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	<title>ERE.net &#187; John Zappe</title>
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	<link>http://www.ere.net</link>
	<description>Recruiting News, Recruiting Events, Recruiting Community, Social Recruiting</description>
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		<title>Strong Financial Report Sends LinkedIn Stock Zooming</title>
		<link>http://www.ere.net/2012/02/09/strong-financial-report-sends-linkedin-stock-zooming/</link>
		<comments>http://www.ere.net/2012/02/09/strong-financial-report-sends-linkedin-stock-zooming/#comments</comments>
		<pubDate>Fri, 10 Feb 2012 00:09:56 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[News and Features]]></category>
		<category><![CDATA[financials]]></category>
		<category><![CDATA[jobboards]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23908</guid>
		<description><![CDATA[LinkedIn&#8217;s financial report released after the New York markets closed this afternoon is sending its stock soaring in after-hours trading as investors reward the company for its galloping growth that the company predicts will continue this year, and at faster rate than Wall Street expects. LinkedIn closed Thursday at $76.39, down 15 cents. But after [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2011/05/logo_linkedin_92x22.png"><img class="alignright size-full wp-image-19059" title="logo_linkedin_92x22" src="http://www.ere.net/wp-content/uploads/2011/05/logo_linkedin_92x22.png" alt="" width="92" height="22" /></a>LinkedIn&#8217;s financial report released after the New York markets closed this afternoon is sending its stock soaring in after-hours trading as investors reward the company for its galloping growth that the company predicts will continue this year, and at faster rate than Wall Street expects.</p>
<p>LinkedIn closed Thursday at $76.39, down 15 cents. But after investors got a look at the report, the stock climbed up, and within two hours was trading at $83.25, up 9 percent.</p>
<p><a href="http://www.ere.net/wp-content/uploads/2012/02/Job-Board-revenue-for-2012-complete-chart.jpg"><img class="alignright size-medium wp-image-23914" title="Job Board revenue for 2012 complete chart" src="http://www.ere.net/wp-content/uploads/2012/02/Job-Board-revenue-for-2012-complete-chart-250x181.jpg" alt="" width="250" height="181" /></a>The company reported fourth quarter revenue of $167.7 million, more than double its fourth quarter last year. Analysts, who had been expecting the company to finish strong, predicted revenues of $159.7 million. They also expected a 7 cent per share profit. LinkedIn reported earning an adjusted 12 cents per share.</p>
<p>Calling 2011 &#8220;A landmark year for LinkedIn,&#8221; CEO Jeff Weiner said the company would continue to grow this year, putting an emphasis on expanded mobile capabilities, the international market, and plans to &#8220;refresh a number of our pillar products.&#8221; Many of those are recruiting related.</p>
<p>Before today&#8217;s financial report and an after-market conference call, analysts projected LinkedIn would earn 57 cents a share on revenue of $828.2 million. Now, the company says it expects revenue in a range of $840-$860 million. For 2011, LinkedIn&#8217;s revenue totaled $522.1 million.<span id="more-23908"></span></p>
<p>Recruitment provided half the revenue for 2011 and just over half in the last quarter of the year. The relative percentages that LinkedIn&#8217;s three product lines &#8212; recruitment, marketing, and subscriptions &#8212; contribute to the total revenue haven&#8217;t changed much since the company went public last May.</p>
<p>During the question and answer with analysts, Steve Sardello, LinkedIn&#8217;s CFO, said there won&#8217;t be &#8220;a lot of change&#8221; in recruitment pricing this year. Instead, the company will focus on expanding its client base and improving the penetration of the service. He said the renewal rate and add-ons grew by 171 percent, and said most customers now hold between three and four recruiter seats.</p>
<p>LinkedIn has been focusing increasing attention on the international market, and growth there has been slowly edging up. By the end of 2011 it accounted for a third of LinkedIn&#8217;s quarterly revenue. During the quarter the company opened offices in Brazil, India, and Japan, and translated the service into five additional languages.</p>
<p>LinkedIn&#8217;s optimistic outlook for this year is in marked contrast to at least two of its competitors. In the last two weeks both <a href="http://www.ere.net/2012/01/26/monster-lays-off-400-misses-on-revenue-earnings/" target="_blank">Monster</a> and <a href="http://www.ere.net/2012/02/02/dice-reports-strong-4th-q-less-certain-about-2012/" target="_blank">Dice Holdings</a> offered financial guidance that was more conservative than what Wall Street wanted to hear. As a result, the stock of both companies saw a sharp decline.</p>
<p>CareerBuilder, privately held by three media companies and Microsoft, said it had North American revenue of $157 million in the fourth quarter, bringing the total to $627 million. The company publicly releases only revenue for North America. It does not release international earnings or expenses or profit.</p>
<p>However, Gannett&#8217;s CEO Gracia Martore told investors and analysts that CareerBuilder accounted for 82 percent of the company&#8217;s digital revenues. That revenue, the company said, was $181.5 million in the 4th quarter. She also said international revenue was up 40 percent for the job board.</p>
<p>If the four owners of CareerBuilder share its income in proportion to their ownership percentage of its stock, then CareerBuilder contributed $148.8 million to Gannett. (The company owns 50.8 percent of CareerBuilder.) From that figure, it&#8217;s possible to conjecture CareerBuilder had a $293 million quarter, putting it ahead of Monster. Company officials declined to comment on the figures.</p>
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		<title>Taleo Becomes Latest HR Vendor to Be Sold</title>
		<link>http://www.ere.net/2012/02/09/taleo-becomes-latest-hr-vendor-to-be-sold/</link>
		<comments>http://www.ere.net/2012/02/09/taleo-becomes-latest-hr-vendor-to-be-sold/#comments</comments>
		<pubDate>Thu, 09 Feb 2012 18:01:07 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[News and Features]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[talentacquisitionsystems]]></category>
		<category><![CDATA[technology]]></category>
		<category><![CDATA[vendors]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23899</guid>
		<description><![CDATA[Oracle announced this morning it will buy HR software vendor Taleo for $46 a share, a deal worth about $1.9 billion. It&#8217;s the second major acquisition of an HR firm in three months, and continues an Oracle buying spree that&#8217;s so far added some 70 companies at a cost of about $40 billion, according to [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2010/07/Taleo-Logo.jpg"><img class="alignright size-medium wp-image-17169" title="Taleo Logo" src="http://www.ere.net/wp-content/uploads/2010/07/Taleo-Logo-250x105.jpg" alt="" width="250" height="105" /></a>Oracle announced this morning it will buy HR software vendor Taleo for $46 a share, a deal worth about $1.9 billion.</p>
<p>It&#8217;s the second major acquisition of an HR firm in three months, and continues an Oracle buying spree that&#8217;s so far added some 70 companies at a cost of about $40 billion, <a href="http://www.bloomberg.com/news/2012-02-09/oracle-will-purchase-taleo-for-46-a-share-in-deal-valued-at-1-9-billion.html" target="_blank">according to Bloomberg.com</a>. Last fall, Oracle bought RightNow Technologies, a cloud-based CRM provider.</p>
<p><a href="http://www.ere.net/wp-content/uploads/2012/02/oralogo-small.gif"><img class="alignright size-full wp-image-23905" title="oralogo-small" src="http://www.ere.net/wp-content/uploads/2012/02/oralogo-small.gif" alt="" width="133" height="18" /></a>The Taleo deal, however, falls far short of what <a href="http://www.ere.net/2011/12/03/sap-acquires-cloud-hr-vendor-successfactors/" target="_blank">SAP is paying for SuccessFactors</a>. The German tech firm announced in December it would pay $3.4 billion for the HR vendor. The acquisition is key to “accelerating SAP’s momentum as a provider of cloud applications, platforms, and infrastructure,&#8221; the company said in making the announcement.</p>
<p>SAP has run into delays completing its acquisition. <a href="http://www.prnewswire.com/news-releases/sap-extends-offer-to-acquire-successfactors-inc-and-waives-cfius-condition-139000194.html" target="_blank">The deadline for the deal has now been extended for a third time to Feb. 15th</a> while regulators, principally the Committee on Foreign Investment in the U.S., investigates the transaction. SAP said today it was waiving the requirement the investigation first be complete before the expiration of its tender offer. The company said it already has been tendered 86 percent of the SuccessFactors, enough to close the deal.<span id="more-23899"></span></p>
<p>Although the Committee on Foreign Investment could squelch the deal, it&#8217;s unlikely. Delays due to investigations such as the one encountered by SAP are typical. No deals, however, have been blocked as a result, <a href="http://www.pcworld.com/businesscenter/article/249205/sapsuccessfactors_deal_delayed_as_us_regulators_conduct_investigation.html" target="_blank">says IDG News.</a></p>
<p>The Taleo acquisition isn&#8217;t subject to those procedures, since Oracle is a U.S. firm.</p>
<p>Like other major software providers, Oracle is struggling to gain inroads into the fast-growing SaaS market. With companies turning to cloud services because of their efficiency and significant cost savings over buying and installing software on in-house equipment, tech firms like Oracle have been developing their own SaaS programs. Acquiring companies with SaaS products accelerates the process.</p>
<p>Oracle said as much in this <a href="http://www.marketwatch.com/story/oracle-buys-taleo-2012-02-09" target="_blank">morning&#8217;s announcement</a>. &#8220;Human capital management has become a strategic initiative for organizations,&#8221; said Thomas Kurian, EVP, Oracle Development. &#8220;Taleo&#8217;s industry leading talent management cloud is an important addition to the Oracle Public Cloud.&#8221;</p>
<p>Taleo offers both SaaS provisoned HR software, as well as on-premises systems. The company has about 5,000 customers and 2011 revenue of $308.9 million.</p>
<p>Unlike SuccessFactors, which isn&#8217;t profitable, Taleo has had two winning years in the last four. <a href="http://finance.yahoo.com/news/Taleo-Reports-Fourth-Quarter-iw-1932312348.html?x=0" target="_blank">The company released its fourth-quarter and full year financials this morning</a>, following the acquisition announcement. The numbers show the company lost 35 cents a share for the year. In 2010, it earned a penny a share. With adjustments for one-time expenses, including the costs of acquisitions Taleo itself has previously made &#8212; <a href="http://www.ere.net/2011/02/01/taleo-acquires-sonicrecruit-maker-cytiva/" target="_blank">it bought Cytiva last spring</a> &#8212; the company earned $1.06 a share versus 2010&#8242;s 78 cents a share.</p>
<p>In both years Taleo posted a fourth-quarter loss of 2 cents a share. After accounting for one time expenses, the company earned 26 cents a share, <a href="http://finance.yahoo.com/q/ae?s=TLEO+Analyst+Estimates" target="_blank">beating analysts&#8217; 23 cent a share expectations.</a> Its $84.8 million 4th quarter revenue was short of Wall Street&#8217;s $86.8 million estimate.</p>
<p>The Oracle offer sent Taleo&#8217;s stock up 17.23 percent, to $45.65 a share by early afternoon in New York. Oracle&#8217;s $46 a share offer is 18 percent above Taleo&#8217;s Wednesday closing price. SAP&#8217;s $40 a share offer for SuccessFactors was a 52 percent premium over the stock&#8217;s previous price. That differential in just two months lead TheStreet.com to suggest that the premium companies are willing to pay to get into cloud computing is falling.</p>
<p>&#8220;Cloud-based deal premiums are falling as investors and analysts correctly anticipate consolidation between technology giants and specialized cloud players,&#8221; <a href="http://www.thestreet.com/_yahoo/story/11410376/1/googletaleo-deal-shows-cloud-premiums-falling.html?cm_ven=YAHOO&amp;cm_cat=FREE&amp;cm_ite=NA" target="_blank">says TheStreet</a> in an analysis of today&#8217;s Taleo deal. TheStreet notes that the acquisition announcement is also lifting the stock of HR software vendors Saba, Kenexa, and Cornerstone OnDemand.</p>
<p>The price difference may have influenced <a href="https://www.google.com/search?q=taleo%2C+oracle%2C+%22law+firm%22%2C+fiduciary&amp;ie=utf-8&amp;oe=utf-8&amp;aq=t&amp;rls=org.mozilla:en-US:official&amp;client=firefox-a" target="_blank">three law firms to announce</a> they are investigating Taleo&#8217;s acceptance of the Oracle offer. The firms are soliciting shareholders as clients. <a href="http://www.ere.net/2011/02/01/taleo-acquires-sonicrecruit-maker-cytiva/" target="_blank">Taleo has been sued in the past by shareholders.</a></p>
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		<title>Job Board Benchmarking Study Points to a Changing Industry</title>
		<link>http://www.ere.net/2012/02/07/job-board-benchmarking-study-points-to-a-changing-industry/</link>
		<comments>http://www.ere.net/2012/02/07/job-board-benchmarking-study-points-to-a-changing-industry/#comments</comments>
		<pubDate>Tue, 07 Feb 2012 20:39:25 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[News and Features]]></category>
