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Monster CEO’s Severance: More Silver Than Gold

by Nov 7, 2014, 5:11 pm ET

Sal Iannuzzi

As golden parachutes go, color former Monster CEO Sal Iannuzzi’s severance package silver.

His departure from the job he held since April 2007 was announced Tuesday. He was replaced by Tim Yates, who previously served as Monster’s CFO and executive vice president before retiring last year.

Depending on the value of Monster’s stock on June 30, 2015, Iannuzzi’s last day as a Monster employee, he could leave with a severance worth more than $23 million. That amount is based on the company’s April 24 proxy statement and the November 6 8-K filing with the Securities and Exchange Commission. keep reading…

Unemployment Drops as Economy Adds 214K Jobs

by Nov 7, 2014, 9:40 am ET

Econ Index Oct 2014For the ninth consecutive month job creation topped 200,000, adding 214,000 new non-farm jobs last month. Meanwhile, the unemployment rate edged down to 5.8 percent, the lowest in six years.

The U.S. Bureau of Labor Statistics, which released the monthly employment report this morning, also adjusted upward its job estimates for August and September, adding 31,000 more jobs to the totals announced previously. The numbers are seasonally adjusted.

October’s initial count, subject to change when the November report is issued next month, was less than what labor economists were forecasting. Various surveys put the average of their estimates in range of about 235,000 to MarketWatch’s high of 243,000. The report was also below the 230,000 average of the previous nine months. keep reading…

Next Generation Recruitment Marketing

by Nov 6, 2014, 1:08 pm ET

Recruitment marketing is rapidly changing and shows no obvious signs of settling down anytime soon. It’s no longer enough to just be “hiring,” nor is it enough to be an employer of choice. Something else is still needed to elevate you above the rest. Please join host Bryan Chaney, in this upcoming Jibe-sponsored webinar, as he shares:

  • How and why video is replacing voice messaging
  • The use and explanation of “candidate motivators”
  • Creating a 1-to-1 marketing campaign by skill set
  • When and when not to involve the marketing dept.

Ensure that you get yourself registered soon; there is honestly far more material and information being shared than we can cover here today. Don’t miss out!

Date/Time of Webinar: November 13, 2014 at 2 p.m. EST

Registration Link: https://cc.readytalk.com/r/5mm8dhsi4apa&eom

Sponsor: Jibe

Can’t attend? No Problem!  Register and receive a copy of the recording to watch at a more convenient time!

New Topics, New Speakers, New Format. That’s What’s Coming to San Diego in 2015.

by Nov 5, 2014, 11:14 am ET

Screen Shot 2014-10-27 at 9.59.54 AMThe website for the April 27-29 ERE Recruiting Conference is launching today, featuring a long list of new in-house talent-acquisition leaders speaking, new topics, and a new format.

A “bold approach to talent-acquisition management & leadership” theme highlights the San Diego event, which includes 23 topics such as:

  • the State of Talent Acquisition 2015
  • The Future of Talent Acquisition
  • Make Talent Acquisition More Agile
  • Infuse New Life Into Your Employee Referral Programs
  • Increasing the Competencies of Your Talent Acquisition Team
  • Hiring, Training, and Managing Recruiters
  • … and more topics designed for those who manage their organization’s TA function.

Among the dozens of new speakers:

    • John “Coach Bru” Brubaker, award winning college lacrosse coach
    • “Antarctic Mike” Pierce, polar marathoner
    • Judy Wright, director of talent acquisition solutions & employment brand, Providence Health Services
    • Love Whelchel III, chief talent officer, Devries Global
    • Mark Fuell, talent acquisition leader, EY
    • Mark Craig, managing director, talent acquisition, Charles Schwab
    • Kristilina Hintgen, SVP, human resources, loanDepot
    • Molly Weaver, director of talent acquisition, Children’s Mercy Hospital
    • Mike McDonald, director, talent acquisition, Pandora
    • Lindsay Jurisch, global sourcing lead, Sutherland Global Services
    • Cat Hernandez, head of talent, Chartbeat
    • Joris Luijke, VP of people, Squarespace
    • Dan Bruder, director of recruitment, Peace Corps
    • Matthew Jeffery, VP global head of sourcing & employment branding, SAP

New Format

For the first time, ERE will feature TAD Talks – like a TED talk, but on Talent Acquisition Development. Step out of your comfort zone during these 15-minute talks that’ll provide food for thought and have you rethink the way you spend your day and your dollars.

