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Goood Stuff and Those Office Romance Reports

by
John Zappe and Todd Raphael
Feb 10, 2012, 5:02 am ET

Walk into any workplace and what’s in the air? Besides the burnt popcorn. We mean that other thing. That sweet scent of romance.

Yes dear reader, just in time for Valentine’s Day CareerBuilder tells us what you’ve been suspecting all along: your office mates are mating up. If the survey is to be believed — and why not?; they surveyed 7,780 people who all can’t be pranking us — then almost 4 in 10 workers have dated someone they met on the job.

Awkward, if one of them thinks it’s going places and the other one … you get the idea. Fortunately, 31 percent of those relationships lead to marriage. (Which is no guarantee things won’t get even more awkward a little down the road. But this is the season for love, so ignore our dose of ugly reality. Or read on to the part where we tell you how Challenger, Gray, & Christmas snuck in a warning about office violence.)

HR people out there, this stat’s for you: CareerBuilder says 18 percent of office dating is between boss and their report. Women were more likely to date up than men, 35 percent to 23 percent respectively.

Of the industries reported, you just had to know that hospitality by far (47 percent) has the most co-dating co-workers. Healthcare also made the top five list, which, considering how many parents hoped their offspring would marry a doctor, is no surprise. But financial services (40 percent)? And transportation and utilities (43 percent)? And IT (40 percent)? These also made the top five? Really?

Now moving on to that warning about workers pulling a Valentine’s Day Massacre  from Challenger, Gray & Christmas (hereinafter CG&C). “Some companies are facing an entirely different problem: their workers have lost that loving feeling and the consequences can be dire,” reads the press release we got from the global outplacement firm.

“Often in situations where managers are aware of a problem between two or more coworkers, they merely look the other way, letting the employees work it out amongst themselves.  This may work in some situations, but in others, this hands-off approach can have disastrous results,” says CGC CEO John Challenger.

The press release offers a whole bunch of ideas to increase civility and reduce animosity. Missing from the list, and very conspicuously considering Valentine’s Day started this whole thing, is the free supply of large amounts of chocolate.

A Vowel Please

From the “Can I buy a vowel?” department comes Goood Job, the latest in a long line of companies entering the employee-referral-social media business we’ve talked a lot about (and includes socialcruiter, socialreferral, and many others). In short, here’s how Goood Job works:  keep reading…

Strong Financial Report Sends LinkedIn Stock Zooming

by
John Zappe
Feb 9, 2012, 7:09 pm ET

LinkedIn’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 investors got a look at the report, the stock climbed up, and within two hours was trading at $83.25, up 9 percent.

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.

Calling 2011 “A landmark year for LinkedIn,” 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 “refresh a number of our pillar products.” Many of those are recruiting related.

Before today’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’s revenue totaled $522.1 million. keep reading…

Taleo Becomes Latest HR Vendor to Be Sold

by
John Zappe
Feb 9, 2012, 1:01 pm ET

Oracle announced this morning it will buy HR software vendor Taleo for $46 a share, a deal worth about $1.9 billion.

It’s the second major acquisition of an HR firm in three months, and continues an Oracle buying spree that’s so far added some 70 companies at a cost of about $40 billion, according to Bloomberg.com. Last fall, Oracle bought RightNow Technologies, a cloud-based CRM provider.

The Taleo deal, however, falls far short of what SAP is paying for SuccessFactors. 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,” the company said in making the announcement.

SAP has run into delays completing its acquisition. The deadline for the deal has now been extended for a third time to Feb. 15th 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. keep reading…

Job Board Benchmarking Study Points to a Changing Industry

by
John Zappe
Feb 7, 2012, 3:39 pm ET

So often pronounced dying, dead, and all but useless for job seekers and employers alike that it’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 out on top or top-adjacent on nearly every source of hire study. In a Bersin & Associates survey this fall job boards tied for first with internal transfers as the leading source of all hires. CareerXroads says job boards produced 24.9 percent of all external hires in 2010, second only to employee referrals (27.5 percent).

The latest survey comes from tech vendor Talent Technology, 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.

What’s remarkable about the evidence is how few accept it. Even after reporting that “job boards remain popular and are used to fill 19 percent of open positions – making job boards the No. 1 source for candidates,” Bersin titled that section of the report “Job Boards: Not Dead, but Dying.”

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.

Now, finally, seven years after it’s founding by Peter Weddle, the International Association of Employment Web Sites has bestirred itself to do some serious research about the industry. keep reading…

2012 ERE Recruiting Excellence Award Finalists

by
Todd Raphael
Feb 7, 2012, 5:40 am ET

This eighth year of the ERE Recruiting Excellence Awards brought applications from big corporations, small companies, government agencies in the U.S., and consultancies in India. In some categories there were runaway winners, and in others, there were knock-down, drag-out barn-burners.

As fun as it is to judge, it was taken seriously. Some applicants used every hour of their midnight, January 6 deadline (we know — we were on the phone answering their questions) and judges used every minute of theirs (we know for the same reason). Judges wrote lengthy explanations of their choices, and some created algorithms to rank each applicant, and sent us the spreadsheets they created as living proof.