		<category><![CDATA[jobboards]]></category>
		<category><![CDATA[survey]]></category>
		<category><![CDATA[trends]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23856</guid>
		<description><![CDATA[So often pronounced dying, dead, and all but useless for job seekers and employers alike that it&#8217;s passing into legend, job boards somehow manage to rise phoenix-like from the ashes of their pyres to successfully deliver candidates and hires to employers worldwide. For being so out of fashion, so yesterday, job boards manage to come [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2012/02/job-board-benchmarks1.jpg"><img class="alignright size-medium wp-image-23864" title="job board benchmarks" src="http://www.ere.net/wp-content/uploads/2012/02/job-board-benchmarks1-250x179.jpg" alt="" width="250" height="179" /></a><a href="http://www.monsterthinking.com/2011/01/21/job-boards-are-dead/" target="_blank">So often pronounced dying, dead, and all but useless</a> for job seekers and employers alike that it&#8217;s passing into legend, job boards somehow manage to rise phoenix-like from the ashes of their pyres to successfully deliver candidates and hires to employers worldwide.</p>
<p>For being so out of fashion, so yesterday, job boards manage to come out on top or top-adjacent on nearly every source of hire study. In a <a href="http://www.tlnt.com/2011/12/21/bersin-survey-even-in-the-social-media-age-job-boards-drive-new-hires/" target="_blank">Bersin &amp; Associates survey</a> this fall job boards tied for first with internal transfers as the leading source of all hires. <a href="http://www.ere.net/2011/03/17/referrals-lead-social-media-thrives-job-boards-survive-as-hiring-source/" target="_blank">CareerXroads says</a> job boards produced 24.9 percent of all external hires in 2010, second only to employee referrals (27.5 percent).</p>
<p>The<a href="http://talenttech.com/sites/default/files/Surveys/State%20of%20Recruiting%202012.pdf" target="_blank"> latest survey comes from tech vendor Talent Technology</a>, which reports that job boards are the leading source of candidates, according to the 1,100 North American HR professionals who participated. Job boards account for 17 percent of the candidates, followed by employee referrals, which provide 15.8 percent.</p>
<p>What&#8217;s remarkable about the evidence is how few accept it. Even after reporting that &#8220;job boards remain popular and are used to fill 19 percent of open positions – making job boards the No. 1 source for candidates,&#8221; Bersin titled that section of the report &#8220;Job Boards: Not Dead, but Dying.&#8221;</p>
<p>Even more remarkable is how little the job board industry has done to promote itself. The major boards have their own, proprietary data, guarded more carefully than the U.S. does its diplomatic messages. Second tier and certainly mom-and-pop operations have little data beyond gross traffic counts. So for all practical purposes employers do their own market surveillance.</p>
<p><a href="http://www.ere.net/wp-content/uploads/2012/02/IAEWS-logo.png"><img class="alignleft size-medium wp-image-23865" title="IAEWS logo" src="http://www.ere.net/wp-content/uploads/2012/02/IAEWS-logo-250x87.png" alt="" width="200" height="70" /></a>Now, finally, seven years after it&#8217;s founding by Peter Weddle, the <a href="http://www.EmploymentWebsites.org" target="_blank">International Association of Employment Web Sites</a> has bestirred itself to do some serious research about the industry.<span id="more-23856"></span></p>
<p>Financed by Jobg8, <a href="http://www.ere.net/2011/04/07/jobg8-network-grows-as-job-boards-scramble-to-improve/" target="_blank">the job board industry&#8217;s candidate marketplace</a>, 100 sites participated last summer in the first benchmarking survey of commercial employment sites. Before you get too hopeful about the prospects, know that none of the biggest job boards participated, the survey was designed for the benefit of the industry, and most of the results aren&#8217;t being shared publicly. Those that are may be helpful to some buyers; they&#8217;re certainly interesting. More important is that it gives individual sites a yardstick against which to measure their own results.</p>
<p>&#8220;It was,&#8221; confessed Matt Hoffner, president of Jobg8′s Americas operation (the company is HQd in the UK), &#8220;a lot harder than we thought &#8230; Just getting all the terms right was quite a challenge.&#8221;</p>
<p><a href="http://www.ere.net/wp-content/uploads/2008/12/jobg8logo.jpg"><img class="size-full wp-image-5213 alignright" title="jobg8logo" src="http://www.ere.net/wp-content/uploads/2008/12/jobg8logo.jpg" alt="" width="96" height="48" /></a>Still, after struggling through some 65 questions and their accompanying 22 footnotes, <a href="http://im.jobg8.com/uploadedFiles/IAEWS%20Benchmark%20Study2011-%20Final%20Report%20%20%282%29.pdf" target="_blank">the industry found</a>:</p>
<ul>
<li>Three-quarters of a job board&#8217;s visitors are &#8220;window shoppers&#8221; who neither apply for a job nor register. That suggests there&#8217;s a high degree of self-selection that occurs, as the next point demonstrates.</li>
<li>Job postings that direct to a company&#8217;s ATS get five applicants on average. Those with only an email address get 3.3 applications. Niche sites and those in business more than three years have slightly higher apply rates.</li>
<li>Job aggregators (the Indeeds and SimplyHireds) provide about 22.8 percent of a U.S. site&#8217;s traffic and only 11.6 percent in Canada. Depending on the region, sizable percentages also came from the job board&#8217;s own search optimization efforts and their pay-per-click campaigns.</li>
<li>The average site has 3.5 employees; 22 percent have one or less; 9 percent have 30 or more.</li>
<li>Individual marketing expenses varied widely, ranging from 1 to 14 percent. The average is 6.7 percent of revenues spent marketing the site.</li>
</ul>
<p>Hoffner observed that the industry is increasingly aware it needs to do a better job telling its story. From the survey discussions that took place at meetings in Ft. Lauderdale, during the IAEWS Congress in September, and in London, Hoffner said there was a &#8220;clear understanding that we can&#8217;t sit still.&#8221; The public part of the report says, &#8220;Job board owners are looking for new sales and marketing models and resources but expect that promotion and sales efforts will increase in 2012 and beyond.&#8221;</p>
<p>One powerful motivator for putting more effort into promotion, besides simply to stand out from the huge number of job boards in the world, is that organic traffic produces better results than that from aggregators. Says the published report: &#8220;Many participants stated that aggregator traffic was expensive and may not yield the same rate of applications or registered users as traffic from other sources.&#8221;</p>
<p>Board operators are also looking at a changing pricing model. Most sites still charge a fee to post a job; a few charge employers for each click. Hoffner says a &#8220;pay per applicant model came in for discussion. It&#8217;s an evolving pricing model that has the operator share risk with the customer. That&#8217;s a direction they seem to be heading toward.&#8221;</p>
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		<title>Super Bowl 46: Great Game; So-So Ads</title>
		<link>http://www.ere.net/2012/02/06/super-bowl-46-great-game-so-so-ads/</link>
		<comments>http://www.ere.net/2012/02/06/super-bowl-46-great-game-so-so-ads/#comments</comments>
		<pubDate>Mon, 06 Feb 2012 18:11:28 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[News and Features]]></category>
		<category><![CDATA[jobboards]]></category>
		<category><![CDATA[marketing]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23843</guid>
		<description><![CDATA[It&#8217;s a good thing that this year&#8217;s Super Bowl game lived up to its name because the 50+ commercials were mostly just OK. Dogs and babies came out on top. They were the stars of four of the top five favorite ads in the USA Today Super Bowl Admeter. The M&#38;M commercial ranked 4th. However, [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2012/01/chimp_boss.jpg"><img class="alignright size-full wp-image-23533" title="chimp_boss" src="http://www.ere.net/wp-content/uploads/2012/01/chimp_boss.jpg" alt="" width="232" height="157" /></a>It&#8217;s a good thing that this year&#8217;s Super Bowl game lived up to its name because the 50+ commercials were mostly just OK.</p>
<p>Dogs and babies came out on top. They were the stars of four of the top five favorite ads in the <a href="http://www.usatoday.com/superbowl46/admeter.htm" target="_blank"><em>USA Today</em> Super Bowl Admeter</a>. The M&amp;M commercial ranked 4th.</p>
<p>However, it was a such a mediocre crop of ads this year that more than a few newspapers used the word &#8220;Yawn&#8221; in their headline of the coverage. <a href=" http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2012/02/05/national/a143155S05.DTL#ixzz1lclDWnVM" target="_blank">The Associated Press report said</a>: &#8220;The Super Bowl may have been a nail biter, but the ads were a snooze.&#8221;</p>
<p>&#8220;What&#8217;s notable about this year versus others is that advertisers played it safe. As a result, we saw fewer standouts, but we also didn&#8217;t see as many costly mistakes,&#8221; <a href="http://www.kellogg.northwestern.edu/news/superbowl/" target="_blank">said Tim Calkins</a>. He&#8217;s clinical professor of marketing at the Kellogg School of Management at Northwestern University who each year leads the school&#8217;s Super Bowl Advertising Review.</p>
<p>The panel&#8217;s top pick was the M&amp;M ad. CareerBuilder, which ignored criticism over its use of chimpanzees, got a &#8220;B&#8221; grade from the panel. The <em>USA Today</em> audience ranked it in the middle of the pack.<span id="more-23843"></span></p>
<p><iframe src="http://player.vimeo.com/video/35585808" width="525" height="295" frameborder="0" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe></p>
<p><a href="http://www.ere.net/2010/12/27/peta-complains-about-careerbuilders-super-bowl-plans/" target="_blank">The company was blasted last year</a> by animal rights activists who complained about the use of chimps, who, they said, are taken young from their mothers and are mistreated or abused as they&#8217;re trained for commercial work.</p>
<p>CareerBuilder, knowing it would face another round of negative publicity, opted to go ahead anyway.</p>
<p>“The chimpanzees were brought back by popular demand.  It’s been a very successful campaign that job seekers identify with and act upon,” <a href="http://www.ere.net/2012/01/25/like-the-teams-careerbuilders-chimps-getting-an-encore-for-super-bowl-xlvi/" target="_blank">said Jennifer Grasz, a spokesperson for CareerBuilder.</a></p>
<p>Last year, the chimp ad ranked sixth in the <em>USA Today</em> poll. This year&#8217;s version, in which a human is sent on a business trip with a team of prank-pulling chimps, ranks 26th.</p>
<p>And just in case you were wondering, The New York Giants beat the New England Patriots 21-17. The game was a repeat matchup of 2008 when the Giants also beat the Patriots.</p>
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		<title>Unemployment Rate Drops Again as U.S. Adds 243,000 Jobs</title>
		<link>http://www.ere.net/2012/02/03/unemployment-rate-drops-again-as-u-s-adds-243000-jobs/</link>
		<comments>http://www.ere.net/2012/02/03/unemployment-rate-drops-again-as-u-s-adds-243000-jobs/#comments</comments>
		<pubDate>Fri, 03 Feb 2012 14:54:37 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[News and Features]]></category>
		<category><![CDATA[economicdata]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23793</guid>
		<description><![CDATA[Strike up the band. Break out the confetti. The market&#8217;s going to love this. The U.S. unemployment rate dropped to 8.3 percent and non-farm jobs grew by 243,000 in January. This morning&#8217;s monthly report from the U.S. Department of Labor blasted through even the most optimistic of expectations. The jobs gain would have been the [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2012/02/employment-numbers-for-Jan-2012.jpg"><img class="alignright size-medium wp-image-23805" title="employment numbers for Jan 2012" src="http://www.ere.net/wp-content/uploads/2012/02/employment-numbers-for-Jan-2012-250x104.jpg" alt="" width="250" height="104" /></a>Strike up the band. Break out the confetti. The market&#8217;s going to love this. The U.S. unemployment rate dropped to 8.3 percent and non-farm jobs grew by 243,000 in January.</p>
<p>This morning&#8217;s monthly report from the U.S. Department of Labor blasted through even the most optimistic of expectations. The jobs gain would have been the largest since May 2010, except that the Labor Department&#8217;s data group adjusted 2011&#8242;s jobs numbers. Now, only March (+246,000) and April (+251,000) had stronger numbers.</p>
<p>January is the second consecutive month to beat estimates. Economists predicted anywhere from<a href="http://www.marketwatch.com/story/coming-up-us-jobs-report-for-january-2012-02-03?link=MW_latest_news" target="_blank"> <em>MarketWatch&#8217;s</em> tepid 121,000</a> to the more optimistic 182,000 in the <a href="http://www.bloomberg.com/news/2012-02-01/adp-says-u-s-companies-added-170-000-workers.html" target="_blank"><em>Bloomberg</em> survey</a>. None of the widely reported surveys saw a decline in the unemployment rate.</p>
<p>Indeed, the unemployment rate, which has been declining very slowly since hitting a peak of 10.1 percent in late 2009, is now at the lowest point since February 2009. The government report also put the number of unemployed at 12.8 million. A year ago it was at 13.9 million.</p>