After experiments during our past two events which provided rave reviews from all who attended, all attendees will now participate in Think Tanks where you’ll discuss your own challenges and explore solutions at a small table of your in-house, talent-acquisition leader peers. The think tanks will revolve around three topics: 1) Technology; 2) The candidate experience; and 3) Hiring/managing/training recruiters.

Check out the full spring site for more information on the overall agenda, speakers, and topics, and book early to take advantage of early bird savings.

There’s a New Way for People to Get Jobs in Secret

by and Nov 5, 2014, 10:29 am ET

Screen Shot 2014-11-05 at 7.22.25 AMLet’s pause for a minute from the analyzing of the election in the U.S. to take a look at — what else? — more recruiting startups.

Read on: keep reading…

Recruiter Demand in the World’s Largest English-speaking Countries

by Nov 5, 2014, 5:58 am ET

Recruiters are in demand throughout the world. Among the largest English-speaking countries, India currently has the greatest need for recruiting professionals, with about 26,430 job listings posted online. (Although India’s primary language is Hindi, English is the other official language of its Central Union Government.)

The U.S. ranks second in recruiter demand among these countries, with 7,270 job ads for recruiters. However, when it comes to the percentage of total jobs that are for recruiters, Canada has the highest market share of recruiting jobs. About 1.3 percent of Canada’s jobs advertise for recruiters. India is close behind with 1.2 percent percent of its online job openings seeking recruiters.

Market Share of Recruiting Job Ads vs. All Ads in the Largest English-speaking Countriesmarket share of recruiting job ads

Source: WANTED Analytics

In terms of HR job listings that advertised for recruiters, the dynamic shifts. keep reading…

Monster Names New CEO; Beats Wall Street on Earnings

by Nov 5, 2014, 1:06 am ET
Tim Yates

Tim Yates

Like so many companies these days, Monster hired a boomerang to be its new leader, announcing Tuesday morning that former CFO and current director Tim Yates will be the company’s new CEO.

The announcement was made by Sal Iannuzzi, the company’s chairman, and now former CEO and president, during the quarterly financial conference call with investment analysts. After discussing Monster’s financial performance, which surpassed Wall Street’s predictions on both earnings and revenue, Iannuzzi said he was stepping down for undisclosed personal reasons. He will remain on the board as non-executive chairman.

Such explanations might ordinarily signal a forced change of command over board unhappiness with performance or strategy or both. And with Monster’s stock trading at historic lows, it’s a reasonable assumption. However, Monster’s Three Pillar strategy, unveiled in May, shows signs of paying off. Monster earned 5 cents a share in the third quarter, beating the 3 cents a share Wall Street predicted. Revenue grew to $191.2 million, compared to analysts’ estimates of $189.9 million. keep reading…

Check Out These Upcoming Webinars!

by Oct 31, 2014, 4:44 pm ET

Implementing an ATS – Finding Success in Preparation

For anyone planning to implement an applicant tracking system, keep in mind that it’s common to overlook key requirements and for any number of reasons. Thankfully, in this upcoming Jobvite-sponsored webinar, hosted by Megan Stanish and Shawnee Irmen, they will share the following:

  • Avoid all the user-discovered red flags than can occur after going live
  • Learn what customizations may be needed to bring your system to life
  • Step-by-step guide based on industry leader experiences

Make sure to register for this webinar. It is absolutely going to be helpful in the face of modern-day recruiting and sourcing challenges.

