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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Yahoo to announce layoffs this Week

clipped from www.alleyinsider.com We heard whispers of this last week, and now the Merc is hearing them, too: Yahoo will reportedly announce its mass firings on the earnings call this week. A reader tells us the company has scheduled an all-hands meeting in Sunnyvale on Wednesday, presumably to deliver the message that all Yahoo employees already got from the Merc and Google News. Let's just hope Yahoo isn't dumb enough to announce the firings now and then wait until mid-December to actually make them. Let's also hope the company doesn't cut too few people and then have to go through the same horrific process again in Q1.

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AdBrite cuts 40% Staff to survive the downturn

clipped from www.mediapost.com Online ad network AdBrite is laying off 40% of staff, or about 40 employees, as it restructures amid an economic slowdown chilling both online and offline ad spending. AdBrite is the second company backed by Sequoia Capital to make significant employee cutbacks following the now-famous meeting the venture firm held last week with portfolio company CEOs, stressing the need to control costs and become profitable to survive the downturn.

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Increase in the % Workers participating in Employee Retirement Plans

clipped from workforce.com The percentage of all workers participating in employment-based retirement plans was 41.5 percent in 2007, up from 39.7 percent a year earlier, according to a study by the Employee Benefit Research Institute. Among full-time workers 21 to 64 years old, 55.3 percent were in an employment-based plan in 2007, up from 52.7 percent the previous year, according to a news release on the study issued by EBRI in Washington. Other findings in the study were: • 63.9 percent of workers 55 to 64 were in a retirement plan in 2007, compared with 28 percent of workers ages 21 to 24. • 57 percent of full-time female workers participated in a plan in 2007, compared with 54 percent of male workers. • Florida had the lowest representation of workers participating in plans in 2007, at 42 percent. Wisconsin had the highest participation rate, at 68 percent.

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eGrabber Forms Strategic Partnership with Zoho

Source: eGrabber Press Release

San Jose, CA, Oct 09, 2008 - eGrabber, the leading Silicon Valley-based provider of sales lead and resume data capture and processing solutions, announced ResumeGrabber Pro support for Zoho People. This integration will allow Zoho People users to auto-extract resumes from the Internet, Outlook inbox, PC folders, etc. and have them entered into Zoho People.

The partnership between eGrabber and Zoho will be a wide-ranging relationship that will leverage the complementary core strengths of both these organizations to the benefit of the customer.

"This collaboration with Zoho provides a combined scope with opportunities to significantly extend our solutions to a much wider audience" said Chandra Bodapati, CEO, eGrabber. "This partnership will benefit Zoho People users immensely as it will transform the way they source and process resumes."

eGrabber's solutions will completely eliminate the pain of having to manually screen every resume and copy-paste contact information from each selected resume into Zoho People. One has to simply select the resume or contact information and click on ResumeGrabber to enter resumes into Zoho People.

"This partnership will give recruiters exactly what they need to improve their productivity manifold" said Sridhar Vembu, CEO, AdventNet. "Combining eGrabber's patented data-capture solutions with Zoho People will add incredible efficiency to the workflow and maximize revenues."

ResumeGrabber for Zoho People is priced at an annual subscription fee of $495 only. For more information on the product, please visit http://www.egrabber.com/resumegrabberpro/

Information on all other products, including ResumeFinder, ResumeGrabber Professional and ListGrabber Professional, can be found at http://www.egrabber.com/

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General Motors eyes more job cuts

clipped from www.vindy.com General Motors Corp. is likely to announce further production cuts and possible plant closures as early as next week as it deals with slumping sales and a collapse in its stock price, a person with knowledge of the company’s plans said Friday. The person, who did not want to be identified because the plans are not finalized, said the cuts likely will hit engine, transmission and stamping operations to correspond with a June announcement that GM would close four truck and sport utility vehicle assembly plants. The closure dates for those plants likely will be accelerated, the person said. GM announced last week that its Moraine, Ohio, SUV factory will close Dec. 23, and it has said it will idle assembly factories in Oshawa, Ontario; Toluca, Mexico; and Janesville, Wis., by 2010.

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Micron planning to cut staff by 15%

clipped from www.computerworld.com Micron Technology Inc. and Intel Corp. plan to shut down their joint production of NAND flash memory from a plant in Boise, Idaho, and Micron plans to lay off about 15% of its workforce in another sign that the economic meltdown is taking its toll on some tech companies. The moves are a result of a combination of lowered customer demand and product oversupply in the market, Micron said in a statement. Intel and Micron, through their IM Flash Technologies joint venture, were supplying NAND flash memory from Micron's Boise facility. The shutdown will reduce the joint venture's NAND flash production by about 35,000 wafers per month, in the factory using 200-millimeter manufacturing lines per month. IM Flash Technologies also has a facility in Lehi, Utah, which has 300mm manufacturing lines.