<p>While governments continued to cut jobs &#8212; federal jobs were cut by 6,000 and local government cut 11,000 positions &#8212; the private sector added 257,000. This was more than 50 percent higher than the <a href="http://www.ere.net/2012/02/01/170k-new-private-jobs-in-january-says-adp/" target="_blank">ADP estimate earlier in the week</a>.<span id="more-23793"></span></p>
<p>Most sectors added jobs. Manufacturing accounted for 50,000 new jobs. The services sector as a whole added 176,000 workers, with much of the gain coming in what the government calls &#8220;professional and business services.&#8221; This includes temp workers and employment services (+33,200) and accounting and bookkeeping services (+12,500), likely due to ramping up for tax season.</p>
<p>Healthcare, a consistent growth area, was up by 30,900 positions. Leisure and hospitality, another growth area for several months, was up by 44,000. Even the battered construction industry managed to add 21,000 jobs during the month.</p>
<p>Only finance (off by 5,000 jobs) and the Information sector (-13,000) lost workers. The latter sector includes far more worker categories than computer professionals and data processing, although these areas also lost workers. The bulk of the loss &#8212; 7,900 &#8212; came in the motion picture and recording industry.</p>
<p>On top of the strong January numbers, the revisions by the U.S. Bureau of Labor Statistics resulted in improving the overall hiring numbers for 2011 and further. For November and December alone, the BLS revisions showed 60,000 more jobs than initially reported.</p>
<p>Finally, the government said average hourly wages for all non-farm workers rose 4 cents during the month to $23.29. While the average workweek for all workers was unchanged in January, the manufacturing workweek increased by .3 hours to 40.9 and overtime increased to 3.4 hours.</p>
<p>The overall report was so strongly welcomed it sent stock futures soaring before the market opening. The Dow Jones Industrial average futures jumped 95 points.</p>
<p>One cautionary note: <a href="http://www.about-monster.com/sites/default/files/employment-index/MEIJan12FullReport%20-%20FINAL.pdf" target="_blank">The Monster Employment Index</a>, which tracks jobs posted on career sites and job boards, including Monster, has been declining since October. For January, the Index stood at 133, down from October&#8217;s 151. <a href="http://www.conference-board.org/data/helpwantedonline.cfm" target="_blank">The Conference Board</a>, which also tracks online job postings, showed an increase in January, as it did in December. But the total online listings are still not as high as they were in April last year.</p>
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		<title>Sleeping Interviewers, Stale Resumes, and Social Analytics</title>
		<link>http://www.ere.net/2012/02/03/sleeping-interviewers-stale-resumes-and-social-analytics/</link>
		<comments>http://www.ere.net/2012/02/03/sleeping-interviewers-stale-resumes-and-social-analytics/#comments</comments>
		<pubDate>Fri, 03 Feb 2012 10:19:53 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[News and Features]]></category>
		<category><![CDATA[interviewing]]></category>
		<category><![CDATA[metrics]]></category>
		<category><![CDATA[socialrecruting]]></category>
		<category><![CDATA[talentacquisitionsystems]]></category>
		<category><![CDATA[vendors]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23616</guid>
		<description><![CDATA[What would you do if the person interviewing you fell asleep? What Irwin did turned out to be worth $100. You&#8217;ll find out more if you read through this week&#8217;s roundup. And, as a little incentive to make it to the very end, there&#8217;s a link to some nifty free marketing analytics tools. One suggestion: [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2012/02/asleep.jpg"><img class="alignright size-full wp-image-23782" title="asleep" src="http://www.ere.net/wp-content/uploads/2012/02/asleep.jpg" alt="" width="150" height="225" /></a>What would you do if the person interviewing you fell asleep? What Irwin did turned out to be worth $100. You&#8217;ll find out more if you read through this week&#8217;s roundup. And, as a little incentive to make it to the very end, there&#8217;s a link to some nifty free marketing analytics tools.</p>
<p>One suggestion: You might want to keep a glossary of acronyms handy. Those of you who can correctly identify ANSI, ATS, SaaS, and SMB &#8212; you are excused from the glossary requirement.</p>
<h3>Freshening Stale Resumes</h3>
<p>When a resume is stale, but the skills and experience are just what the hiring manager ordered, what do you do? You call, you email. You don&#8217;t hear back. Or if you do, you find out they&#8217;re perfectly happy in the new job they started six months ago.</p>
<p>There goes your time-to-fill right down the drain.<span id="more-23616"></span></p>
<p><a href="http://www.ere.net/wp-content/uploads/2012/01/Brightmove-social-bar.jpg"><img class="alignleft size-medium wp-image-23617" title="Brightmove social bar" src="http://www.ere.net/wp-content/uploads/2012/01/Brightmove-social-bar-250x130.jpg" alt="" width="250" height="130" /></a>Of course, the bright move (watch what we did there) is to keep up with your prospects. BrightMove, the talent acquisition and staffing software vendor, thinks so, too. So just this week the company added a &#8220;Social Bar&#8221; to its toolkit. With a click of the &#8216;sync&#8221; button, BrightMove will pull in your prospect&#8217;s updated info from Facebook, LinkedIn, and other sites.</p>
<p>Now you know without waiting for that callback that your prospect has a new job and a better title than what you&#8217;ve got to offer.</p>
<p>Sure, this is something you can do on your own. And, you will, the first time you pull up a resume. Once you tag it, the process is automatic. BrightMove&#8217;s COO Mike Brandt says everything could have been automated &#8212; no human touch required &#8212; but then no system is smart enough to know which of the<a href="http://www.linkedin.com/pub/dir/?first=michael&amp;last=brandt&amp;search=Search" target="_blank"> hundreds of Michael Brandts on LinkedIn</a> is the one in question.</p>
<p>It won&#8217;t make sense to make the effort for every resume you get. But for your hot, if not immediately placeable prospects, tagging them when you get them and letting BrightMove update them for you, is, well, a bright move.</p>
<h3>Jobaline</h3>
<p><a href="http://www.ere.net/wp-content/uploads/2012/01/jobaline-new-logo.jpg"><img class="alignright size-full wp-image-23622" title="jobaline new logo" src="http://www.ere.net/wp-content/uploads/2012/01/jobaline-new-logo.jpg" alt="" width="139" height="51" /></a>Matching, as anyone who has ever dated or recruited can attest, is an imprecise art. Yet that doesn&#8217;t stop anyone from insisting there&#8217;s enough science about it to improve the odds.</p>
<p>For hiring, I won&#8217;t argue against it, which is why <a href="http://www.ere.net/2011/05/25/behavioral-prediction-a-new-trend-in-talent-acquisition/" target="_blank">when I checked out Jobaline</a> last year I admitted not knowing quite what to think. Besides the usual requirements matching and ranking, Jobaline introduced a &#8220;seriousness&#8221; quotient. On the theory that the more interested and committed a candidate is to a particular job, the more time they will spend filling in all the info the employer demands.</p>
<p>Whether there was any validity to a seriousness ranking, even the founder wasn&#8217;t prepared to say.</p>
<p>A year later and Jobaline, as they say, has gone in a different direction. Today&#8217;s <a href="http://www.jobaline.com/index_c.htm" target="_blank">Jobaline</a> is a sort of job board servicer, where employers post jobs for free, then get to review the basic info about applying candidates. When you see what you like, you pay.</p>
<p>Founder and CEO Miki Mullor calls it &#8220;pay-to-pick.&#8221;</p>
<h3>The Interviewer Who Fell Asleep</h3>
<p>There&#8217;s nothing like explaining to an interviewer just what it is you can do for the company to make a difference &#8212; only to discover they&#8217;re sound asleep. That&#8217;s a pretty clear hint of what your job prospects are like.</p>
<p>Alas that happened to poor Irwin, who was on his first interview after graduating college. Turns out the interviewer was a narcoleptic who, after snoring away for a few minutes, awoke and resumed where he left off.</p>
<p>I don&#8217;t know if Irwin got the job, <a href="http://apps.facebook.com/contestshq/contests/185869/prize_giving" target="_blank">but he did win $100 from OneWire</a> for telling the most memorable interview story in the firm&#8217;s contest. <a href="http://www.ere.net/2012/01/27/take-our-quiz-and-see-who-else-is-thinking-seat-at-the-table/#more-23601" target="_blank">OneWire, as we noted in last week&#8217;s Roundup</a>, is a sourcing, tracking and, most significantly, matching system for the financial industry.</p>
<h3>Quick Hits</h3>
<p><a href="http://www.ere.net/2012/01/13/nas-sold-unrabble-unveiled-icann-implored/" target="_blank">Unrabble</a>, the un-resume, SaaS ATS for the SMB market (we are partial to acronyms here at ERE), has <a href="http://www.marketwire.com/press-release/Unrabble-Launches-Free-Version-of-Innovative-Profile-Based-Recruiting-Solution-1614278.htm" target="_blank">just introduced a free version</a>. It doesn&#8217;t do a lot, but it will give you a taste of a world without resumes.</p>
<p>Looking for a way to measure your branding efforts, or the performance of your career sites (besides just counting apps), or your social media significance? <a href="http://liesdamnedliesstatistics.com/2012/01/20-free-tools-to-evaluate-social-media.html" target="_blank">Here&#8217;s a list of 20 free tools</a>. The list is intended for marketers, but then, isn&#8217;t that what we&#8217;re all becoming?</p>
<p>SHRM&#8217;s latest <a href="http://hrstandardsworkspace.shrm.org/apps/group_public/document.php?document_id=6418&amp;wg_abbrev=swpt06" target="_blank">ANSI standard proposal is available for comment</a>. The draft proposal is on workforce planning.</p>
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		<title>Dice Reports Strong 4th Q, Less Certain About 2012</title>
		<link>http://www.ere.net/2012/02/02/dice-reports-strong-4th-q-less-certain-about-2012/</link>
		<comments>http://www.ere.net/2012/02/02/dice-reports-strong-4th-q-less-certain-about-2012/#comments</comments>
		<pubDate>Thu, 02 Feb 2012 18:58:23 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[News and Features]]></category>
		<category><![CDATA[financials]]></category>
		<category><![CDATA[jobboards]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23750</guid>
		<description><![CDATA[Dice this morning became the second job board in a week to see its stock price drop after reporting a profitable quarter and a year of growth. Hours after the company reported it nearly doubled its fourth-quarter profit over the same quarter in 2010, meeting Wall Street&#8217;s expectations, its stock price took a 16 percent [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2012/02/Dice-2011-full-year.png"><img class="alignright size-medium wp-image-23762" title="Dice 2011 full year" src="http://www.ere.net/wp-content/uploads/2012/02/Dice-2011-full-year-250x164.png" alt="" width="250" height="164" /></a>Dice this morning became the second job board in a week to see its stock price drop after reporting a profitable quarter and a year of growth.</p>
<p>Hours after the company reported it nearly doubled its fourth-quarter profit over the same quarter in 2010, meeting Wall Street&#8217;s expectations, its stock price took a 16 percent beating. In afternoon trading in New York, Dice Holdings was selling for $8.40 a share, down $1.59 on the day.</p>
<p><a href="http://www.ere.net/2012/01/26/monster-lays-off-400-misses-on-revenue-earnings/" target="_blank">Last week Monster&#8217;s stock</a> took a 20 percent hit after it missed analyst profit expectations and announced layoffs. The company earned 11 cents a share, rather than the 12 cents Wall Street expected. Yet, the company grew revenue for the year by about 14 percent and turned 2010&#8242;s loss into a 37 cents a share profit.</p>
<p><span id="more-23750"></span></p>
<p>Dice, however, not only met the Street&#8217;s per share earnings prediction, but its $47.36 million in revenue was slightly ahead of what analysts expected. For the year, Dice reported revenue of $179.1 million versus $129 million in 2010. Profit for the full year was 49 cents a share. In 2010 it was 28 cents.</p>
<p>Those results did little to cushion the company&#8217;s 2012 prediction that revenues and earnings will come in below analyst expectations. For the current quarter, Dice says it expects revenue of $46 million and net income of $7.1 million. Analysts are looking for  $46.83 million in revenue and per share earnings of 13 cents.</p>
<p>For the year, Dice is looking at revenue of $197 million. Wall Street wants $201.1 million.</p>
<p>In the announcement of the company&#8217;s financial results, Chairman, President, and CEO Scot Melland called 2011 &#8220;a terrific year for the company.&#8221; Calling 2012 &#8220;a more uncertain recruiting environment,&#8221; Melland said he expects the company to grow.</p>
<p>&#8220;Our strategic priorities are unchanged: expand the number of customers using our services, capitalize on the global opportunity in our energy vertical and serve more markets around the world.&#8221;</p>