Anyhow, it sounds trite, but great work’s being done, in many cases under challenging circumstances. Some of the companies that didn’t win were so good that we hope they apply again, or share their stories on ERE.net webinars or at future conferences. As for next spring’s conference in San Diego, that’s where the winners will be announced, and that’s where they’ll take questions from you as to how they succeeded, overcame hurdles, and what’s in store next. Without further ado, here are the finalists in alphabetical order within the categories:

keep reading…

Super Bowl 46: Great Game; So-So Ads

by
John Zappe
Feb 6, 2012, 1:11 pm ET

It’s a good thing that this year’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&M commercial ranked 4th.

However, it was a such a mediocre crop of ads this year that more than a few newspapers used the word “Yawn” in their headline of the coverage. The Associated Press report said: “The Super Bowl may have been a nail biter, but the ads were a snooze.”

“What’s notable about this year versus others is that advertisers played it safe. As a result, we saw fewer standouts, but we also didn’t see as many costly mistakes,” said Tim Calkins. He’s clinical professor of marketing at the Kellogg School of Management at Northwestern University who each year leads the school’s Super Bowl Advertising Review.

The panel’s top pick was the M&M ad. CareerBuilder, which ignored criticism over its use of chimpanzees, got a “B” grade from the panel. The USA Today audience ranked it in the middle of the pack. keep reading…

Unemployment Rate Drops Again as U.S. Adds 243,000 Jobs

by
John Zappe
Feb 3, 2012, 9:54 am ET

Strike up the band. Break out the confetti. The market’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’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’s data group adjusted 2011′s jobs numbers. Now, only March (+246,000) and April (+251,000) had stronger numbers.

January is the second consecutive month to beat estimates. Economists predicted anywhere from MarketWatch’s tepid 121,000 to the more optimistic 182,000 in the Bloomberg survey. None of the widely reported surveys saw a decline in the unemployment rate.

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.

While governments continued to cut jobs — federal jobs were cut by 6,000 and local government cut 11,000 positions — the private sector added 257,000. This was more than 50 percent higher than the ADP estimate earlier in the week. keep reading…

Sleeping Interviewers, Stale Resumes, and Social Analytics

by
John Zappe
Feb 3, 2012, 5:19 am ET

What would you do if the person interviewing you fell asleep? What Irwin did turned out to be worth $100. You’ll find out more if you read through this week’s roundup. And, as a little incentive to make it to the very end, there’s a link to some nifty free marketing analytics tools.

One suggestion: You might want to keep a glossary of acronyms handy. Those of you who can correctly identify ANSI, ATS, SaaS, and SMB — you are excused from the glossary requirement.

Freshening Stale Resumes

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’t hear back. Or if you do, you find out they’re perfectly happy in the new job they started six months ago.

There goes your time-to-fill right down the drain. keep reading…

Dice Reports Strong 4th Q, Less Certain About 2012

by
John Zappe
Feb 2, 2012, 1:58 pm ET

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’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.

Last week Monster’s stock 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′s loss into a 37 cents a share profit.

keep reading…

Grocer Freshens Up Website

by
Todd Raphael
Feb 2, 2012, 1:36 pm ET

That grocery store chain popping up all over Arizona, Nevada, and California has launched a new careers website with a good main-page video talking about jobs at the British-owned grocer.

On the Fresh & Easy home page — the company home page, not the careers home page — the words “A Great Place to Work” (as opposed to “jobs,” “employment,” or “careers”) take you to the carers page.

That’ll take you to the redesigned careers page, which includes videos, a q-and-a about the interview process, a blog, and more.

Fresh & Easy is recruiting employees and interns on Twitter, LinkedIn, and Facebook. The company — which despite its growth is not without challenges — plays up its low energy use, and its food that avoids trans fats, artificial flavors and colors, and high-fructose corn syrup.

Employer Review Site Makes a Facebook Connection

by
John Zappe
Feb 2, 2012, 12:01 am ET

When Glassdoor launched its Facebook connection a few minutes ago, the company that’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’s BeKnown, and LinkedIn, the reining leader. (Facebook had its own big news Wednesday, filing for its much anticipated IPO.)

Like BranchOut and BeKnown, Glassdoor leverages a user’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.

Setting Glassdoor apart is the wealth of information it has collected about tens of thousands of companies that’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 — both pro and con — and now, who among a person’s Facebook connections has an in. keep reading…

Aussie Military Launching New Recruiting Campaign

by
Todd Raphael
Feb 1, 2012, 7:30 pm ET

The Australian defense department has started a new campaign with a “Superman” motif to recruit reservists, the first big effort like this in seven years.

Its plans includes TV ads, movie ads, billboards, newspaper and magazine advertising, and of course the career site, featuring people lifting up their shirts to show military uniforms underneath.