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Retirement Age 67 is the target for 48 percent of US Workers.

clipped from workforce.com Only 48 percent of American workers plan to retire at age 67, with others planning to work longer, according to a survey released by Sun Life Financial. The data also showed that only 46 percent of those surveyed are “very confident” they will have enough money to take care of basic living expenses at 67, and 28 percent are “very confident” they will be able to take care of medical expenses. Younger generations have little confidence that government benefit programs such as Social Security and Medicare will be available when they retire, as 63 percent of workers 30 to 39 years old don’t believe Social Security will be available. The same age group also noted the need for employer-sponsored health care benefits as a reason to work past 67.

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Search Profiles on MySpace

Source: eGrabber Newsletters

MySpace, one of the most popular social networking sites, is no longer the exclusive domain of teenagers. The average age for people on this site is now about 35 years. There are millions of MySpace users and many of them are professionals (potential passive candidates).

The search syntax for finding profiles on MySpace is

site:www.myspace.com keyword

If you are looking for passive prospects from a geographic area, you can include the state code at the end of the search string. For, example, if you are looking for profiles of Certified Public Accountants from California, the search string will be

site:www.myspace.com Certified Public Accountant (California | CA)

Use the above search technique and explore the vast possibilities that MySpace can offer, especially to locate those hard-to-find candidates for your assignments.

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MIT Study - Bias Creeps into Bonus Process

clipped from workforce.com Employers generally believe they are being as fair as possible by rating employees’ performance annually and basing their bonuses on those ratings. But a recent study by a professor at MIT’s Sloan School of Management shows that might not always be the case. In the study “Gender, Race and Meritocracy in Organizational Careers,” professor Emilio Castilla found that despite being in the same job with the same supervisor and receiving the same performance ratings, white men often received higher bonuses than minorities. The study, which examined 9,000 exempt and nonexempt nonmanagement employees at a U.S. company with a workforce of 20,000, compared white male and minority employees who were in the same job and work unit. They also had the same supervisor and experience and education levels.

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Hiring in India affected by US economic slow down

clipped from workforce.com Rising inflation and the downturn in the U.S. economy are forcing Indian employers to slow hiring, freeze wages and fire underperformers to maintain profit margins. “Efficiency and output delivery will be the core mantras at play,” said brand consultant Harish Bijoor. The slowdown is tangible, as the number of information technology and business process outsourcing deals dropped to 78 in the first quarter of 2008 from 109 in the first quarter of 2007, according to India-based research firm Value Notes. By the second quarter of 2008, according to Value Notes CEO Arun Jethmalani, the number of deals slid to 58, down from 101 a year earlier.

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Use Multiple Websites for your Job Posting

Source: eGrabber Newsletters

Surveys show that nearly 17% of recruits found their last job from an ad posted on an online job board. Internet resources are clearly effective as a key component of any effective recruitment strategy. Though most recruiters are unanimous in accepting the above fact, they are a bit pessimistic when it comes to increasing their Internet recruiting capability. They restrict their job postings to a handful of familiar sites.

There are more than 45,000 job boards and career portals in the U.S. alone. Successful recruiters are more open to exploring this pool to find sites that might be appropriate for their openings. Expand your sources to include at least 5 different sites for posting job ads. By including alternative sites in your online recruiting, you can widen your net and attract more number of prospects.

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MphasiS reduces hiring plans by 50 per cent.

clipped from www.rediff.com Bengaluru-based IT outsourcing services provider MphasiS, an EDS company, is reducing hiring plans by almost 50 per cent. At the beginning of this financial year, the company had guided the Street that it would recruit around 8,000 people. It now plans to recruit just 4,000. MphasiS has historically been strong in the banking, financial services and insurance space. It derives over 40 per cent of its revenue from this sector. Two of the world's top five brokerage firms are its clients. AIG, which was recently bailed out by the US government, is also one among its customers. Earlier this week, Hewlett-Packard -- which bought IT services company EDS last month -- said it would make 24,600 staff redundant over three years.

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Build your Candidate Pipeline

Source: eGrabber Newsletters

Finding the right candidate, for the right position, at the right time is the key to making you a successful recruiter. One of the ways to ensure that is by building a strong candidate pipeline. There are two strategies to achieve this - passive and active recruiting.

Most recruiters rely heavily on active strategies for building their candidate pipeline. This is done only when the need for manpower arises - job postings, campus visits, career fairs, etc.

A passive strategy on the other hand, is proactive. You look for prospective candidates even when there is no immediate need. You can passively hunt for candidates through

-	careers section on your company website
-	profile page on social networking sites
-	posting articles / blogs, and more...

By following both these methods to build your candidate pipeline, you can ensure that you get the right hires at the right time.

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