Date/Time of Webinar: November 5, 2014 at 2 p.m. EST

Registration Link: https://cc.readytalk.com/r/9p2a8fz7h0te&eom

Sponsor: Jobvite

And then, coming up on Thursday:

Incorrect Tactics Can Compromise Your Talent Strategy

One of the absolute best ways to improve your recruiting/sourcing is to abandon conventional methods of recruiting. Not all of them, but attempting to view challenges with a fresh perspective or a new set of tools and processes is what is needed. In other words, “break the mold” on the already tried-and-true practices that exist, and prepare to think outside the box in this upcoming SuccessFactors-sponored webinar, hosted by Lou Adler, as he covers the following:

  • Converting jobs into careers
  • How to tame those hiring managers
  • Effectively building a deep network
  • So much more

Prepare to cast off the shackles of repetition we all have come to know in the recruiting world and register today for a genuine fresh take on recruiting tactics.

Date/Time of Webinar: November 6, 2014

Registration Link: https://cc.readytalk.com/r/k8u7vba5cgge&eom

Sponsor: SuccessFactors

LinkedIn Revenue Up; Company Says Rate Increase Coming

by Oct 30, 2014, 6:31 pm ET

Job board rev q3 2014The LinkedIn revenue juggernaut rolled on over the summer, growing by 45 percent, with recruitment accounting for the largest share of the $568 million the company brought in from July through the end of September.

Reporting its third quarter financial results after the U.S. markets closed this afternoon, LinkedIn said it earned 52 cents a share after excluding stock-based compensation. The consensus of Wall Street analysts was the adjusted earnings would be 39 cents a share. LinkedIn also beat its $557.49 million revenue forecast.

Taking into account the cost of the shares it gives employees as part of their compensation, LinkedIn lost $4.3 million, almost a million more than it reported in the third quarter 2013. keep reading…

Dice Posts Strong Q3; Boosts Outlook for the Year

by Oct 30, 2014, 2:13 pm ET

Dice Q3 2014Dice Holdings, publisher of multiple niche career sites including its flagship tech site Dice.com, earned 18 cents per share on third quarter revenue of $67.6 million, besting Wall Street’s expectations on all fronts.

Issuing its quarterly financial report this morning, Dice said it grew revenue 29 percent over the same quarter last year and predicted it would end 2014 with total revenue in the range of $262.5-$263 million. That’s above Wall Street’s consensus estimate of $258.97 million, and above even the highest forecast of $262.10 million. keep reading…

ERE Recruiting Excellence Awards Launch

by Oct 29, 2014, 5:59 am ET

Screen Shot 2014-10-22 at 9.31.23 AMYour chance to get exposure for your great work and join an all-star list of past honorees: We’re now taking applications for the 11th annual ERE Recruiting Excellence Awards. All applications must be in by November 28. keep reading…

American Sourcers Rate Low for Search Skills

by Oct 29, 2014, 5:52 am ET

Average response rate for Li Talent global surveyDespite inventing the job of sourcer, professionals in the U.S. are less technically skilled at it than their counterparts in the rest of the world.

They are more reliant on paid LinkedIn accounts and InMail introductions than are sourcers elsewhere, yet they are ahead in using Google+, Twitter, and especially Facebook, which is used by an average of 46 percent of American sourcers versus a global average of 37 percent.

And, regardless of region, sourcers who pick up the phone to reach candidates have a far better response rate than other contact methods.

