Great Jobs, but No candidates?? … In this Economy?

November 13, 2009 by mezanine10

After I read this article I found it to be a great read, but bothersome. I come across this over and over again , where companies waste money on job postings. Unfortunately, it happens all the time. The worst part is, it keeps happening. HR departments need to do what my boss tells me all the time, “Step out of your comfort zone”.

A positive aspect of this recession is that companies are finally scrutinizing their spending. “Do we really need these TPS reports?” “Is getting a .013 interview rate from a job posting the best way to utilize our recruiting budget?”

As the article states:

“Mary Willoughby, the director of human resources at the Center for Disability Rights in Rochester, New York” says “The job postings, which appear on CareerBuilder, Craigslist and some regional sites, garner a lot of attention, she says. “We get tons of résumés from people. We are just not getting highly qualified candidates.”

When I was in recruiting, we called this tactic ‘spray and pray’ by candidates. Job seekers see a job that pays more than they currently make, and they think “I’ll apply. What else do I have to lose right?” Well they may not lose anything but the company certainly does. Because of ‘spray and pray’, Willoughby laments a re-occurring pain:

“….. human resources spends too much time sifting through résumés for people who aren’t remotely qualified, and can’t find many that are. “We’ve gotten close to 300 résumés for a service coordinator position. Out of that we brought in four people,” .

How can this be fixed? What’s the BEST solution? Well Willoughby found it and she didn’t have to reinvent the wheel. The article states:

“ Willoughby recently instituted a hiring incentive program to encourage existing employees to refer viable candidates. Those responsible for bringing in new hires are eligible to receive $2,500 to $5,000, depending on the position. She has also added in a signing bonus for the new employees. “

Employee Referral Programs is where companies need to reinvest resources. Since employees will know people in their personal lives who would be a good fit for their company, HR departments need to incentivize their employees to make more referrals which would save money and time on utilizing expensive job boards and 3rd party agencies.

What a novel idea……
Click here to read the entire article http://tinyurl.com/yzf6bbm

2009 Black MBA Conference in New Orleans

September 23, 2009 by Rich Williams

Cachinko in the Community

September 24 and 25, Cachinko will be spreading the social recruitment gospel at the National Black MBA conference in New Orleans. Cachinko’s involvement in the conference began with a symposium on September 10th co-sponsored by The Houston Chapter of the NBMBAA and hosted on the campus of Rice University. As part of our Community Outreach Program, we trained both members of the NBMBAA and non-members alike in a number of areas relative to career development including Proper Career Networking Protocol, Advanced Career Search Techniques, Interviewing Strategies, and Resume Writing.

If you or a colleague you know are facing challenges such as

• Diversity Recruitment,
• Reducing or Eliminating the use of Job Boards or Agencies,
• Referral Tracking and Payment Processing,
• Quality Candidate Lead Generation, or
• Optimizing your Employee or External Candidate Referral Program,

please contact me at the number below or send me an email.

Call or Email me. Let’s meet up at the conference!
Rich

Rich Williams

Rich Williams
TruReferral
SM Executive

rwilliams@cachinko.com
Let’s Talk: 713.568.5020

Feel free to drop me a line or shoot me an email, I’d be happy to share other articles with you or answer any of your questions.

Poll: Recommend Location for Cachinko Nurse Job Fair Houston

June 11, 2009 by Felipe

Scheduled for Sept 2009

HUSTLE vs. BUSTLE

April 27, 2009 by Rich Williams

Recruiting Mavens an e-newsletter

If you want to jump-start your hiring process, teach your in-house “corporate” recruiter to think like a headhunter.  The ones that survive the dog-eat-dog world of agency recruiting do so for 1 reason -they are dynamite hustlers (and I mean that in a good way)…

