Thursday, July 31, 2008

Recruiting and Technology

Recruiting and Technology, sometimes they just don't mix.

According to recent statistics, there are over 100 million resumes on the Internet. There are over 4000 job boards, although I stopped keeping count years ago. The cost a candidate pays for sending a resume to hundreds of jobs is a mere click.

Two decades ago, before email and unlimited calling were standard, most resumes came in via fax. If 100 million resumes were each sent to 10 companies, and it took 3 minutes to fax a resume and coversheet, at the cost of 20 cents a minute, it would cost over $600 million for candidates to submit their resumes. A lot of money now, and in 1988 the average home sold for $112,000 and a gallon of gas was 95 cents. The cost to send resumes via email today: close to $0. The cost has now shifted to companies who have to spend time filtering the resumes, all while paying for the job board access to get these resumes.

Estimates point to increased resumes, increased job boards, and easier access for candidates, thanks to job board aggregators like indeed.com and juju.com.

Organizations now have an answer that allows them to navigate through the increasing volume. YourLeap, based in Stamford, CT is emerging as a hybrid solution. YourLeap uses it's access to all the major job boards and hundreds of minor ones, to locate, contact, and screen through the clutter for companies.

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