst Kevin Murphy called the decision by the Internet’s addressing authority — the Internet Corporation for Assigned Names and Numbers — “opening the floodgates for third-party job listings services.”
ICANN, which issued a breach of contract notice in February 2011 over how the .jobs addresses were being used, did not explain its decision. Nor, for that matter, has it as yet posted any official notice of its decision. Instead, it posted the request to end the legal proceedings sent to an international arbitration group by registrar Employ Media. An ICANN spokesman called to say additional details were unavailable today, but there may be some tomorrow. (more…)