Where do your candidates come from?

Source: Web MarketingRecruiter.com

ExecuNet periodically surveys their members as to the methods they utilize to land that next great hire..

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AMD, LinkedIn - Layoffs

clipped from www.adotas.com ADOTAS – Chipmaker AMD reduced its workforce by 3%, or roughly 500 staffers. In April, the company laid off 10% of its staff. LinkedIn has announced that it’s cutting 10% of its staff (about 36 jobs). LinkedIn recently raised $22.7 million in funding (in June it raised $53 million). Veoh, an online video-sharing site, also announced layoffs – roughly 20% of its staff, or 20 people. While revenue for the company is reportedly growing, the gloomy economic forecast was blamed on the cuts. In June, Veoh received a $30 million round of funding.

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Fortune 500 Companies Slashing Raises, Planning Layoffs

clipped from workforce.com In coming weeks, a number of Fortune 500 companies are planning to cut merit raises and conduct further layoffs as they continue to wrestle with the economic downturn, according to recent polls conducted by the Corporate Executive Board. As of mid-October, 30 percent of the 100 compensation and benefits executives polled said they were planning to reduce their 2009 merit budgets, while 45 percent weren’t sure yet, according to a poll conducted by the Corporate Executive Board, a Washington-based organization that provides best practices information and support to member companies. “Based on conversations since that poll was conducted, it would seem that more companies have decided to reduce their merit budgets or get rid of merit raises altogether,” said Michal Kislevitz, managing director at the Corporate Executive Board. “Things are changing quickly.”

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Search Personal Homepages on Geocities

Source: eGrabber Newsletters

Yahoo! Geocities is a popular Internet community. Personal home pages on this community will most often have a person’s resume posted as well. Using Google or Yahoo!, you can easily search for matching resumes from these homepages. The search syntax is as follows:

site:www.geocities.com (resume | homepage) Keyword (City, State)

For example, to search Geocities for resumes of java programmers in San Jose, CA, you can use

site:www.geocities.com (resume | homepage) java programmers (San Jose, CA )

You can use this technique to search resumes from popular online communities such as Angelfire, FortuneCity, Tripod, etc.

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LinkedIn launches New Applications

clipped from www.searchengineguide.com This initial roll out features productivity applications that range from gathering information that professionals around you are generating to enhancing your abilities to collaborate and communicate more effectively. You'll be able to work much more closely with your contacts on LinkedIn with tools such as file sharing, project management, business trips and many more. The nine applications that you see live today on LinkedIn include productivity enhancing applications from Amazon, Box.net, Google, Huddle, Six Apart, SlideShare, Tripit, and WordPress as well a Company Buzz application developed by LinkedIn. Each of these applications will help you stay current and competitive as a professional in today's rapidly changing business world.

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Top 10 reasons that makes an Employee Unhappy

clipped from www.rediff.com Unfair rewards and recognition Office politics Un-cooperative team Unreasonable boss Insufficient compensation Constant threat to job security Lack of responsibility in the current job No clear career path Seating location Lack of basic facilities at workplace

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Use a "Forward-Thinking" Recruitment Approach

Source: eGrabber Newsletters

An economic downturn may be the best time to get new recruits. With companies resorting to cost-cuts, corporate downsizing and layoffs are in the news everyday. This is a scenario where organizations actively release top talent into the job market; a rare opportunity with few or no job openings and a considerable pool of available top talent.

A "Forward-Thinking" recruitment approach lets you make the most out of talent that is without work in the market. This is the time to replace weak employees in your company (or at your clients') with the best in the market. Seek out departments or business units in your organization that have the potential to perform or grow during a recession and staff them with new hires. You should also look at long-term recruitment objectives and hire talent that will contribute to growth once the economy rebounds. Understand that it costs much less to hire during a downturn.

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