At first glance, these findings from the Global Sourcing Survey produced by Alexander Mann and Social Talent would seem to suggest American sourcers are second rate. The wording of the report’s summary of sourcing in the Americas in part does conclude, “It would appear that all American sourcers have become too reliant on InMails and too few are properly leveraging other social channels.” keep reading…

Perhaps One of These Recruiting Technology Startups Will Be a Homerun

by and Oct 28, 2014, 4:07 pm ET

Screen Shot 2014-10-28 at 12.24.12 PMBigger human resources/recruiting technology companies are scurrying around working on new products. IBM, using Watson, is working on a release of its new “Kenexa Talent Insights” product using common language, like “What is the most common reason for candidates rejecting an offer?” We’ve heard that sometime around November 12, Glassdoor (as it also eyes a European expansion) will launch a “company updates” feature, a little like you see on a LinkedIn home page feed. And Gild — wow, did we just call that a big company? That’s what happens when there are so many startups — is transitioning itself from a sourcing/screening tool for developers into a full-blown recruiting system for all candidates.

But, meanwhile, you have more new companies launching in this field. Like: keep reading…

The Intersection of HR & Marketing: Employee Advocacy

by Oct 28, 2014, 5:26 am ET

dot.govAlthough it may not seem like it at first blush, HR is no stranger to marketing.

At its core, that’s what recruiting is: marketing and direct sales. Those in the recruitment profession market professional opportunity through sharing openings, culture, and brand association. On the sales side, its quite possibly one of the hardest sales jobs; much like real estate, both sides are buying, so both sides can say no. It’s not like a car is going to refuse to be sold to a buyer.

So over the years, recruitment has focused on refining its “spoken sales pitch.” While an important part of the process, it is fairly limited in its reach. The move to digital marketing came about and our ability to broadcast news, share glimpses into our company culture, and build different level of “relationships” with ‘brand-fans’ widened. The online space got very, very noisy.

Amidst that noise emerged evidence of fissures in the brand façade; the carefully crafted messaging by the brand didn’t actually match conversations about the workplace realities of the employees. “A company that cares? Sure … about profit! Let me tell you how… [insert employee vent session here].” Well-intentioned employees trying to help disgruntled customers or potential buyers by giving product/service information that proved to be inaccurate. Less-than-flattering posts from the “personal” side of life conflicting with stated goals, ethics, and morality embraced by the organization.

All of these disparate voices, fragmented messages — they have traditionally freaked out marketing, human resources, and the C-Suite … with fair reason: the disharmony can create confusion in candidates and consumers, which is clearly bad for the brand.

The reality is that employers cannot “silence” the voices. They never really could. Those fissures always existed; however, the adoption of digital ecosystems vastly extended individual reach and amplified their individual stories “on brand” or not. And here’s the real kicker: employees have more credibility, individually, than executives, according to the Edelman Trust Barometer. So if we’re unable to “control” these powerful voices, what are HR marketers and brand managers to do? The need behind this question drove the creation of a new category that sits at the intersection of marketing and human resources: employee advocacy.

An employee advocacy program is about more than marketing controlling how the brand message is shared. keep reading…

LinkedIn Terms Update: Your Content Is Yours (and Please Don’t Spam)

by Oct 22, 2014, 6:55 am ET

LinkedinLogoTransparentFor most recruiters, LinkedIn’s updated user agreement that goes into effect Thursday doesn’t change much. Recruiter customers will still be able to search for candidates, download profiles, send InMails, and generally source as they have before.

The biggest change is that LinkedIn says you own the content you post on the site. That, and the simplicity and clarity of the wording of the updated terms of service, have earned LinkedIn kudos with one writer calling the changes “monumental for the industry.” More about that later. keep reading…

LinkedIn Working on New Tool Showing Size of Talent Pool

by Oct 21, 2014, 1:26 pm ET

Screen Shot 2014-10-21 at 10.12.36 AMLinkedIn’s annual conference — in addition to its high-end audio/video production and its steady supply of food, entertainment, coffee, and miscellaneous other beverages — is known for an annual product launch or two (see the second paragraph from last year’s event).

