Wednesday, December 17, 2008

Using Your Budget Wisely For Recruiting In A Bad Economy

By Cade Krueger

There are millions of dollars that are dropped on sourcing that doesn't pan out because those candidates are improperly dealt with. If you are smart with your money you can create a fortune with your candidates by investing correctly and finding the right people that will make a huge long term impact with your company.

The holes in the funding starts by having sad interviews, skill-less recruiters, tedious application process and boring job board ads. This is the result of not using fundamentals with recruiting and can cause millions of dollars being wasted.

One of the least effective ways to spend money is to put it into job boards where ideal candidates are not searching. If they do go there it is a last ditch effort and you will find very few people that are ideal on those general sites.

It isn't often the person with the best resume is the ideal candidate, because to be honest most of the successful people are not used to updating a resume. They are too sought after that their resume quality is not that important. A lot of the active candidates that can't find jobs usually don't have the skills to warrant being interviewed.

Traffic on job boards have gradually decreased over the past few years because people are realizing it isn't an ideal place for traffic. 3 years ago Career Builder and Monster had 1% of the traffic and now it is down to less than .2%.

A lot of recruiters and corporations have found a lot more success with niche sites and social networks to find job candidates. Putting a face to the company and helping someone feel comfortable gives you a step ahead of your competition.

Job candidates begin not by leaving their job, but by being curious about what is out there. If you can reach them soon and build their trust then can make all the difference. It can be evident even in employee referral programs.

A very wise tool to use is the TalentSeekr by EnticeLabs to get a good connection to candidates in their nice sites. In a bad economy it is a smart decision being that it is a tenth of the cost of job boards with 5 times the reach of the same job boards. - 15478

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