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		<title>Employer Review Site Makes a Facebook Connection</title>
		<link>http://www.ere.net/2012/02/02/employer-review-site-makes-a-facebook-connection/</link>
		<comments>http://www.ere.net/2012/02/02/employer-review-site-makes-a-facebook-connection/#comments</comments>
		<pubDate>Thu, 02 Feb 2012 05:01:09 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[News and Features]]></category>
		<category><![CDATA[jobboards]]></category>
		<category><![CDATA[networking]]></category>
		<category><![CDATA[socialrecruiting]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23719</guid>
		<description><![CDATA[When Glassdoor launched its Facebook connection a few minutes ago, the company that&#8217;s the Yelp of employment jumped full-on into the scramble for dominance in the world of careers social networking. Among the players already in the ring are BranchOut, the first to build a business networking presence on Facebook, Monster&#8217;s BeKnown, and LinkedIn, the reining [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2012/02/Glassdoor-inside-connections.png"><img class="alignright size-medium wp-image-23740" title="Glassdoor inside connections" src="http://www.ere.net/wp-content/uploads/2012/02/Glassdoor-inside-connections-250x161.png" alt="" width="250" height="161" /></a>When <a href="http://www.glassdoor.com" target="_blank">Glassdoor</a> launched its Facebook connection a few minutes ago, the company that&#8217;s the <a href="http://www.yelp.com" target="_blank">Yelp</a> of employment jumped full-on into the scramble for dominance in the world of careers social networking.</p>
<p>Among the players already in the ring are <a href="http://branchout.com/" target="_blank">BranchOut</a>, the first to build a business networking presence on Facebook, <a href="http://www.beknown.com/landing" target="_blank">Monster&#8217;s BeKnown</a>, and LinkedIn, the reining leader. (Facebook had its own big news Wednesday, <a href="http://www.ere.net/2012/02/01/facebook-files-for-ipo/" target="_blank">filing for its much anticipated IPO</a>.)</p>
<p>Like BranchOut and BeKnown, Glassdoor leverages a user&#8217;s Facebook data to find connections at companies in which they have an interest. These can then help provide a direct line to the recruiter or hiring manager. It works simply by using your Facebook login.</p>
<p>Setting Glassdoor apart is the wealth of information it has collected about tens of thousands of companies that&#8217;s hard or even impossible to find anywhere else. From its beginning as a place where workers could review their company (or former company) with sometimes no-holds-barred bluntness, Glassdoor has broadened its scope, providing just the kind of information job seekers want: job listings, salaries, interview questions, company background, those unvarnished opinions &#8212; both pro and con &#8212; and now, who among a person&#8217;s Facebook connections has an in.<span id="more-23719"></span></p>
<p>Branded &#8220;Inside Connections,&#8221; the new service adds networking to the Glassdoor features, making the site, as Tim Besse, co-founder and vice president of product and marketing, said, &#8220;The most complete listing of information about jobs.&#8221;</p>
<p>It&#8217;s that completeness, Besse argues, that gives Glassdoor the advantage over all other careers networking sites, including, he insists, LinkedIn. &#8220;The two most trusted ways to find out about a company,&#8221; says Besse, &#8220;People you know and, two, people who worked there.&#8221;</p>
<p>&nbsp;</p>
<p><iframe width="525" height="295" src="http://www.youtube.com/embed/YdIIm6-EfsY?fs=1&#038;feature=oembed" frameborder="0" allowfullscreen></iframe></p>
<p>&nbsp;</p>
<p>LinkedIn has both, but if you aren&#8217;t connected to one of them, that won&#8217;t be much help. At Glassdoor you could always see what people had to say about an employer. Now, you can also see who among your connections works there.</p>
<p>&#8220;We have all the tools,&#8221; Besse adds.</p>
<p>LinkedIn&#8217;s advantage is the completeness of its user profiles. Because it is oriented toward careers and business networking, LinkedIn users tend to be thorough in posting their professional information and prompt in keeping it current.</p>
<p>Facebook users tend to provide only limited employment information. While data is hard to come by, Glassdoor says a survey it commissioned shows 65-70 percent of Facebook users have entered at least some employment data. However, Besse points out that Facebook&#8217;s <a href="http://www.facebook.com/about/timeline" target="_blank">Timeline</a> will prompt ever larger numbers of people to complete their profiles and provide more details.</p>
<p>(Timeline was announced at <a href="http://www.ere.net/2011/09/26/with-facebooks-changes-just-posting-jobs-is-not-a-social-media-strategy/" target="_blank">Facebook&#8217;s <em>f8</em> conference</a> in the fall. Its rollout has been slow, but its anticipated impacts are large and have been discussed in detail by marketers, researchers, and others.)</p>
<p><a href="http://blogs.hbr.org/samuel/2011/09/facebooks-timeline-will-impact.html" target="_blank">A post on the <em>Harvard Business Review</em> site</a> about the impact of Timeline on careers notes, &#8220;If you were holding onto the idea that Facebook could be your personal haven while you build your professional profile on LinkedIn, it&#8217;s time to let that fantasy go. The Timeline offers an opportunity for you to tell the story of your career in a uniquely compelling way, so you need to consciously tackle the challenge of building a propersonal profile that will position you appropriately in the eyes of employers, clients, or colleagues.&#8221;</p>
<p>If Facebook users do as the writer suggests, then sites like Glassdoor stand to benefit and it won&#8217;t matter that <a href="http://www.ere.net/2011/07/02/game-on-linkedin-fires-next-shot-in-war-for-the-career-social-graph/" target="_blank">LinkedIn has locked out</a> BeKnown, BranchOut, and others, refusing to share its data.</p>
<p>Besse, in that case, could realize his goal: &#8220;I am out there to build the world&#8217;s largest and most trusted&#8221; career site.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Facebook Files For IPO</title>
		<link>http://www.ere.net/2012/02/01/facebook-files-for-ipo/</link>
		<comments>http://www.ere.net/2012/02/01/facebook-files-for-ipo/#comments</comments>
		<pubDate>Wed, 01 Feb 2012 23:01:18 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[News and Features]]></category>
		<category><![CDATA[financials]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[socialrecruiting]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23722</guid>
		<description><![CDATA[Facebook did today what everyone expected: It filed for an IPO. In the paperwork submitted to the Securities and Exchange Commission, Facebook said it expects to raise $5 billion from the public sale of its stock. That&#8217;s based on the registration fee it paid. The New York Times says it could end up raising much more. Facebook reported [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2009/01/facebook.jpg"><img class="alignright size-full wp-image-5778" title="facebook" src="http://www.ere.net/wp-content/uploads/2009/01/facebook.jpg" alt="" width="130" height="48" /></a>Facebook did today what everyone expected: <a href="http://www.sec.gov/Archives/edgar/data/1326801/000119312512034517/d287954ds1.htm" target="_blank">It filed for an IPO</a>.</p>
<p>In the paperwork submitted to the Securities and Exchange Commission, Facebook said it expects to raise $5 billion from the public sale of its stock. That&#8217;s based on the registration fee it paid. <a href="http://dealbook.nytimes.com/2012/02/01/facebook-files-for-an-i-p-o/" target="_blank"><em>The New York Times</em> says</a> it could end up raising much more.</p>
<p>Facebook reported in its S-1 filing that it earned $1 billion on revenue of $3.7 billion, most of it coming from advertising. It reported having 845 million monthly active users as of the end of the year, a 39 percent increase over the year before. In the U.S., Facebook saw a 16 percent bump over 2010, ending last year with 161 million monthly average users, or about half the country&#8217;s total population.</p>
<p>Its average daily user count is 483 million, meaning more than half those who visit the site in a month do so every day. The company also reported 425 million monthly mobile users, a number it expects will grow with some of it replacing PC access.<span id="more-23722"></span></p>
<p>With numbers like these it&#8217;s not surprising that employers have been flocking to build Facebook profiles and encourage their workers, customers and others to &#8220;like&#8221; them.</p>
<p>Recruiters began embracing Facebook years ago, seeing it as a way to expand the reach of their employer branding. Many began by combing through Facebook profiles as part of candidate vetting.  Now, companies regularly see Facebook as both a branding tool and a way to develop prospect communities.</p>
<p>Increasingly, Facebook is becoming a sourcing tool. <a href="http://branchout.com/" target="_blank">BranchOut</a>, which launched on Facebook 18 months ago, enables users to create business-only networks that can be accessed by recruiters.<a href="http://www.beknown.com/landing" target="_blank"> BeKnown</a>, launched by Monster last summer, is similar.</p>
<p>Both BranckOut and BeKnown also connected with LinkedIn. But not long after the BeKnown launch, LinkedIn shut off access. That hasn&#8217;t put much of a damper on either site. BranchOut has about <a href="http://www.appdata.com/apps/facebook/131479520210618-branchout" target="_blank">2.7 million monthly average users</a>. BeKnown <a href="http://www.appdata.com/apps/facebook/217970898225812-beknown" target="_blank">has 260,000</a>.</p>
<p>A third site is poised to announce its own Facebook connection later tonight, Pacific time.</p>
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		<title>170k New Private Jobs In January, Says ADP</title>
		<link>http://www.ere.net/2012/02/01/170k-new-private-jobs-in-january-says-adp/</link>
		<comments>http://www.ere.net/2012/02/01/170k-new-private-jobs-in-january-says-adp/#comments</comments>
		<pubDate>Wed, 01 Feb 2012 18:03:19 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[News and Features]]></category>
		<category><![CDATA[economicdata]]></category>
		<category><![CDATA[survey]]></category>
		<category><![CDATA[trends]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23707</guid>
		<description><![CDATA[HR services company ADP says the U.S. added 170,000 private sector jobs in January, providing more evidence that while the economy isn&#8217;t backsliding, it also isn&#8217;t advancing. Indeed the January number came in below the average of 182,000, which is what economists in a Bloomberg survey were expecting. A Dow Jones Newswires survey however put the [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2010/01/ADP-Employment-report.jpg"><img class="alignright size-full wp-image-11257" title="ADP Employment report" src="http://www.ere.net/wp-content/uploads/2010/01/ADP-Employment-report.jpg" alt="" width="217" height="41" /></a><a href="http://www.adpemploymentreport.com/pdf/FINAL_Report_January_12.pdf" target="_blank">HR services company ADP says</a> the U.S. added 170,000 private sector jobs in January, providing more evidence that while the economy isn&#8217;t backsliding, it also isn&#8217;t advancing.</p>
<p>Indeed the January number came in below the average of 182,000, which is what economists in a <a href="http://www.bloomberg.com/news/2012-02-01/adp-says-u-s-companies-added-170-000-workers.html" target="_blank">Bloomberg survey</a> were expecting. A <a href="http://blogs.wsj.com/marketbeat/2012/02/01/adp-trimtabs-singing-different-tunes-on-jobs/" target="_blank">Dow Jones Newswires survey</a> however put the number right at 170,000.</p>
<p>The ADP report also adjusted down the December numbers from the initial 325,000 to 292,000.  Nearly all the January gain, says ADP, came from companies with fewer than 500 workers, and all but 18,000 of the new jobs were in the service sector. Manufacturing added 10,000 workers during the month.</p>
<p>A year ago, ADP said 190,000 private sector jobs were created in January.</p>
<p>This morning&#8217;s report, <a href="http://news.investors.com/Newsfeed/Article/140782020/201202010902/US-stock-futures-remain-up-after-ADP-Amazon-off.aspx" target="_blank">says Peter Boockvar, equity strategist at Miller Tabak,</a> &#8220;compares to the 2011 monthly average of 160,000 and thus points to a continued recovery but the mediocre pace this far into a recovery still remains frustrating,” He estimates that Friday&#8217;s official report from the U.S. Department of Labor will show 165,000 non-farm jobs created in January.<span id="more-23707"></span></p>
<p>The ADP National Employment Report, produced jointly with Macroeconomic Advisers, is closely watched by economists as an indication of what the official U.S. Labor Department jobs report will show. The government report is usually released on the first Friday of every month.</p>
<p>The two reports rarely match, largely due to differences in methodology. The government report also includes public sector employment. ADP&#8217;s report does not. However, as the <em>Globe and Mail</em> (Canada) said in reporting this morning&#8217;s report, &#8220;Take the number with a large pinch of salt, but pay attention to the trend.&#8221;</p>
