ERE.net

When Monster bought Trovix in the summer of 2008, the blogosphere popped with wonder at how the job board would make use of Trovix’ job matching technology.

Forrester Research analyst Zach Thomas suggested that, “By making this acquisition, Monster is putting a real emphasis on search and they believe it will help them leap-frog the competition.” Others were less generous.

The answer has been coming ever since Monster began beta testing Power Resume Search several months ago. A few weeks ago, confident that its $100 million investment was the homerun it expected, Monster turned Power Search live, premiering it during an analyst meeting that was also webcast over a marathon five hours or so.

Tuesday, the company demoed the new search for a group of recruitment consultants and bloggers. And the result was no mere home run; think grand slam.

In a word, Monster’s new Power Resume Search is stunning. Stunning in its simplicity. Stunning in its speed. Stunning in its ability to intuit skills from a title, and to rank and rerank the resulting candidates depending on what skills and other qualities you decide important. Stunning in its potential for changing the job board business. keep reading…

With the recruiting industry stuck deep in the recession rut, it’s no surprise that companies are looking to diversify.

The RightThing, an RPO, acquired AIRS, a technology and training firm, in 2008. About the same time, CareerBuilder launched Personified, a recruitment consulting and outsourcing business. Two months ago, recruitment technology vendor Taleo acquired Worldwide Compensation, a comp management technology and services provider.

The oddest diversification, though, has to be TalentHook’s launch of a directory of, ahem, gentlemen’s clubs and their entertainers. The company that provides resume search software to hundreds of employers now lets you search for what less euphemistically are called strip clubs. keep reading…

In the wake of ERE’s Social Recruiting Summit Monday comes a contest to expand job seeker use of Twitter, while another quarter counsels caution in how job seekers use social media, but says it’s a must for 21st-century workers.

TweetMyJobs, one of the first job distribution services to use Twitter, is now using the service and its followers to promote itself.  TweetMyJobs is running a contest that has a plasma TV or $500 as its grand prize and the only requirement for winning is to watch a video and enter. So far, so traditional. Here’s where the social media aspect comes in: The winner will be the person who accumulates the most points during the contest. Points are earned each time a person clicks on a unique link to access the TweetMyJobs site.

Contestants are emailed a unique link that can be tweeted, posted to Facebook, and shared on over 20 other social sites. The more friends, followers, and connections you have and can convince to click the link, the more points you earn. keep reading…

Despite mixed results with HR outsourcing, outsourcing parts or all of the recruitment process is growing as companies discover the flexibility and scalability that external worker provisioning can offer.

A new study from outsourcing research firm Everest Global suggests that while the recession is reducing the size of RPO contracts, interest is growing, especially among employers with 8,00-15,000 employees.

“RPO buyers are attracted to a value proposition with cost reduction and scalability elevated due to the current economic climate, followed by improvement of recruitment processes, access to best-of-breed options and technologies, and enhanced employer branding,” said Katrina Menzigian, Global’s VP of  Research. keep reading…

If you aren’t one of the nearly 300 people headed to New York City in a few days for Monday’s #socialrecruiting summit, you aren’t totally out of luck. As has become standard for ERE events, we will be streaming the event live here on the ERE.net homepage for free for those of you who can’t be in attendance.

Social media is rapidly becoming more than just another tool in a recruiter’s toolbox — it’s an important part of the future of the talent acquisition profession. The goal the summit is to have an industry conversation about these tools, and talk about tactics and strategies that are already in the field and working, not pie-in-the-sky ideas. And even if you can’t make it, you can still participate in that discussion.

keep reading…

The global recession has taken a toll on workers everywhere, but except for a few high-profile departures and bonus forfeitures, CEOs have seemed mostly immune. Now comes a report from Compdata Surveys that says CEO base pay declined an average of 9.3 percent since 2008.

In fact, most of the C-suite has seen their base take a hit, says Compdata, which surveyed some 5,000 organizations across the country to compile its proprietary report Executive Compensation. CIO pay is down 2.1 percent while COOs are down 11 percent.

But unless you happen to hold one of those titles, don’t get all weepy over the news. The average CEO is still earning $346,000 in base pay a year. COOs average $214,000 and CIOs average $175,300. keep reading…

A deal announced Monday  between Twitter and LinkedIn makes it a snap now for users of both services to cross post status messages.

You can choose to have some or all your tweets posted to your LinkedIn groups and vice versa. This is a boon for recruiters who now can more easily reach their entire network with news of jobs and opportunities, while job seekers can use it to enhance their personal brand. keep reading…

When Chad Sowash said tens of thousands of new jobs sites were on their way, he wasn’t kidding. Millions of new job boards is the goal, says a new website from DirectEmployers and Employ Media, the registrar and driving force behind the .jobs addresses.