This year, LinkedIn announced it’s working on two new tools, both being piloted by some customers now and set for release in 2015. keep reading…

Upcoming Webinars You Won’t Want to Miss

by Oct 17, 2014, 3:45 pm ET

How to Successfully Hire Seasonal Associates

Hiring seasonal associates efficiently and effectively in a very short timeframe is something H&R Block is very familiar with. Kristi Jones will discuss how H&R Block ramps up from 2,000 regular associates to an additional 75,000+ seasonal associates for tax season. She’ll discuss some of the successes and challenges they have faced when hiring seasonal associates for both corporate and field locations. A few of the topics Kristi will touch upon are workforce planning, using lean methodology, scheduling/interviewing, training for your hiring managers and recruiting team, and using social networks.

Date/Time of Webinar: Tuesday, October 21 at 11 a.m. / 2 p.m. Pacific

Registration Link:  https://cc.readytalk.com/r/bmki4mldixhn&eom

Sponsored by:  Jibe

 

And later this week …

Inside Career Website Redesigns: Trends and Takeaways from the Talent Community

With a recent survey revealing 60 percent of the respondents admitting that their current career site could be better or does not even meet their needs, and an additional 35 percent planning a career site overhaul in the next 12 months, it is clear that there is a huge amount of improvement to be made. Please join host Jody Ordioni if you have any interest at all in a redesign in the near future. Or join in if you have any interest in the following:

  • Forward-looking and practical information that will aid you in your redesign
  • Keeping up on the newest trends, best practices, and latest predictions
  • Expanding your understanding of website redesigns in general

Date/Time of Webinar: Thursday, October 23 at 11:00 a.m. Pacific / 2 p.m. Pacific

Registration Link: https://cc.readytalk.com/r/snyhdt4sfkxa&eom

Sponsor: Findly

Fed Bank Says Worker Shortages Putting Pressure On Pay

by Oct 16, 2014, 6:40 pm ET

Reports from the Federal Reserve say shortages of skilled workers in a variety of trades are showing up here and there across the U.S., putting upward pressure on pay.

Employers are having to pay more to attract workers in construction and manufacturing in several parts of the U.S. In parts of the Midwest, mid-Atlantic region, and the Northern Plains states, transportation workers are seeing somewhat higher pay. And in New York the number of workers quitting to take higher paying jobs is on the rise.

That shortages of some professionals exist is nothing new. Last week Dice reported that unemployment among tech professionals had fallen to an average 2.7 percent in the third quarter. And SHRM’s LINE Report for October said its measure of recruiting difficulty has been going up for seven months straight.

But the Fed’s October 15th “Beige Book” notes that “Most Districts reported that some employers had difficulty finding qualified workers for certain positions.” (The nation is divided into 12 federal reserve districts.) keep reading…

Webinar: Hiring Metrics — Linking Talent Metrics to Quality of Hire & Financial Performance

by Oct 9, 2014, 11:12 pm ET

Today’s market is seeing hiring metrics as a benchmark to achieving business goals, and this is especially true in the areas of HR, Recruitment, and Talent Management. With that being said it is quite helpful to know exactly WHAT they are looking for, and your host in this upcoming iCIMS sponsored webinar, Shanil Kaderali, has the answers as well as the following:

- What defines both pre- and post “quality of hire” metrics

- The link between financial performance and talent metrics

- A comprehensive, analytical (yet summarized) session for talent acquisition and HR leaders

- And so much more!

This is absolutely one webinar you do NOT want to miss; if your organization is currently using metrics to gauge their benchmarks/goals then you NEED to know just what that entails. Hurry and register today and don’t miss out!

Date/Time of Webinar: October 15, 2014 at 2 p.m. EST

Registration Link: https://cc.readytalk.com/r/xanh61e15ap2&eom

Sponsor:  iCIMS

Can’t attend the live event? No problem! Register and receive links to the recording and slides!

At Glassdoor and Gild, the Marketing Was Skilled

by Oct 9, 2014, 11:32 am ET

Screen Shot 2014-10-09 at 7.01.15 AMIn case some of the spring ERE gossip and the fall ERE gossip wasn’t enough, here’s a little of what I picked up yesterday at the HR Technology Conference in Las Vegas. keep reading…