<p>That trend, though, is hard to read. While there hasn&#8217;t been a negative month since September 2010 (when census layoffs influenced the numbers), job gains have hovered around 100,000 for most of last year. Only in four months did the official numbers break 200,000. In three months, they were well below 100,000.</p>
<p>Like the job numbers, other signs are positive, if tepid. The Conference Board last week <a href="http://www.conference-board.org/press/pressdetail.cfm?pressid=4390" target="_blank">said its Leading Economic Index</a> improved slightly in December  to 94.3. It was the third consecutive monthly increase in the index. (The Board also announced changes in how the index is calculated.) This morning, <a href="http://www.conference-board.org/data/helpwantedonline.cfm" target="_blank">the Board&#8217;s monthly count</a> of jobs posted online showed 61,300 more jobs in January than the month before. It&#8217;s only the second increase in job postings in eight months.</p>
<p>Economists, now, are not expecting any surprises in Friday&#8217;s government report. <em>The Wall Street Journal</em> says economists are expecting it to show 125,000 new jobs and no change in the current 8.5 percent unemployment rate.  <a href="http://www.reuters.com/article/2012/01/31/us-usa-economy-jobs-idUSTRE80T07120120131" target="_blank">Reuters</a> puts the number at 150,000. And <a href="http://www.bloomberg.com/news/2012-02-01/global-strategists-abandoning-bearish-views-after-missing-rally.html" target="_blank">Bloomberg, which wrote a long piece this morning about growing optimism in the financial markets and among economists</a>, says the Friday jobs report will come in at 145,000.</p>
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		<title>Employee Referrals May Be Even More Effective Than We Think</title>
		<link>http://www.ere.net/2012/01/31/employee-referrals-may-be-even-more-effective-than-we-think/</link>
		<comments>http://www.ere.net/2012/01/31/employee-referrals-may-be-even-more-effective-than-we-think/#comments</comments>
		<pubDate>Tue, 31 Jan 2012 20:31:08 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[News and Features]]></category>
		<category><![CDATA[employeereferrals]]></category>
		<category><![CDATA[survey]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23680</guid>
		<description><![CDATA[Employee referral programs may produce more hires &#8212; perhaps many more &#8212; than surveys would suggest. Over the years it has come to be accepted that the average number of new hires coming from employee referral programs is somewhere between SHRM&#8217;s 24 percent (for non-exempt positions) to about a third. Some programs do much better. [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2012/01/Emp-referrals-as-hidden-source.jpg"><img class="alignright size-medium wp-image-23700" title="Emp referrals as hidden source" src="http://www.ere.net/wp-content/uploads/2012/01/Emp-referrals-as-hidden-source-250x178.jpg" alt="" width="250" height="178" /></a>Employee referral programs may produce more hires &#8212; perhaps many more &#8212; than surveys would suggest.</p>
<p>Over the years it has come to be accepted that the average number of new hires coming from employee referral programs is somewhere between <a href="http://www.shrm.org/Research/SurveyFindings/Documents/Employee%20Referral%20Programs.pdf" target="_blank">SHRM&#8217;s 24 percent</a> (for non-exempt positions) <a href="http://www.ere.net/2010/06/14/advanced-employee-referral-programs-%E2%80%93-best-practices-you-need-to-copy/" target="_blank">to about a third</a>. <a href="http://www.marketwatch.com/story/job-seekers-aided-by-employee-referral-programs-2010-02-10" target="_blank">Some programs do much better.</a></p>
<p>From CareerXroads now comes evidence that the hires from employee referrals are undercounted.</p>
<p>&#8220;Referrals permeate the recruiting process more than we think,&#8221; says recruiting consultant Gerry Crispin, a <a href="http://www.careerxroads.com/" target="_blank">CareerXroads</a> principal.</p>
<p>H<img class="alignright size-medium wp-image-11750" title="CareerXroads" src="http://www.ere.net/wp-content/uploads/2010/02/CareerXroads-250x72.jpg" alt="" width="135" height="39" />e and his partner, Mark Mehler, surveyed their clients and others about employee referral programs and found that most of the 50 respondents have a referral program, most pay a bonus of some kind, and on average 28 percent of their external hires are referrals.</p>
<p>Most of the results, says Crispin, were expected. However, in comparing data from that admittedly limited, and unscientific survey with the early results of the consultancy&#8217;s annual Source of Hire study, &#8220;we&#8217;re finding referrals are a part of every source or almost every.&#8221;</p>
<p>For instance, rehires, a small, but steady source of hires, include a sizable percentage of individuals referred by employees. The rehires may first come to the attention of recruiters through a referral, but when they&#8217;re onboarded, the source of hire tends to get reported as a rehire.<span id="more-23680"></span></p>
<p>It&#8217;s a &#8220;classification issue,&#8221; explains Crispin. A similar situation occurs with sourcers. They will be reported as the source of a hire even when they identified a candidate as a result of a referral from an employee.</p>
<p>Crispin and Mehler included an early indication of the pervasiveness of employee referrals in their survey results, <a href="http://www.slideshare.net/gerrycrispin/2012-referralscareer-xroads-minisurvey" target="_blank">posted online here at SlideShare</a>. The numbers are still being crunched for the forthcoming source of hire survey (tentatively to be titled &#8220;Channels of Influence&#8221;), so there&#8217;s no data cited for the contribution referrals make to these other sources.</p>
<p>However, the share of the pie that referrals make to the total hires attributed to these other sources is labeled. As Crispin observed, &#8220;With just what we can count, referral programs make a big contribution.&#8221;</p>
<p>Much of the other data in the survey report will be useful to recruiters for comparing their own results. The surveyed companies, the report preface notes, are &#8220;large, highly-competitive firms.&#8221; Some make upwards of 10,000 hires a year. More, though, make 1,000 or less.</p>
<p>Big or small, two-thirds of the respondents offer a bonus for every referral hire. Most common (44 percent) is $500 for a non-exempt hire. One-in-five will pay $1,000 and a few more (28 percent) will pay that for difficult to fill non-exempt positions.</p>
<p>It takes about 10.4 referrals on average to make a hire. Some companies are either so picky or get so many referrals that only one referral in 25 or more results in a hire.</p>
<p><img class="alignleft size-medium wp-image-23696" title="Employee referrral mini-survey CareerXroads" src="http://www.ere.net/wp-content/uploads/2012/01/Employee-referrral-mini-survey-CareerXroads-250x182.jpg" alt="" width="250" height="182" /></p>
<p>One other significant stat coming out of the survey is that the majority of employers don&#8217;t give the referred candidate any special treatment. Of the 39 percent that do, the comments cited in the results suggest that many don&#8217;t do much more than review the resume or application.</p>
<p>On the other hand, 85 percent of the employees who made a referral will get a thank you whether or not a hire is made.</p>
<p>One of the survey&#8217;s only surprises, Crispin said, it that employers that don&#8217;t dedicate staff to managing and promoting the referral program actually do better than those with staff assigned.</p>
<p>The 53.6 percent of companies that divvy up the work among the recruiting staff average about 33 percent of hires from referrals. Those with some dedicated support average about 24 percent.</p>
<p>&#8220;It&#8217;s counterintuitive,&#8221; Crispin agreed. The result could be just an aberration. Or, he speculated, it could be spreading the work means there&#8217;s more overall time invested in the program. Or, it could be the &#8220;silo effect&#8221; effect, that is when one person is tasked with a job, everyone else leaves things up to them.</p>
<p>&#8220;Now that I&#8217;ve seen that,&#8221; Crispin notes, &#8220;I&#8217;d be curious to see if someone could replicate it &#8230; for now, it&#8217;s just an artifact.&#8221;</p>
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		<title>Retaliation Is Again Most Common EEOC Charge</title>
		<link>http://www.ere.net/2012/01/30/retaliation-is-again-most-common-eeoc-charge/</link>
		<comments>http://www.ere.net/2012/01/30/retaliation-is-again-most-common-eeoc-charge/#comments</comments>
		<pubDate>Mon, 30 Jan 2012 20:31:03 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[News and Features]]></category>
		<category><![CDATA[discrimination]]></category>
		<category><![CDATA[EEOC]]></category>
		<category><![CDATA[legal]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23651</guid>
		<description><![CDATA[Complaints of retaliation by employers trumped race for the second consecutive year, according to the U.S. Equal Employment Opportunity Commission. The EEOC said total new complaints during fiscal 2011 were just slightly ahead of 2010. Last year it received 99,947 claims compared to 99,922 the year before. It also reported taking in $455.6 million through its [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2012/01/EEOC-Charge-CHart-2011.jpg"><img class="alignright size-medium wp-image-23662" title="EEOC 2011 only" src="http://www.ere.net/wp-content/uploads/2012/01/EEOC-2011-only-77x300.jpg" alt="" width="77" height="300" /></a>Complaints of retaliation by employers trumped race for the second consecutive year, <a href="http://www.eeoc.gov/eeoc/newsroom/release/1-24-12a.cfm" target="_blank">according to the U.S. Equal Employment Opportunity Commission.</a></p>
<p>The EEOC said total new complaints during fiscal 2011 were just slightly ahead of 2010. <a href="http://www.tlnt.com/2011/07/08/retaliation-overtakes-race-as-the-most-common-eeoc-complaint/" target="_blank">Last year</a> it received 99,947 claims compared to 99,922 the year before. It also reported taking in $455.6 million through its administrative program and litigation.</p>
<p>Released last week, the stats show charges of retaliation by employers against workers who raised discrimination issues accounted for 37.4 percent of the commission&#8217;s workload. Complaints alleging just violations of Title VII (discrimination on the basis of sex, race, color, religion, and national origin) accounted for 31.4 percent of the complaints.</p>
<p>Retaliation claims are rising faster than any other category of complaint, up 10 points in the last decade. Race discrimination claims, historically the most frequent, were the second-most commonly received complaint by the EEOC. They&#8217;ve hovered around 36 percent for years and last year represented 35.4 percent of the total charges.<span id="more-23651"></span></p>
<p>(Note that a charge may contain multiple discrimination claims. The percentages represent the charges that include a specific discrimination claim.)</p>
<p>Retaliation claims may well continue to climb this fiscal year. Announcing a lawsuit earlier this month, an EEOC regional attorney in the New York office said, &#8220;We will pursue vigorously retaliation claims against employers whose managers would rather not comply with court orders and fire individuals who object to threats based on their religion and bias based on race.”</p>
<p><a href="http://www.mintz.com/" target="_blank">Mintz Levin</a> attorney Martha Zackin, discussing the retaliation charge statistics, bluntly declared, &#8220;Retaliation claims are here to stay.&#8221; &#8220; Recent developments lead us to conclude that this trend will continue, in 2012 and beyond,&#8221; she said, citing Department of Labor retaliation guidance under the <a href="http://www.dol.gov/whd/regs/compliance/whdfs77a.htm" target="_blank">Fair Labor Standards</a> and <a href="http://www.dol.gov/whd/regs/compliance/whdfs77b.htm" target="_blank">Family and Medical Leave</a> acts.</p>
<p>After retaliation and race, sex, disability, and age charges ranked third, fourth, and fifth respectively. However, while charges of sex and race discrimination declined, age and disability claims increased over 2010.</p>
<p>The EEOC said that its enforcement of the Americans with Disabilities Act &#8220;produced the highest increase in monetary relief among all of the statutes: the administrative relief obtained for disability discrimination charges increased by almost 35.9 percent to $103.4 million compared to $76.1 million in the previous fiscal year. Back impairments were the most frequently cited impairment under the ADA, followed by other orthopedic impairments, depression, anxiety disorder and diabetes.&#8221;</p>
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		<title>Take Our Quiz and See Who Else Is Thinking Seat at the Table</title>
		<link>http://www.ere.net/2012/01/27/take-our-quiz-and-see-who-else-is-thinking-seat-at-the-table/</link>
		<comments>http://www.ere.net/2012/01/27/take-our-quiz-and-see-who-else-is-thinking-seat-at-the-table/#comments</comments>
		<pubDate>Fri, 27 Jan 2012 10:59:41 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[News and Features]]></category>
		<category><![CDATA[talentacquisitionsystems]]></category>
		<category><![CDATA[vendors]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23601</guid>