“Soon hundreds of thousands (and, eventually, millions) of geographical .jobs domain names will come online,” boasts the website, Universe.jobs. It’s home base for what the partners are calling The Dot Jobs Universe, a heady name for the job boards that will officially make their debut in January.

These boards are powered by the DirectEmployers Association, a recruitment focused consortium of employers that includes many of the top brands in the U.S.  The job boards will have occupational or geographic Web addresses or addresses that are a combination of the two.

Some of these are already launched. There’s NewYork.jobs, Boston.jobs, India.jobs, and more. A video on the Dot Jobs Universe site offers other possibilities; FloridaNursing.jobs, for instance. keep reading…

The Conference Board is predicting that the monthly job losses that have hammered U.S. workers since January 2008 will end early next year.

The Board’s Employment Trends Index rose for the second consecutive month in October, and is now at 89.3, up 0.7 percent from the revised September figure. It’s still down significantly from a year ago, when the index was 104.5.

The improvement, said Conference Board senior economist Gad Levanon, foreshadows an end to job loss, but not an immediate, strong, uptick in hiring.

“The Employment Trends Index has likely turned a corner in September, and the historical relationship between the index and employment suggests that job losses will end in early 2010,” said Levanon. “While layoffs have certainly declined in recent months, we still expect to see employers adding hours to their existing workforce before hiring will strongly increase.”

Numbers from the Bureau of Labor Statistics, which issued its October jobs report on Friday, show little change in workers’ hours over the past several months. Since June, the average number of hours worked weekly in the private sector has been steady at 33. In the manufacturing sector, weekly hours have ticked up by 30 minutes since June and now stand at 40 hours a week on average, with 3.2 hours of overtime work weekly, an improvement over June’s 2.8 hours.

Here is what is going on this week around the ERE.net world:

• We are just a week away from the second #socialrecruiting summit, taking place next Monday, November 16 in New York City. There are still a few tickets left if you plan to attend in person. If not, stay tuned for more information on the live streaming that will take place next week. Either way, make sure to clear your calendar for next Monday to participate in the conversation about the intersection of social media and recruiting strategy.
• On Tuesday at 2:00 p.m. ET, tune in to our sister site, FordyceLetter.com, for this week’s new episode of Fordyce TV led by Shally Steckerl – If You Need a Sourcer, Part I. In this session, Shally takes us through how he built some of the world’s most successful sourcing teams.
• Sign up for this week’s free webinar on Thursday at 2:00 p.m. ET – Quick and Free Ways to Source Executive Talent Online also led by Shally Steckerl. Shally will talk about strategies for attracting executive talent, presenting a diverse range of candidates that meet and exceed requirements, filling positions quickly, and free online tools that can facilitate the process.
• The speaker list continues to grow for ERE Expo 2010 Spring taking place in San Diego from March 15-17. Stay tuned for more information about the agenda, and make sure to reserve your spot today and take advantage of the early bird discounts in place. And if you are a sourcer, make sure to save the date for SourceCon 2010 which will take place in San Diego from March 14-16. Stay tuned for more info on both of these exciting events, and let me know if you have any questions about either of them.

I hope you have a great week, and feel free to leave any questions you have in the comments section below.

October pulled a trick on economists who had expected the U.S. would be treated to a slowing job loss. Instead, the Bureau of Labor Statistics said this morning that 190,000 jobs were lost during the month, helping push the unemployment to a surprising 10.2 percent.

Surveys of economists had predicted the numbers would be closer to 150,000 to 175,000 lost jobs and an unemployment rate of 9.9 percent. The spike pushed the unemployment rate to its highest point since April 1983 and the job loss was the 22nd consecutive month of declines. keep reading…

What do you get when you search your name online?

Aw, come on. Of course you’ve looked yourself up on the Internet. Almost half of all Internet users did in 2007. The latest survey puts the number at 59 percent.

And if you really, really haven’t then you may want to retake recruiting 101.

Just as companies no longer are masters of their own brand, neither are you. There are sites to rate teachers, cops, doctors, even parts of your anatomy. Then there are the pictures and comments well-meaning friends have posted about you.

Google yourself and you may find those bleery-eyed conference party photos of you rank higher than than does the whitepaper you authored. Or, you may discover you rank lower than the death notices of others with like names.

