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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