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Thursday, August 18, 2011

The New Recruiting Environment

With the rapid advances in technology, the shifts in the social fabric and how people communicate, and the downturn in the economy, the recruiting industry has been through some big changes in the past couple of years.

One might think that with so many people looking for work these days, finding good people would be easy. Actually, the exact opposite is true for couple of reasons.

First, the haystack is a lot bigger and everyone is still looking for the needle in it. Every advertised position gets hundreds, if not thousands, of applicants, and it takes as much time to review a bad resume as it does to look at a good one. Many candidates today are either exaggerating their education, experience, or hiding something in their background, so the due diligence in vetting them takes longer.

Another reason for the difficulty in finding good people is that most companies are seeking people who are working, happy, and not looking for jobs. Those people do not advertise their availability, which makes finding them a more challenging exercise. Even those who are not happy where they are and might be willing to listen to an opportunity are reluctant to let it be known they are available for fear of their current employer learning that they are looking.

So how can a company that uses third party recruiters get the best "bang for the buck?"

That will be part of the next post. Check back soon.