To help remedy that there’s PlaceYourName.com. It’s a personal marketing service that promises to help users “manage and control what is seen about them when their names are searched online.” keep reading…

In what is by now an open secret, Google is hiring 200 recruiters and sourcers for a one-year gig.

Details are sketchy, but Dave Mendoza did post an email about the hire to his site Six Degrees From Dave. The email is from a recruiter for Nelson Staffing and says the firm got a contract from “A Major (and pretty exciting) employer in the South Bay here in N. CA.” The email doesn’t name the employer, but it says Nelson needs to find “200 upbeat and enthusiastic recruiters and sourcers for them — by next week.” keep reading…

Two labor-related reports this week offer no evidence that the recession Wall Street believes is over really is, at least so far as workers are concerned.

The Conference Board’s monthly Help-Wanted OnLine Data Series reported that online job postings dropped by 83,000 in October. The number of newly posted jobs dropped by 24,000. keep reading…

Financially battered Workstream has changed leadership again, bringing back its co-founder and board chairman Michael Mullarkey as chief executive officer. He replaces Steve Purello, whose resignation was announced this morning. keep reading…

Aided by a $32 million income tax adjustment, Monster Worldwide reported it earned $33 million or 27 cents a share. Without the tax benefit Monster earned 1 cent a share, beating the Street’s guess the company would just break even.

Revenue, however, was $215 million, $8 million below what analysts expected. Sales in North America continued their recession-fueled decline, dropping 39 percent from the same quarter a year ago, and down from the $102 million in Q2 of this year. International sales were off 41 percent from the prior year, but off only 4.4 percent from the $89 million posted in Q2. An unfavorable exchange rate took a $7.4 million bite. keep reading…

In a joint venture with the manager of the .jobs domain, DirectEmployers has launched the first of what might become tens of thousands of new geographically and occupationally focused job boards all sharing a .jobs extension.

The new sites, identical in design and structure, made their appearance earlier this month. Among them are Atlanta.jobs, Boston.jobs, Mexico.jobs, and India.jobs.

“We just started pushing them out,” says Chad Sowash, VP of business development for DirectEmployers, a non-profit HR consortium, that has recruiting as its focus. Among its services is the Job Central job board, to which members can post jobs without additional fee.

“It’s a new playing field,” Sowash adds. “What this is going to do is allow thousands more, perhaps tens of thousands more” sites where job seekers can look for jobs. keep reading…

A new study from Watson Wyatt has pretty good news for employees who miss their old salaries and 401(k) matches, and shows that employers are just as worried about keeping people as they were before everything went all haywire on us.

Let’s start with retention. Take the percentage of surveyed employers (26%) who now say they are “significantly more concerned” about retention of key employees than they were before the economic crisis hit and the percentage (39%) who are “slightly more concerned” — add them together, and you find that almost two-thirds are more concerned about top-talent retention than before.

On to salaries, benefits, hours, layoffs, and hours. keep reading…

The British newspaper whose job board was hacked over the weekend is advising the half-million users whose information may have been accessed to buy identity insurance and notify credit reporting agencies.

An indignant Twitter post by one of those whose account with The Guardian jobs site was compromised says she received an email from the newspaper advising her of the illegal access and suggesting she subscribe to an identity protection service.

“got the guardian hack email – they suggest I buy identity fraud protection services. Hang on, who let people steal my information?” reads the tweet by Joelle Nebbe-Mornod, a technology consultant and former CTO now in the U.K.

The site itself gives no hint of the hack, until you scroll almost to the bottom of the home page where, under a heading of Workplace News, there is a short item headlined: Guardian jobs site – Security Breach. It links to a page of more detailed information. keep reading…

When Dr. John Sullivan said last week that employers have lost control of their brand, he likely wasn’t thinking of Sidewiki. Why should he? When the article was published Monday Sidewiki was not even three weeks old; Google launched it on Sept. 23rd.

But Sidewiki’s potential for deconstructing a brand is enormous. Unlike all the networking sites, Twitter posts, and job board forums where the disaffected go to vent their anger, Sidewiki makes it possible to post these comments directly to your site.

Just imagine the mischief a disgruntled job seeker or employee can wreak by posting their story directly to your site. Side by side with your video of happy employees talking about the fun and interesting work they do is a post — or multiple posts — from current and former workers denouncing your message as bogus.

If Sidewiki were to catch on and gain even a percentage of the users that Twitter has, the impact is easy enough to see.

Says Mark Hornung, senior vice president, strategy, at Bernard Hodes, “What that means for corporate employment sites is that they need to be monitored much more aggressively.” keep reading…