		<description><![CDATA[Today&#8217;s end-of-the-week roundup begins with a quiz and ends with a quickie update on OneWire, a clever, and certainly &#8212; as an investment report says &#8212; intriguing take on candidate matching. So let&#8217;s get on with it: Guess who says they want to grow their influence at the top corporate levels? HR you say? Sorry, [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2012/01/Question-mark-guy.jpg"><img class="alignright size-full wp-image-23610" title="Question mark guy" src="http://www.ere.net/wp-content/uploads/2012/01/Question-mark-guy.jpg" alt="" width="195" height="260" /></a>Today&#8217;s end-of-the-week roundup begins with a quiz and ends with a quickie update on OneWire, a clever, and certainly &#8212; as an investment report says &#8212; intriguing take on candidate matching.</p>
<p>So let&#8217;s get on with it: Guess who says they want to grow their influence at the top corporate levels?</p>
<p>HR you say? Sorry, not the answer we were looking for. The answer comes from <a href="http://www.marketingcharts.com/direct/cmos-want-greater-influence-in-biz-strategy-development-20901/?utm_campaign=newsletter&amp;utm_source=mc&amp;utm_medium=textlink" target="_blank">MarketingCharts</a>, which says, &#8221;An overwhelming majority (79%) of global CMOs say they want their influence in business strategy and development to grow.&#8221;</p>
<p>Here&#8217;s another factoid from the article, which is based on a survey from Forrester Research and Heidrick &amp; Struggles: 89 percent of CMOs identified visioning and strategic thinking as a top competency. There now, don&#8217;t you feel better?<span id="more-23601"></span></p>
<h3>Here an ATS, There an ATS</h3>
<p>Is there anyone left in the world who wants an ATS and doesn&#8217;t have one? There&#8217;s no reason for that these days, what with an ATS in every price range.</p>
<p>At the free end, there&#8217;s <a href="http://www.zoho.com/recruit/" target="_blank">Zoho Recruiter</a>, if all you need are the basics. For our money (actually no one&#8217;s money) there&#8217;s <a href="http://www.smartrecruiters.com/static/" target="_blank">SmartRecruiters</a>, which is a surprisingly full-featured, sophisticated ATS that&#8217;s priced at an even-more-suprising free.</p>
<p><a href="http://www.ere.net/wp-content/uploads/2012/01/zartis.png"><img class="alignright size-full wp-image-23608" title="zartis" src="http://www.ere.net/wp-content/uploads/2012/01/zartis.png" alt="" width="110" height="75" /></a>At the other end of the scale, a company can spend upwards of a million on a enterprise, in-house talent acquisiton system that handles reqs, posts jobs, parses, sorts, manages, and stores hundreds of thousands, even millions of resumes you will never look at.</p>
<p>Despite this virtual cornucopia of systems, humanity&#8217;s indomitable drive to build a better mousetrap leads to the near monthly launch of just one more ATS. The latest to find its way into our inbox is <a href="http://www.zartis.com/" target="_blank">Zartis</a>. It&#8217;s a minimalist SaaS ATS out of Ireland that&#8217;s aimed at the SMB market. (Got all those initials?)</p>
<p>Zartis offers more than Zoho, and less than SmartRcruiters. That would be fine except for one thing: Zartis is mostly fee-based. What you get for free is a single open job allowance, which makes it more of a S than an M market tool. If you have more jobs and want more functionality &#8212; like posting jobs to aggregators &#8212; you have to pay.</p>
<p>Bottom line: Check out Zartis if you&#8217;re curious, then choose SmartRecruiters.</p>
<p><a href="http://www.ere.net/wp-content/uploads/2012/01/OneWire-logo.png"><img class="alignleft size-full wp-image-23607" title="OneWire logo" src="http://www.ere.net/wp-content/uploads/2012/01/OneWire-logo.png" alt="" width="152" height="39" /></a>Since the ATS door is now open, <a href="https://www.onewire.com/Default.aspx" target="_blank">OneWire</a> got some strokes in an investment report from <a href="http://www.feltl.com/" target="_blank">Feltl and Company</a>, an investment banker and advisor. The report includes long excerpts from a discussion between analyst Scott Berg and OneWire President and COO Brin McCagg.</p>
<p>Berg obviously was impressed. &#8220;Overall,&#8221; he writes in his report, &#8220;We believe OneWire is creating an intriguing and unique approach to talent acquisition software and we are quite excited to track its progress in the coming years.&#8221;</p>
<p>We (our royal usage here refers to us &#8212; another use of the royal pronoun!), <a href="http://www.ere.net/2009/03/04/want-a-crew-rowing-harvard-financial-whiz-try-onewire/" target="_blank">we wrote about OneWire in 2009, </a> not long after it was launched by founders McCagg and Skiddy von Stade. (Von Stade heads the financial executive search firm <a href="http://www.fsvs.com" target="_blank">FS von Stade and Associates</a>.)</p>
<p>OneWire was then, and still is, both intriguing and unique. It stands between the applicant and a corporate ATS, though an ATS isn&#8217;t a required component. It functions as a matching system, with the players completing profiles far more detailed than a mere resume.</p>
<p>It borrows from social sites, networking, and classic job sites to create a rich database of prospects that, as we (there&#8217;s that royal pronoun again) said in the 2009 article, if you want a Harvard grad who was on the crew team with international banking experience in pharmaceuticals, OneWire will find everyone who fits and rank them for you.</p>
<p>OneWire is being used by hundreds of financial firms and many Fortune 1000 companies. If you need another reason to take a look, consider that OneWire was named &#8220;<a href="http://blog.onewire.com/post/2010/01/27/OneWire-One-of-Americas-Most-Promising-Startups.aspx" target="_blank">One of America&#8217;s Most Promising Startups</a>&#8221; by <em>BusinessWeek</em>. Here&#8217;s one more: OneWire has gotten $30 million from individual investors, a fundraising method intriguing and unique enough to warrant <a href="http://mashable.com/2011/10/13/101-angel-investors-onewire/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+Mashable+%28Mashable%29" target="_blank">Mashable attention</a>.</p>
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		<title>Monster Lays Off 400, Misses on Revenue, Earnings</title>
		<link>http://www.ere.net/2012/01/26/monster-lays-off-400-misses-on-revenue-earnings/</link>
		<comments>http://www.ere.net/2012/01/26/monster-lays-off-400-misses-on-revenue-earnings/#comments</comments>
		<pubDate>Thu, 26 Jan 2012 18:06:39 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[News and Features]]></category>
		<category><![CDATA[financials]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23589</guid>
		<description><![CDATA[Monster is taking a battering on Wall Street today after the company missed the earnings expectations of the financial markets and warned it may just break even in the current quarter. Monster&#8217;s stock price was down almost 20 percent at lunchtime in New York, a drop of $1.79 on the day. Trading below $10 for [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2012/01/Monster-4th-q-and-2011-financials.jpg"><img class="alignright size-medium wp-image-23593" title="Monster 4th q and 2011 financials" src="http://www.ere.net/wp-content/uploads/2012/01/Monster-4th-q-and-2011-financials-250x73.jpg" alt="" width="250" height="73" /></a>Monster is taking a battering on Wall Street today after the company missed the earnings expectations of the financial markets and warned it may just break even in the current quarter.</p>
<p>Monster&#8217;s stock price was down almost 20 percent at lunchtime in New York, a drop of $1.79 on the day. Trading below $10 for so long that<a href="http://www.ere.net/2011/12/16/monster-out-of-s-could-be-a-takeover-target/" target="_blank"> Standard &amp; Poors moved the company out of its S&amp;P 500 stock basket in December</a>, Monster&#8217;s price is now right at $7.19 a share.</p>
<p>The jobs advertising company, which yesterday laid off 400 employees, issued its fourth-quarter and full-year financials this morning before the markets opened. Despite growing revenue by almost 14 percent for the year, the company fell short in the final quarter. It earned 11 cents a share versus the 12 cents analysts were expecting. Monster&#8217;s revenue for the quarter also fell short, coming in at $250 million instead of the $259 million average estimate of Wall Street analysts.<span id="more-23589"></span></p>
<p>Compared to 2010, Monster was profitable, earning 37 cents a share for the year (after allowances for one-time and similar expenses). In 2010 the company lost 7 cents a share.</p>
<p>Looking ahead, the company is not optimistic about where the job market is heading. Bookings (posting and search contracts) are expected to be down 6 to 10 percent from the 1st quarter of 2010. Part of the explanation for the decline is that there were strong signs of economic recovery at the beginning of 2011 leading employers to anticipate adding staff. But the economy sputtered, slowing hiring.</p>
<p>Now, with employers carefully monitoring headcount and with surveys suggesting that if hiring accelerates at all, it will be in the second half of the year, Monster says it expects its revenue will be lower this quarter than the year before. The outlook, says the company&#8217;s report, is for a 3 to 7 percent decline in revenue.</p>
<p>&#8220;First quarter earnings are expected to be in the range of break-even to $0.04 per share,&#8221; the company says.</p>
<p>However, from a purely employment view, posting and search revenue actually was up globally. While North American revenue (principally the U.S.) declined 2 percent in the last quarter, Monster&#8217;s international revenue grew by 8.3 percent. For the year, revenue from its international operations was up 23.3 percent, and is now approaching parity with North America.</p>
<p>The biggest revenue reduction came from Monster&#8217;s advertising income. Monster said earlier this year it would be getting out of the advertising business, so the decline here was to be expected. For the fourth quarter, Monster&#8217;s advertising revenue was $21.3 million, a 34 percent reduction from the year before.</p>
<p>The layoff of about 7 percent of its 5,700 employee workforce is expected to save about $100 million annually.</p>
<p>Said Sal Iannuzzi, chairman, president and CEO, &#8220;We are taking difficult but necessary steps to implement cost savings initiatives that will provide us the flexibility to enhance our marketing and sales efforts to continue to improve long-term growth prospects and profitability.&#8221;</p>
<p>Next week, CareerBuilder will release its North American revenue for the fourth quarter and full year. The privately held company voluntarily releases only select data. LinkedIn, now the leading recruitment competitor to both Monster and CareerBuilder, will report its financial results on Feb. 9. Dice Holdings, operator of Dice.com and other niche boards, will report its results Feb. 2.</p>
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		<title>Tech Workers Reward the Personal Touch</title>
		<link>http://www.ere.net/2012/01/25/tech-workers-reward-the-personal-touch/</link>
		<comments>http://www.ere.net/2012/01/25/tech-workers-reward-the-personal-touch/#comments</comments>
		<pubDate>Wed, 25 Jan 2012 22:25:50 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[News and Features]]></category>
		<category><![CDATA[jobboards]]></category>
		<category><![CDATA[recruiting]]></category>
		<category><![CDATA[sourcing]]></category>
		<category><![CDATA[survey]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23569</guid>
		<description><![CDATA[Tech workers get an average of 23 recruiter inquiries a week &#8212; yes, a week, says a survey from TEKsystems, a global IT staffing and services firm. That&#8217;s a remarkable number, which, even if is skewed by respondents with very in-demand skills, would still go a long way to explaining why you&#8217;re not getting calls [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2012/01/computer-head.jpg"><img class="alignright size-full wp-image-23571" title="computer head" src="http://www.ere.net/wp-content/uploads/2012/01/computer-head.jpg" alt="" width="160" height="200" /></a>Tech workers get an average of 23 recruiter inquiries a week &#8212; yes, a week, <a href="http://www.teksystems.com/About-TEKsystems/Press-Release-News-10353.aspx" target="_blank">says a survey from TEKsystems</a>, a global IT staffing and services firm.</p>
<p>That&#8217;s a remarkable number, which, even if is skewed by respondents with very in-demand skills, would still go a long way to explaining why you&#8217;re not getting calls back. In fact, the survey shows that IT professionals are picky about whose call they will return.</p>
<p>The best thing a recruiter can do when leaving a message or speaking with a potential candidate is to be as detailed about the job as possible. Hearing details about the specific job, the team, the nature of the work, and the company culture is the kind of information that would lead 88 percent of the survey respondents to return the call.</p>
<p>Less important, but still high on the list for the IT professionals surveyed, is the professionalism of the recruiter and the reputation of the company.<span id="more-23569"></span></p>
<p>“The best recruiters take the time to get to know the client and the candidate in detail. He or she with the most intelligence wins the matchmaking process,” says TEKsystems Director, Rachel Russell.</p>
<p>The findings come from the company&#8217;s quarterly IT Professional Perspectives Survey, which surveyed 2,424 IT workers last quarter about how they look for jobs. First, when a tech worker begins to consider a new job, they take stock of their skills, goals, and interests. Then, 96 percent say they hit the job boards.</p>
