We all know what active candidates are, they have their resume prepared, they are on the major job boards and they are actively applying to jobs. What is a passive candidate? The common definition is that passive candidates are not actively looking and they have to be pursued.
Are candidates open to job inquiries on Linkedin.com, and other networking sites active or passive? The transition from passive to active is a click, literally.
Once a candidate prepares their resume, dusts off an old one, or reactivates it on a job board, they are now officially considered active. The second a candidate becomes active, he or she is a couple clicks away from accessing millions of opportunities on the Internet.
There is a perception that passive candidates are of higher value than active candidates. Doesn't that directly conflict with the belief that top candidates get multiple offers and choose among them? How could a candidate get multiple offers without sending their resume out multiple times? The reality is that both passive and active candidates are valuable. Instead, there should be two categories: Active and Ultra-Active. Ultra- Active candidates are on every job board and apply to many jobs they are not qualified for and they remain on job boards for a longer length of time.
Candidates that are too passive may also raise a flag. Being passive is not a good trait as an employee, why should it be a good trait as a candidate? After all, marketing yourself and maximizing your worth is a trait of motivated individuals. Companies should focus instead on casting a wider net, rather than narrowing the net to a specific set of candidates.
YourLeap, based in Stamford, CT helps companies cast the widest net possible to maximize their chances of attracting the best candidates, passive or not.
Showing posts with label rpo. Show all posts
Showing posts with label rpo. Show all posts
Friday, August 1, 2008
Metrics, Statistics and Marketing
Monster claims they have over 25 million resumes, but Monster allows you to post different versions of your resume. So how many are unique and how old are they? CareerBuilder claims they have more page views than any other job board. Is that because more results are returned since they default at a 20 mile radius search vs. Monster's 15 mile default?
Recruitment Process Outsourcers claim they decrease your cost and time to hire. I have heard statistics as absurd as reducing average time to hire to 8 days. Can any RPO free up hiring manager schedules, remove vacations, and get all the decision makers together to decide? All while getting top talent, that is usually employed and busy, free to quickly interview and then decide within days?
Even more absurd: the notion that a RPO's proprietary database produces better results than all the major job boards. Just one major board, Monster.com had revenue of $1.4 billion last year. According to Gartner, the entire RPO industry, including all it's players are only a $1.3 billion market. If any single RPO's had a database more valuable than Monster alone, they would be better served getting in to the job board business.
There is a lot that companies have to filter through when deciding on RPO. Companies ask what resources can a RPO give you that they can't get themselves at some price? And is that price worth the risk?
YourLeap, based in Stamford, CT has a unique approach to RPO. YourLeap gives you whats most valuable to you without all the fluff. They don't claim to be more valuable than the job boards, they feel that if boards were used effectively, many companies wouldn't need to outsource any of the recruiting process. YourLeap industry experts post your position and search daily on all the major boards and hundreds of niche boards. The results are easy to access by logging in to YourLeap.com and viewing the pre-sorted responses from all the major job boards, as well as the hundreds of niche boards they post to. YourLeap provides this to you in an easily scalable and cost effective way.
Recruitment Process Outsourcers claim they decrease your cost and time to hire. I have heard statistics as absurd as reducing average time to hire to 8 days. Can any RPO free up hiring manager schedules, remove vacations, and get all the decision makers together to decide? All while getting top talent, that is usually employed and busy, free to quickly interview and then decide within days?
Even more absurd: the notion that a RPO's proprietary database produces better results than all the major job boards. Just one major board, Monster.com had revenue of $1.4 billion last year. According to Gartner, the entire RPO industry, including all it's players are only a $1.3 billion market. If any single RPO's had a database more valuable than Monster alone, they would be better served getting in to the job board business.
There is a lot that companies have to filter through when deciding on RPO. Companies ask what resources can a RPO give you that they can't get themselves at some price? And is that price worth the risk?
YourLeap, based in Stamford, CT has a unique approach to RPO. YourLeap gives you whats most valuable to you without all the fluff. They don't claim to be more valuable than the job boards, they feel that if boards were used effectively, many companies wouldn't need to outsource any of the recruiting process. YourLeap industry experts post your position and search daily on all the major boards and hundreds of niche boards. The results are easy to access by logging in to YourLeap.com and viewing the pre-sorted responses from all the major job boards, as well as the hundreds of niche boards they post to. YourLeap provides this to you in an easily scalable and cost effective way.
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.
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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