Human Capital Solutions for Business Success
Vol. 1, Issue 2
Job Market Barometer
Unemployment Rate
Dec '03 Nov '03 Dec '02
5.7% 5.9% 6.0%
Help Wanted Index
Dec '03 Nov '03 Dec '02
38 39 39
Source: The Conference Board
Recruiting and Retention - Best Practices
Increase your success by going "niche." A number of job boards offer focused searches for today's best candidates:
Finance/Accounting:
www.jobsinthemoney.com
Health/Science:
www.jobscience.com
Human Resources
www.jobs4HR.com
Marketing/Sales
www.marketingjobs.com
Human Capital Stats You Can Use
Stat #1
According to Jupiter Media Metrix, when attempting to get high penetration within your selected market via the Internet, you need to post to more than one site. Why? Because Internet visitors are loyal to their site of choice. For example, 67 percent of HotJobs visitors are exclusive users, while 58 percent of Monster visitors are exclusive.
Stat #2
The Employment Policy Foundation predicts that we will have 4.3 million more jobs than workers in 2011 and 35 million more jobs than workers by 2031.
Contract Recruiting: A Cost Effective Alternative to Contingency Staffing Agencies
By Mike Sweeny, Vice President of Human Capital, TWC
Even in a tough economy, there are job openings. To fill these openings, companies often reach toward traditional contingency staffing agencies (commonly referred to as headhunters). Proponents of agencies may claim it is the ideal arrangement—the company pays only if the position is filled. Upon closer inspection, is it really the optimum method for most companies? Contract recruiting has emerged as a strong contender. Contract recruiting is more cost-effective, delivers better and more consistent service and results in long-term placements.
Storyboard Your Recruiting Script
By Bill Radin, Best-selling Author
You can look at a job order like most recruiters, and see a classified ad. Or you can look at it like I do, and see an episode from The Mary Tyler Moore Show.
Think about
it. Every day, a zillion candidates are being pummeled by recruiters who use the black and white
version as the basis of their recruiting script—a script that sounds strikingly similar to last
Sunday’s classified ad.
It goes without saying that the recruiter who tells a compelling story has a huge advantage over someone who fails to understand—or can’t put into word pictures—the relevancy of a particular search. I’ve found that by storyboarding my presentation, as in a Hollywood action sequence, I can concisely convey information in logical, bite-sized bits.
The Changing Face of Executive Compensation
By Gene Connell, Senior Management Consultant, TWC
The dramatic revelations concerning executive compensation practices at Tyco International Ltd. made headlines when Frank Walsh, a former Tyco director, pleaded guilty to one count of securities fraud for taking an undisclosed $20 million payment from Tyco paid in connection with its acquisition of CIT Group Inc. This scandal, and others like it, has put the spotlight on executive compensation. Just what is fair and what makes sense?