Once upon a time, I was in a protracted career search.  Like many frustrated candidates, I wondered why so few companies to which I applied bothered to call me or even email me to let me know I wasn’t a fit for their job (even though I was-of course!).  It seemed the only recruiters that DID bother to call me were ones who worked for third-party staffing or consulting firms.  It gets better.  A recruiter called me from New York one day to tell me about a contract opportunity with a Fortune 500 company HEADQUARTERED IN MY HOME TOWN OF HOUSTON!  As it turned out, I had applied for a Sr. Recruiting position with that same company; but apparently,  the in-house recruiters there didn’t see a match between my background and the position they were trying to fill (this presupposes that they even had the chance to look at my resume).  To add insult to injury, I had not one but TWO contacts in HR who were unable to get me an interview…Enter the staffing firm. From 2000 miles away, they were able to see the match, submit my resume directly to the hiring manager, and secure both a phone and face-to-face interview.  Thankfully, I landed the contract and completed the assignment ahead of schedule.

I left out one key detail: I was actually contracted to a company that the Houston-based firm to which I applied had recently acquired.  This subsidiary company in turn had their own staff of in-house recruiters who had access to the parent company’s database.  That means I slipped through the cracks not once, BUT TWICE!

TruReferral Partner Beta Program

How did this happen?  Here are a couple of explanations based on my experience recruiting on both the corporate side and the agency side, along with suggestions for addressing these issues to maximize corporate recruiter productivity.

 

1.    AGENCY RECRUITERS HAVE TO FILL JOBS.  CORPORATE RECRUITERS HAVE TO WORK THE PROCESS

Corporate recruiters are more in demand the more JOBS they HAVE to fill (BUSTLE).  Agency recruiters flourish the more jobs they DO fill (HUSTLE).  Agency recruiters HUSTLE, Corporate recruiters BUSTLE.  In a recession, the problem is compounded.  Agency recruiters either work harder, switch to sectors of the economy that are still flourishing, or die.  They are more motivated to fill positions because their compensation is directly tied to productivity.  Only the best agency recruiters can survive a recession whereas corporate recruiters may have the option of moving into more generalist roles (compensation analysis, benefits administration, training, and organizational development) or, gulp, become agency recruiters…

SOLUTION-In a good economy, give your corporate recruiters additional incentives to fill positions and bonuses for exceeding expectations for time to fill.  In a bad economy, don’t lay off recruiters because there are fewer jobs to fill.  That’s like a manufacturer selling off the equipment on an assembly line because there is a cyclical downturn in sales.  Instead, allow them to utilize this time to bolster their networks of industry professionals — the recovery will come around faster than you think; and if you get caught with your pants down, agencies will be there with stiff fees.

 

2.      AGENCY RECRUITERS RECRUIT REFERENCES

One of the first things a recruiter at a staffing agency learns is that a candidate’s references are often as good as or better than the applicants they are interviewing.  If the candidate has recently been downsized or RIF’d, they will typically use people who still work at their former employer as references. Ostensibly, these individuals are MORE valuable to their organization since they survived the layoff, and are thus hotter commodities.  More importantly, people typically use their superiors as references.  It stands to reason that if the person interviewing is a lightweight, their boss can probably do the job.  Knowing this, agency recruiters routinely check references BEFORE they submit applicants to hiring managers.

SOLUTION-Educate your corporate recruiters so that they tactfully connect with key employees online in order to tap into their social networks.  Also urge them to ask new hires for 3 referrals during the on-boarding process.  In addition, if they are responsible for reference checks, instruct them to ask the references where they are in their career searches

Webinar April 29

 

3.   CORPORATE RECRUITERS ONLY SIFT THROUGH ENOUGH RESUMES TO GET A HIRE…

A typical job post generates 100 or more responses. If the recruiter is working 20 positions, that’s 2000 resumes. If they only spend 3 minutes reviewing and qualifying the candidate, they can review 160 resumes a day.  That’s 13 days screening resumes if they do nothing else.  Factor in time to call and screen the candidates they like, schedule interviews, post jobs, create questionnaires etc. and it’s no wonder they DON’T screen through all the resumes.  Even if they had the time and inclination to reduce their time to fill (and remember there is no financial incentive to do so) it is physically impossible for them to screen all those candidates.  So they cut corners, not necessarily because they want to, but because they have to.

