Labor Day - Less Optimism for Workers

clipped from workforce.com American workers will have little to celebrate this Labor Day, according to a new report. The study, from the liberal-leaning Economic Policy Institute, examines the recession-recovery cycle that started in 2001 and finds that for the first time on record, middle-class families are at or near the end of a recovery without ever having regained the ground they lost during the recession that preceded it. The study also said job growth has been slower and unemployment stints longer. “[Gross domestic product] and historically high productivity growth should have raised paychecks up and down the income ladder, but instead, the benefits of that growth have bypassed most of the people who made it possible,” the institute said in a statement.

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Pull Resumes from Google, Yahoo! and Live Search

clipped from www.egrabber.com Resumes are everywhere on the Internet and a simple search will return volumes of resumes. Manually sorting resumes and copy-pasting resume details into a database is a tedious and distracting task to busy recruiters. A successful recruiter is distinguished by her ability to consistently source new candidates, screen & process resume volumes quickly and connect with more candidates within a short time. Well, ResumeGrabber Pro can help you do just that. ResumeGrabber automatically extracts name, address, email, phone number and other candidate contact details and enters them, along with the resume, into your database. It can also screen resumes based on keywords (educational qualification, skill set, experience, location, etc). Now, you can save 90% of the time you would normally spend on resume extraction and screening. Download your 10-day free-trial version of ResumeGrabber today.

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CollegeRecruiter.com in Inc.5000 List

clipped from workforce.com The old college try is paying off for CollegeRecruiter.com. The online job board focused on college students and recent graduates has landed a spot on the Inc. 5,000 list of the fastest-growing privately held companies in the United States. In its 2008 list released Wednesday, August 20, business publication Inc. said CollegeRecruiter.com was among its fastest-growing companies, finishing 1,403rd as revenue jumped from $660,424 in 2004 to $2.4 million last year. Recruiting industry analyst Peter Weddle says CollegeRecruiter.com has been at the forefront of experimenting with the social and viral aspects of the Internet. The Minneapolis-based firm has tapped blogging, podcasts and cell phone text messaging. “They are a good template for how job boards are evolving to be more a part of people’s lives on a daily basis,” Weddle says.

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An Interview with Chandra Bodapati - CEO, eGrabber

Source: RecruitersLounge

Chandra Bodapati, CEO, eGrabber, was interviewed by Jim Stroud, a leading Internet Searchologist and Proprietor of The Recruiters Lounge.

Excerpts of the interview can be found at The Recruiters Lounge

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Externally hired CEO's paid more than internally hired

clipped from workforce.com Chief executives hired externally made far more than their counterparts with at least two years’ tenure as CEO, according to an analysis conducted by executive compensation research firm Equilar. At small-cap firms, externally hired CEOs received a median pay package that was 79.8 percent higher than that of tenured CEOs. Large-cap companies paid external hires 51.1 percent more and midcap companies paid 10.2 percent more. By contrast, CEOs who were promoted from within at mid-cap companies received median pay packages worth 22.5 percent less than chief executives with at least two years’ tenure. Internally hired CEOs were paid 19.6 percent less at small-cap companies and 14.2 percent less at large-cap companies, the researchers said. The difference in compensation reflects the premium that companies must pay when they don’t have a solid pool of internal candidates ready to step in and run the company, said Equilar research manager Alexander Cwirko-Godycki.

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