<p>“Job boards are the quickest way for IT professionals to feel like they’re getting out there and searching for a job,&#8221; says Russell. &#8220;But given that so many people are on the job boards, it’s a hard place to stand out.&#8221;</p>
<p>Perhaps knowing that, once a tech job seeker finds interesting opportunities, the next step for 72 percent of them is to network with other professionals. At some point, many will work with a recruiter. According to the survey, 59 percent say a recruiter is the main resource; 54 percent say colleagues; 53 percent say friends; and, 46 percent rely on their networks.</p>
<p>Recruiters who help job seekers, even if they don&#8217;t end up placing them, may still reap rewards. With 45 percent of the survey respondents saying they have 10 or more top professionals in their network, recruiters who remain accessible, helpful, and professional may be able to get a referral. The survey found 65 percent of IT professionals willing to share names if they had a positive experience with the recruiter.</p>
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		<title>HR Still Struggling to Be Strategic</title>
		<link>http://www.ere.net/2012/01/25/hr-still-struggling-to-be-strategic/</link>
		<comments>http://www.ere.net/2012/01/25/hr-still-struggling-to-be-strategic/#comments</comments>
		<pubDate>Wed, 25 Jan 2012 10:08:18 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[Advice and How-To's]]></category>
		<category><![CDATA[metrics]]></category>
		<category><![CDATA[talentmanagement]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23505</guid>
		<description><![CDATA[What&#8217;s surprising about a new analyst report from Aberdeen is that in 2012 HR professionals still need to be reminded that talent management is as much a strategy as a tactic they should be captaining. &#8220;HR still struggles to become a &#8216;strategic partner&#8217; with the business, engaging employees and aligning integrated talent management initiatives with [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2012/01/HR-barriers-to-strategy.jpg"><img class="alignright size-medium wp-image-23515" title="HR barriers to strategy" src="http://www.ere.net/wp-content/uploads/2012/01/HR-barriers-to-strategy-250x176.jpg" alt="" width="250" height="176" /></a>What&#8217;s surprising about a <a href="http://www.aberdeen.com/Aberdeen-Library/7474/RA-integrated-talent-management.aspx" target="_blank">new analyst report from Aberdeen</a> is that in 2012 HR professionals still need to be reminded that talent management is as much a strategy as a tactic they should be captaining.</p>
<p>&#8220;HR still struggles to become a &#8216;strategic partner&#8217; with the business, engaging employees and aligning integrated talent management initiatives with overall organizational goals,&#8221; write the authors of an Aberdeen Analyst Insight about developing a &#8220;Talent First&#8221; culture.</p>
<p>Drawing  from an upcoming Aberdeen report, analysts Madeline Laurano and Mollie Lombardi say HR&#8217;s day-to-day work and the lack of support and buy-in from other business leaders and senior management stand in the way of developing the strategic approach that HR leaders say must be a part of their skill set.</p>
<p>Yet there&#8217;s some sort of disconnect here. The analysts note that in Aberdeen&#8217;s Quarterly Business Review, the 1,300+ business leaders in the survey named workforce and talent concerns in half of their top 10 business challenges. However, 35 percent of the HR leaders participating in the forthcoming <em>HR Executives Agenda 2012</em> complained of a lack of buy-in from their senior management.<span id="more-23505"></span></p>
<p>Integrated talent management will help with this, say Laurano and Lombardi. &#8220;An integrated approach to talent management can help organizations carry out key talent initiatives that will benefit the business,&#8221; they write, citing evidence from &#8220;Best-In-Class&#8221; companies. These are the top 20 percent of scorers on three Aberdeen metrics: Employee engagement, bench strength, and hiring manage satisfaction.</p>
<p>This Best-in-Class group reported improved retention, high employee engagement, and achievement of key performance indicators. Overall, 70 percent of the group credited their integrated approach to talent management with achieving organizational goals.</p>
<p>As the authors note, &#8220;integrated talent management is not a new phenomenon.&#8221; Fine-tuning recruiting methods to the performance of workers three months, six months, even a year after hire has been going on for years. Projecting worker and skill needs into the future, based on company growth, workforce demographics, competition, and so on, and then using that intelligence to plan recruiting, is much more recent, yet hardly brand new.</p>
<p>These examples are part of the drive toward developing a unified approach to talent within a company. Many, note the authors, have &#8220;succeeded in breaking down traditional HR silos.&#8221;</p>
<p><a href="http://www.ere.net/wp-content/uploads/2012/01/Intengrated-talent-management-report-pic.jpg"><img class="alignleft size-medium wp-image-23516" title="Intengrated talent management report pic" src="http://www.ere.net/wp-content/uploads/2012/01/Intengrated-talent-management-report-pic-250x88.jpg" alt="" width="200" height="70" /></a>&#8220;Without integration,&#8221; they add, &#8220;HR operates in one department, rather than spanning the entire organization.&#8221;</p>
<p>In many ways technology can hasten the integration. Besides shifting paperwork to managers or to the employee themselves, and thus freeing HR for more strategic work, it brings to line managers information once available only in HR.</p>
<p>Integrated talent management technology isn&#8217;t the determinant of a &#8220;Talent First&#8221; culture, but it does make big-picture viewing easier, and sometimes even possible. &#8220;Analytics matter,&#8221; say Laurano and Lombardi. Technology makes it simpler to access the data that leads to business insights.</p>
<p>&#8220;Organizations that integrate talent data with business data are three-and-a-half times as likely to achieve Best-in-Class as those that do not integrate data,&#8221; they write.</p>
<p>How should HR move forward in its quest for integration putting talent first? By first eliminating the silos and integrating management processes, while focusing on improving employee engagement. As the company becomes more sophisticated about talent management as a critical business strategy, the authors say talent management must be tied to business goals, progress has to be measured and success defined.</p>
<p>To reach Best-in-Class status, analytics have to be a priority. &#8220;An HR professional today must keep analytics as the backbone of any talent management strategy,&#8221; conclude Laurano and Lombardi. &#8220;Analytics will help HR gain support for integrated talent management, and improve the reputation of HR throughout the organization.&#8221;</p>
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		<title>Like the Teams, CareerBuilder&#8217;s Chimps Getting an Encore For Super Bowl XLVI</title>
		<link>http://www.ere.net/2012/01/25/like-the-teams-careerbuilders-chimps-getting-an-encore-for-super-bowl-xlvi/</link>
		<comments>http://www.ere.net/2012/01/25/like-the-teams-careerbuilders-chimps-getting-an-encore-for-super-bowl-xlvi/#comments</comments>
		<pubDate>Wed, 25 Jan 2012 05:17:56 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[News and Features]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[jobboards]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23521</guid>
		<description><![CDATA[Like the Giants and the Patriots, CareerBuilder and its controversial band of chimpanzees will be making a return appearance at this year&#8217;s Super Bowl in Indianapolis. In this year&#8217;s 30-second commercial airing during the fourth quarter on Feb 5, the chimps wreak havoc with their human co-worker during a business trip, ordering 46 banana daiquiris, [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2012/01/chimp_boss.jpg"><img class="alignright size-full wp-image-23533" title="chimp_boss" src="http://www.ere.net/wp-content/uploads/2012/01/chimp_boss.jpg" alt="" width="232" height="157" /></a>Like the Giants and the Patriots, CareerBuilder and its controversial band of chimpanzees will be making a return appearance at this year&#8217;s Super Bowl in Indianapolis.</p>
<p>In this year&#8217;s 30-second commercial airing during the fourth quarter on Feb 5, the chimps wreak havoc with their human co-worker during a business trip, ordering 46 banana daiquiris, while brainstorming a poison ivy shampoo.</p>
<p>The chimps have proven to be an audience pleaser since making their debut in CareerBuilder&#8217;s first Super Bowl ad in 2005. The company&#8217;s three ads all made it into the top 10 in most of the popularity polls. The company reprised the monkey concept the following year, then tried a variety of other concepts, including viewer-conceived ads.<span id="more-23521"></span></p>
<p><iframe src="http://player.vimeo.com/video/35585808?title=0&amp;byline=0&amp;portrait=0" frameborder="0" width="400" height="225"></iframe></p>
<p>Last year, the chimps returned in an ad called &#8220;Parking Lot.&#8221; It ranked sixth in the <a href="http://www.usatoday.com/money/advertising/admeter/2011/super-bowl-ad-meter/43271432/1" target="_blank"><em>USA Today</em> Super Bowl Ad Meter poll</a>, but <a href="http://www.ere.net/2010/12/27/peta-complains-about-careerbuilders-super-bowl-plans/" target="_blank">prompted a complaint from PETA</a>, People for the Ethical Treatment of Animals, over the use of chimpanzees. The organization, <a href="http://www.washingtonpost.com/wp-dyn/content/article/2005/12/19/AR2005121901777.html" target="_blank">once monitored by FBI counterterrorism investigators</a>, released a letter from Angelica Huston calling on CareerBuilder not to air the commercial and to never again use chimps.</p>
<p>CareerBuilder explained that it&#8217;s again using chimps, despite the complaints of PETA and other animal-rights groups, for the simple reason people like them. &#8220;The chimpanzees were brought back by popular demand. It’s been a very successful campaign that job seekers identify with and act upon,” CareerBuilder VP of Communications Jennifer Grasz <a href="http://www.forbes.com/sites/jacquelynsmith/2012/01/24/careerbuilders-chimps-are-back-in-the-bowl/" target="_blank">told <em>Forbes.</em></a></p>
<p>Monster, whose 1999 &#8220;When I Grow Up&#8221; commercial is considered one of the best Super Bowl commercials of all time, has yet to appear on any list of this year&#8217;s advertisers. The company last ran a Super Bowl commercial in 2010.</p>
<p>At a per ad cost approaching $3.5 million, the Super Bowl is the most expensive TV buy in the world. CareerBuilder says it&#8217;s worth it and sent along these data points:</p>
<blockquote>
<ul>
<li><strong>Revenue</strong> &#8211; Over the last seven years, on average, CareerBuilder&#8217;s invoicing increased 36% year-over-year in the month following the Super Bowl.  This consistently outpaced year-over-year growth in other months.</li>
<li><strong>Applications</strong> &#8211; Over the last seven years, on average, CareerBuilder saw a 24% year-over-year increase in applications to our employers&#8217; jobs in the month of the Super Bowl.</li>
<li><strong>Traffic </strong>- CareerBuilder&#8217;s traffic grew 43% year-over-year during the month of the Super Bowl when we first debuted as a Super Bowl advertiser. CareerBuilder has seen continued gains and, in 2011, the company had an 18% year-over-year increase in traffic in the month of the Super Bowl.</li>
<li><strong>Brand Awareness</strong> &#8211; Per a Millward Brown awareness tracking study, from 2004 to 2011, CareerBuilder’s unaided awareness grew 29%. Total awareness of CareerBuilder’s TV ads doubled in the week following our first appearance at the Super Bowl.</li>
</ul>
</blockquote>
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		<title>This Time, the Growth in Temps May Be Here to Stay</title>
		<link>http://www.ere.net/2012/01/24/this-time-the-growth-in-temps-may-be-here-to-stay/</link>
		<comments>http://www.ere.net/2012/01/24/this-time-the-growth-in-temps-may-be-here-to-stay/#comments</comments>
		<pubDate>Tue, 24 Jan 2012 10:28:46 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[News and Features]]></category>
		<category><![CDATA[contingent]]></category>
		<category><![CDATA[economicdata]]></category>
		<category><![CDATA[staffing]]></category>
		<category><![CDATA[trends]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23436</guid>
		<description><![CDATA[&#8220;Unemployment is expected to remain above 8 percent for the next four years.&#8221; That gloomy assessment of the U.S. economy from FedEx Chief Economist Gene Huang is echoed in any number of reports and economic predictions. &#8220;Most predictions,&#8221; says an economic analysis by the Society for Human Resource Management, &#8220;are less optimistic now than they were [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2012/01/Job-recovery-across-industries1.jpg"><img class="alignright size-medium wp-image-23439" title="Job recovery across industries" src="http://www.ere.net/wp-content/uploads/2012/01/Job-recovery-across-industries1-250x169.jpg" alt="" width="250" height="169" /></a>&#8220;Unemployment is expected to remain above 8 percent for the next four years.&#8221; That gloomy assessment of the U.S. economy from FedEx Chief Economist Gene Huang is echoed in any number of reports and economic predictions.</p>