The site plays up the potential for good benefits, travel, community involvement, and personal growth — the latter, for example, exemplified by the prominent quote from a reservist on the site saying: “I wanted an opportunity to step out, try new things, and push myself.”

The Australian Army hopes to use the campaign for at least three years.

Facebook Files For IPO

by
John Zappe
Feb 1, 2012, 6:01 pm ET

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’s based on the registration fee it paid. The New York Times says it could end up raising much more.

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’s total population.

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. keep reading…

170k New Private Jobs In January, Says ADP

by
John Zappe
Feb 1, 2012, 1:03 pm ET

HR services company ADP says the U.S. added 170,000 private sector jobs in January, providing more evidence that while the economy isn’t backsliding, it also isn’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 number right at 170,000.

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.

A year ago, ADP said 190,000 private sector jobs were created in January.

This morning’s report, says Peter Boockvar, equity strategist at Miller Tabak, “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’s official report from the U.S. Department of Labor will show 165,000 non-farm jobs created in January. keep reading…

Employee Referrals May Be Even More Effective Than We Think

by
John Zappe
Jan 31, 2012, 3:31 pm ET

Employee referral programs may produce more hires — perhaps many more — 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’s 24 percent (for non-exempt positions) to about a third. Some programs do much better.

From CareerXroads now comes evidence that the hires from employee referrals are undercounted.

“Referrals permeate the recruiting process more than we think,” says recruiting consultant Gerry Crispin, a CareerXroads principal.

He 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.

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’s annual Source of Hire study, “we’re finding referrals are a part of every source or almost every.”

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’re onboarded, the source of hire tends to get reported as a rehire. keep reading…

Retaliation Is Again Most Common EEOC Charge

by
John Zappe
Jan 30, 2012, 3:31 pm ET

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 administrative program and litigation.

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’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.

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’ve hovered around 36 percent for years and last year represented 35.4 percent of the total charges. keep reading…

New Recruiting Product Called “Get Hired” Aims to Do a Bit of Everything

by
Todd Raphael
Jan 30, 2012, 9:45 am ET

A new site launching today is described by its CEO Suki Shah as “Job board ATS video audio social recruiting.”

It’s called “Get Hired,” it’s backed by private equity investors, and it’ll be free, at least for now.

The company, which has raised $1.75 million, has been building up a list of job-seekers and employers, and then contacting signers-up to send them a distinct URL to use in spreading the word via Twitter, LinkedIn, and so on. “The more friends you invite, the sooner you’ll get access,” Get Hired tells them.

To explain what this site does, it helps to provide a super-brief history. Suki Shah had started a company around the time you don’t want to start a company — about when Lehman Brothers collapsed. Called Statacor Biosciences, it specialized in nutritional therapy and dietetics.

Not only were the times challenging, but Shah realized while hiring people that HR practices were, too — “even more archaic” than physician practices, he says. He found the job boards’ prices to be “mind-blowing” and found himself inundated with many hundreds of applications when hiring for his new firm, which has grown to 25 employees in seven states.

So Shah had applicants record an audio, minute-long explanation about heart disease, to see how they’d sound to a patient, or to a sales prospect. Instead of hundreds of applicants he now had maybe 30 good ones for a job, and could go through them quickly. He added video, too.

This takes us into 2010. Shah felt that he was onto something. In 2011 it was time for his brother to run the other company and for Suki to focus on making money off of this video-audio-more-to-come business.

What is launching today is supposed to replace a job board and an applicant tracking system — particularly for a company that finds that about $400 for a job listing on a job board to be expensive. keep reading…

Take Our Quiz and See Who Else Is Thinking Seat at the Table

by
John Zappe
Jan 27, 2012, 5:59 am ET

Today’s end-of-the-week roundup begins with a quiz and ends with a quickie update on OneWire, a clever, and certainly — as an investment report says — intriguing take on candidate matching.

So let’s get on with it: Guess who says they want to grow their influence at the top corporate levels?

HR you say? Sorry, not the answer we were looking for. The answer comes from MarketingCharts, which says, ”An overwhelming majority (79%) of global CMOs say they want their influence in business strategy and development to grow.”

Here’s another factoid from the article, which is based on a survey from Forrester Research and Heidrick & Struggles: 89 percent of CMOs identified visioning and strategic thinking as a top competency. There now, don’t you feel better? keep reading…

Monster Lays Off 400, Misses on Revenue, Earnings

by
John Zappe
Jan 26, 2012, 1:06 pm ET

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’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 Standard & Poors moved the company out of its S&P 500 stock basket in December, Monster’s price is now right at $7.19 a share.

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’s revenue for the quarter also fell short, coming in at $250 million instead of the $259 million average estimate of Wall Street analysts. keep reading…

Tech Workers Reward the Personal Touch

by
John Zappe
Jan 25, 2012, 5:25 pm ET

Tech workers get an average of 23 recruiter inquiries a week — yes, a week, says a survey from TEKsystems, a global IT staffing and services firm.

That’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’re not getting calls back. In fact, the survey shows that IT professionals are picky about whose call they will return.

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.

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. keep reading…