Expand Your Talent Pool with Passive Candidate Development
Sourcing is typically done by casting a wide net out to one or more job boards. This approach works fine for candidates that are actively searching for a new position, but what if you want to tap into those that are currently employed and not looking? Perhaps you’re even interested in finding top notch candidates who work in similar positions in competitive companies. Passive candidates, as opposed to active candidates, cannot be found in a search of resume and job board postings. To find these candidates, Passive Candidate Development should be used.
With Passive Candidate Development, the recruiter directly sources talent from those currently employed and not actively in the job search process. Passive Candidate Development, also known as direct sourcing, focuses on finding qualified candidates currently in management positions from a list of targeted competitors. Once a list of names has been generated, candidates are identified and cold calls are made to each target candidate presenting the job opportunity. When the process is complete, qualified, available, and interested candidates are found to enrich a company’s talent pool. Sourcing specifically those passive candidates using this service will takes more time as candidates must be convinced to leave their current position. Using an RPO for Passive Candidate Development can take the time consuming and stressful pressure of the recruitment process off of the internal recruiters and Hiring Managers. This service has the unique ability to provide an organization with a higher caliber of skilled and qualified candidates than the company would normally come across with other forms of sourcing. With a focus on finding candidates currently employed in similar positions, this approach can find a diverse list of candidates within a similar industry and geographic area.
At Hire Velocity, we have had extensive experience using Passive Candidate Development for leading companies. Over just an eight-week period we were able to target 6,000 names, leading to 9 hires for a leading global management consulting firm. This significantly reduced their cost per hire, saving them about $8,000. Many benefits come with choosing to use Passive Candidate Development. Costs for high priced executive search fees can be reduced and new pipelines can be built with these types of candidates. This service results in a higher quality of hire and because of their specialization in the field, these candidates require minimal training.
Simplify Your Hiring Using Full Life Cycle Recruiters
When it comes to the hiring process, there are a number of situations that can unnecessarily complicate the process. If you’re burdened with more recruiting work than you can efficiently handle, outsourcing the tasks to a Full Life Cycle Recruiter may be the solution for you. Why burden yourself with managing the entire process and all of the tools when a Full Life Cycle Recruiter can do that much more efficiently for you. With Full Life Cycle Recruiting you are allowing specialists, who are backed with advanced technology and tools, to assist your business in reaching its ultimate potential. To adequately access the most qualified candidates, it takes money, time and often results in stress. Many of the recruiting tasks are very routine in nature while some are much more strategic and complex. With Full Life Cycle Recruiting, not only are posting and agency fees reduced but you can also reduce your cost per hire. Without the stress and time spent on trying to find the right candidate, your Hiring Manager will be able to focus their efforts on their core job and on projects more strategic to your company.
The service will handle the entire hiring process for you from job description creation to sourcing, phone screening, interview scheduling, offer management, employment screening and even onboarding. Your entire hiring productivity will be increased, while also reducing costs and time wasted. Hire Velocity offers the Full Life Cycle Recruiting service that will give your business confidence in obtaining the most qualified candidates to join your team. Let us assist you with your repetitive recruiting tasks while you focus on the bigger company issues. At Hire Velocity we were able to within a five month period assist a major department store in hiring 400 department, store, and division managers.
The Full Life Cycle Recruiting service can be managed virtually or on-site. With either, the main focus will be what is best for your business. The end goal is to improve your productivity while saving you time and money in the delivery of quality hires.
New Jobs Found in Emerging Fields
According to the Bureau of Labor Statistics (BLS) in the upcoming years the latest growing job sectors will be coming from the IT, healthcare and financial services industries. Jobs in manufacturing and farming, according to a recent BLS report, have been making a rapid decline, while new jobs are emerging to fit around the consistently changing market.
New lines of work are being created to fit consumers’ lifestyles. By the year 2018, economists anticipate that over 1 million jobs will be added into the workforce. We are already seeing changes in hiring as technology advances. The title of a social media specialist, something that was previously non-existent, now plays a major role in running a successful business. Massage therapist and other jobs in areas that help to fulfill a healthier lifestyle rank among the top job fields with a wide variety of job opportunities in the medical field.
This shows positive signs for the recent graduates who will have an advantage with the latest knowledge in these emerging areas as they start their career. It’s also good news for anyone else looking to make a career change. Most of these new jobs will require only unique training for the position, as opposed to having to go back to school to work towards a particular degree.
“Looking for a growing job sector?try social media, accounting, or massage”. Associated Pres (2011) Web. June 2011 <http://www.boston.com/business/personalfinance/articles/2011/06/08/looking_for_
a_growing_job_sector_try_social_media_accounting_or_massage/>
May’s job report shows rise in unemployment
Filed under: Job Searching, Recruiting Update, Unemployment
The Labor Department’s release of the US job report this morning shocked many with its final numbers for May’s unemployment rate. Over the past month employers were hiring but at a slow rate. There were only 54,000 jobs this May in comparison to the 232,000 in April. Economists had predicted much higher numbers in jobs and were disappointed to see the unemployment rate rise from last month’s 9.0 percent to May’s 9.1 percent.
There has been much discussion as to why the report shows such low numbers. It’s believed that recent natural disasters have played a role, referencing the Japanese earthquake which effected jobs in the manufacturing industry as well as other major disasters here in the US. The numbers are also said to reflect a slowing economy and that budget cut backs as well as May’s high gas prices were a major cause of the decrease in jobs.
May’s report comes after three strong months of increasing employment and may possibly be something not to worry about. The economy and labor markets are still continuing to grow; they are just doing so at a much slower rate than had been predicted. Numbers in the report are also showing some positive signs as the numbers continue to show growth in payroll.
Isidore, C. (2011). May jobs report: hiring slows, unemployment rises. cnn money, Retrieved from http://money.cnn.com/2011/06/03/news/economy/may_jobs_report_unemployment/index.htm?hpt=hp_c1