<p>&#8220;Most predictions,&#8221; <a href="http://www.weknownext.com/trends/feels-like-recession-but" target="_blank">says an economic analysis by the Society for Human Resource Management</a>, &#8220;are less optimistic now than they were when 2011 began.&#8221;</p>
<p>What especially worries economists is whether the slow job growth is due to employer cautiousness &#8212; in which case growth will accelerate when economic confidence returns &#8212; or whether it is structural, meaning some jobs have been permanently eliminated, much the way automation obsoleted elevator operators.</p>
<p>&#8220;It is a fair bet that aggregate demand remains the main problem while pockets of skills mismatches persist, despite the high number of job seekers,&#8221; says the SHRM analysis.</p>
<p>The latest economist to weigh in is Gad Levanon, director of macroeconomic research for The Conference Board. <a href="https://hcexchange.conference-board.org/blog/post.cfm?post=238" target="_blank">Last week, he dissected recoveries</a> of the past to examine the rate of job growth across multiple industries. What he found is that &#8220;the current employment recovery is the second slowest on record.&#8221;<span id="more-23436"></span></p>
<p>His analysis led him to conclude that job growth this year is going to be a lot like last year.</p>
<p>Like Huang, <a href="http://research.stlouisfed.org/publications/net/20120101/net_20120118.pdf" target="_blank">the St. Louis Federal Reserve</a> doesn&#8217;t see unemployment moving much below 7 percent before 2014 and even then, the Fed says it might even be up around 8 percent. That&#8217;s despite the Fed&#8217;s guess that real GDP is likely to be over 3 percent, possibly even up to around 4 percent.</p>
<p>Levanon&#8217;s analysis, though, offered some support for the SHRM view that it is weak demand that&#8217;s limiting job growth. One look at the chart and two things jump out. The first is how small the percentages are now compared to recoveries of the 60s, 70s, and 80s. The other is how robust the growth in temporary workers is.</p>
<p>The latter is a good sign. It suggests, at least, that the current pace of job growth is likely to continue. While a nearly 32 percent growth in temporary staffing since June 2009 would historically signal a spurt in full-time job growth, that may not be the case in this recovery. Instead, it may evidence that some structural changes are occurring in how employers manage their workforce.</p>
<p>This is not the same as automation eliminating jobs, but is a response to business cycles &#8212; as when retailers add staff in the fall for the holiday season &#8212; or project-based needs, or the natural ebb and flow. In other words, more employers may be including the use of temps as a strategic part of their workforce, and not merely as a precursor to fulltime hiring.</p>
<p><a href="http://www.staffingindustry.com/Research-Publications/Blogs/John-Nurthen-s-Blog/Are-Staffing-Companies-Growth-Stocks" target="_blank">This so-called &#8220;secular growth&#8221; theory is certainly debatable</a>. A Morgan Stanley research paper last spring challenged the notion that temporary and contract workers are becoming a strategic part of corporate employment in the U.S. and worldwide.</p>
<p>However, <a href="http://research-us.bmocapitalmarkets.com/documents/2011/docs/TheStaffingIndicator010412.pdf" target="_blank">in a provocative and data-laden analysis of the staffing industry, BMO Capital Markets says</a> &#8220;it may be different this time.&#8221; While the firm doubted the secular growth notion, now it&#8217;s not so sure. The research report issued earlier this month says:</p>
<blockquote><p>However, by this point in the cycle, we should have seen a significant switch from “temp” to “perm,” but we have not; temp jobs represented nearly 15% of totals jobs added in the current recovery – by far the highest of the first 21 months in the past six post-recession periods – and given the current sluggish rebound, total employment may not return to its pre-recession peak for the first time ever.</p></blockquote>
<p>There&#8217;s evidence now, says BMO, that the proponents of secular growth may be right &#8220;and the industry is seeing some secular growth as corporations use temporary staffing more strategically as part of their overall human resource policies.&#8221;</p>
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		<title>Maybe You Should Interview For Grit, Zest, and Self-Control</title>
		<link>http://www.ere.net/2012/01/20/maybe-you-should-interview-for-grit-zest-and-self-control/</link>
		<comments>http://www.ere.net/2012/01/20/maybe-you-should-interview-for-grit-zest-and-self-control/#comments</comments>
		<pubDate>Fri, 20 Jan 2012 11:09:21 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[Opinion]]></category>
		<category><![CDATA[interviewing]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23268</guid>
		<description><![CDATA[I&#8217;ve learned that mistakes can often be as good a teacher as success. Jack Welch said that. It&#8217;s a good reminder of that old aphorism about learning from your mistakes. What about those times when no one believes in you? When you fail when no one expected you to succeed anyway? Ted Turner has been [...]]]></description>
			<content:encoded><![CDATA[<blockquote><p><em>I&#8217;ve learned that mistakes can often be as good a teacher as success.</em></p></blockquote>
<p><em></em>Jack Welch said that. It&#8217;s a good reminder of that old aphorism about learning from your mistakes.</p>
<p>What about those times when no one believes in you? When you fail when no one expected you to succeed anyway? Ted Turner has been there: &#8221;All my life, people have said that I wasn&#8217;t going to make it.&#8221; Today, there&#8217;s no doubt that he&#8217;s made it, and like Welch, helped transform an industry.<span id="more-23268"></span></p>
<p>How many successful &#8220;failures&#8221; get hired is anyone&#8217;s guess. Recruiters look for them; try to separate a winner from the others with interview questions like that <a href="http://jobsearch.about.com/od/interviewquestionsanswers/a/toughquest.htm" target="_blank">classic, if overused</a>, &#8220;Tell me about a time when you failed and what you learned.&#8221;</p>
<p><iframe width="525" height="295" src="http://www.youtube.com/embed/RmTxr7OsPj0?fs=1&#038;feature=oembed" frameborder="0" allowfullscreen></iframe></p>
<p>Good interviewers are looking for winners who have the character strength to learn why they failed, what to do next time to succeed, and who will then get back up on the horse.</p>
<p>But exactly what are the specific traits that lead one person to try again when others just give up?</p>
<p>Industrial and organizational psychologists have spent decades researching that very thing. Today, there are any number of tests from dozens of firms, purporting to help employers solve problems (<a href="http://www.ere.net/tags/retention">retention</a> being a key issue) or hire people who will perform just like the company&#8217;s current top performers.</p>
<p>There&#8217;s no doubt that these work &#8212; at least to some degree. Try, though, to describe the specific traits of success and you quickly find how elusive and complicated an exercise it is.</p>
<p>Months ago, t<a href="http://www.nytimes.com/2011/09/18/magazine/what-if-the-secret-to-success-is-failure.html?pagewanted=all" target="_blank"><em>he New York Times</em> wrote a long article</a> about the search for measuring and teaching success and character at an exclusive private school in The Bronx. The article cites the work of Prof. Angela Duckworth:</p>
<blockquote><p>People who accomplished great things, she noticed, often combined a passion for a single mission with an unswerving dedication to achieve that mission, whatever the obstacles and however long it might take.</p></blockquote>
<p>That quality she called &#8220;grit.&#8221;</p>
<p>Duckworth developed a short, 12-point grit test that proved to be a better indicator of success at West Point&#8217;s freshman summer training than the Army&#8217;s Whole Candidate Score.</p>
<p>Grit eventually became one of the seven key character traits the school determined were the most important underpinnings of success, and would be the traits the school would seek to foster: zest, grit, self-control, social intelligence, gratitude, optimism, and curiosity.</p>
<p>“The idea of building grit and building self-control is that you get that through failure,” the school&#8217;s headmaster told <em>The Times</em>, which closed the article with this observation: &#8220;Randolph (the headmaster) wants his students to succeed, of course — it’s just that he believes that in order to do so, they first need to learn how to fail.&#8221;</p>
<p>So the next time your hiring manager rejects all your candidates, and your hot prospects go to the competition, and the only seat you&#8217;re getting at the table is in the lunchroom, watch the video and think of what Oprah Winfrey once said:</p>
<blockquote><p><em>Be the one thing you think you cannot do. Fail at it. Try again. Do better the second time. The only people who never tumble are those who never mount the high wire. This is your moment, own it.</em></p></blockquote>
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		<title>Who&#8217;s the Best Company to Work For? Here&#8217;s 100 of Them</title>
		<link>http://www.ere.net/2012/01/19/whos-the-best-company-to-work-for-heres-100-of-them/</link>
		<comments>http://www.ere.net/2012/01/19/whos-the-best-company-to-work-for-heres-100-of-them/#comments</comments>
		<pubDate>Thu, 19 Jan 2012 19:58:00 +0000</pubDate>
		<dc:creator>John Zappe</dc:creator>
				<category><![CDATA[News and Features]]></category>
		<category><![CDATA[survey]]></category>
		<category><![CDATA[talentmanagement]]></category>

		<guid isPermaLink="false">http://www.ere.net/?p=23370</guid>
		<description><![CDATA[This year&#8217;s list of the Best Companies to Work For reads a lot like last year&#8217;s. The rankings have changed a bit; SAS, for instance, got unseated for the #1 spot by Google, but otherwise the list (click here for the list of all 100) shows that a great place to work tends to stay [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.ere.net/wp-content/uploads/2012/01/2012-Top-10-best-places.jpg"><img class="alignright size-medium wp-image-23373" title="2012 Top 10 best places" src="http://www.ere.net/wp-content/uploads/2012/01/2012-Top-10-best-places-250x224.jpg" alt="" width="250" height="224" /></a>This year&#8217;s <a href="http://money.cnn.com/magazines/fortune/best-companies/" target="_blank">list of the Best Companies to Work For</a> reads a lot <a href="http://www.ere.net/2011/01/20/100-best-companies-list-has-many-familiar-names/" target="_blank">like last year&#8217;s</a>. The rankings have changed a bit; SAS, for instance, got unseated for the #1 spot by Google, but otherwise the list (<a href="http://www.ere.net/wp-content/uploads/2012/01/2012-top-100-best-places-list.png" target="_blank">click here for the list of all 100)</a> shows that a great place to work tends to stay that way.</p>
<p>That&#8217;s because it&#8217;s no easy feat to win a spot in the top 100, which<em> Fortune </em>released today. Many companies compete &#8212; 1,000 typically start the process. They&#8217;re put through the wringer by <a href="http://www.greatplacetowork.com/" target="_blank">The Great Place to Work Institute</a>, which requires each to undertake employee and management surveys, examines employee engagement, and develops a Trust Index. The Index measures what the Institute believes are the cornerstones of a great place to work: Credibility, Respect, Fairness and Pride, and Camaraderie.</p>
<p>While economic and financial conditions influence the rankings, the Trust Index is the cornerstone of the ranking. Building a high Trust Index takes time and commitment from every part of the company, beginning with the CEO and C-suite. The culture that creates endures.<span id="more-23370"></span></p>
<p>It doesn&#8217;t hurt, though, to offer great pay and great benefits. <a href="http://money.cnn.com/galleries/2012/technology/1201/gallery.best-companies-google-perks.fortune/index.html" target="_blank"><em>Fortune </em>notes</a> Google&#8217;s &#8220;free gourmet food, on-site laundry, dry-cleaning, and alterations, an outdoor sports complex, (and) the star-studded lineup of speakers.&#8221;</p>
<p>But even for perk-heavy Silicon Valley, three-time first-place winner Google offers an unrivaled assortment of benefits and perks, including custom workstations. Says <em>Fortune</em>, &#8220;One option that became increasingly popular last year was swapping out the standard sit-down desk for a standing desk. Googlers place an order with the company&#8217;s Ergolab, choose from a number of desk models, and have their desk measured to their height.&#8221;</p>
<p>Google isn&#8217;t alone in providing unusual perks. GoDaddy, #93 on the list, holds off-site activities <a href="http://money.cnn.com/galleries/2012/pf/jobs/1201/gallery.best-companies-unusual-perks.fortune/10.html" target="_blank">that have included</a> &#8220;whitewater rafting, gold panning, competitive cooking courses, and trapeze classes.&#8221; <a href="http://money.cnn.com/galleries/2012/pf/jobs/1201/gallery.best-companies-unusual-perks.fortune/3.html" target="_blank">Zappos gives every employee</a> $50 to award as a bonus to a co-worker. From those getting a bonus, the company picks a winner who gets a parade, special parking, a $150 gift card, and a cape.</p>
<p>For the complete list of this year&#8217;s best 100 companies and their 2011 rankings, <a href="http://www.ere.net/wp-content/uploads/2012/01/2012-top-100-best-places-list.png" target="_blank">click here</a>.</p>
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