On the agency side, recruiters have an incentive to call candidates even if they aren’t qualified because there may be another job that another recruiter in their agency has (assuming they are working a full desk) that they could use to get credit for a fill.  In addition, the stigma attached to asking that candidate for a referral is gone because the agency recruiter can still show that there is a quid pro quo relationship.  Imagine a corporate recruiter calling or emailing a candidate and saying “you’re not qualified for this job, and I have no other jobs you are a fit for, but could you refer someone you’ve worked with who is?” That would be insulting!

SOLUTION-Expand your Employee Referral Program to encompass candidates in your ATS. Make it a Referral Recruitment Program.  This will turn all of the candidates in your ATS into recruiters.  In addition, ensure your recruiters create and cultivate a network of industry professionals using Web 2.0 technologies.  This can streamline the process of vetting passive candidates for hard to fill opportunities.

 

4.     A CORPORATE RECRUITER’S PRIMARY PRODUCT IS THE COMPANY.  THE AGENCY RECRUITER’S PRIMARY PRODUCT IS THE CANDIDATE.

A corporate recruiter can only be as successful as the company he or she works for.  Assuming they do find the right candidates to fill their jobs, they spend most of their time selling the candidate on working for the company and little time marketing the candidates to their hiring managers.  Conversely, agency recruiters spend a great deal of time promoting their candidates to companies in order to get placements.  The good ones go AROUND the corporate recruiters and deal directly with the hiring managers.

SOLUTION-Corporate recruiters need to leverage their strong knowledge of the business/industry to make managers feel confident that they are sourcing the best possible candidates.  Also, they need to take advantage of the myriad resources at their disposal that agency recruiters lack; Trade shows, trade association meetings and websites, alumni association meetings and sites, and industry associations.  Agencies run so lean that they have a difficult time putting computers on the desks of their recruiters, let alone spending money to send them to trade shows and industry association meetings.

 

5.     CORPORATE RECRUITERS SCREEN PEOPLE OUT.  AGENCY RECRUITERS SCREEN PEOPLE IN.

This is why agency recruiters go AROUND corporate recruiters whenever possible.  They know if they can get the ear of the manager, he is just as or more likely to interview their candidate as he is to screen one submitted by HR.  Furthermore, agency recruiters know that while the new hire’s salary may come out of the manager’s budget, the placement fee comes out of HR’s recruiting budget.  The manager has little to no incentive to NOT work with agencies.  His chief goal is getting that position filled so he can quit interviewing and do his job.

Bottom line is, for all the negative press they receive, agencies actually do a pretty good job of servicing their clients on both ends given their resources. The main case against agencies is that given the way they are sourcing candidates (most of their candidates come through job boards-the agencies we’ve talked with only get 5-15% of their candidates through referrals, which, even at the high end, is less than half of what companies are doing on average) they are pricey.  It behooves progressive companies to take a look at how agency recruiters operate and mirror their tactics in order to maximize the output of their in-house recruiters.   Moreover, when hiring a recruiter for a corporate position, you may want to look for agency experience to ensure your new hire is a hustler.

Rich Williams

Rich Williams
TruReferral
SM Executive

rwilliams@cachinko.com
Let’s Talk: 713.568.5020

Feel free to drop me a line or shoot me an email, I’d be happy to share other articles with you or answer any of your questions.

Unhappy Campers and Opportunistic Hiring in Recession, with Web 2.0

April 27, 2009 by Eric Beauford

Recruiting Mavens an e-newsletter

I recently had the opportunity to sit in on a training event for third party recruiters presented by a very well known industry expert.  Having over 10 years of past experience as a staffing recruiter myself, it brought back some memories, some good, and some that reminded me why I am now a “recovering recruiter”.  What it really did was further convince me what an impact Web 2.0 technologies will continue to have on the recruitment industry, both for Corporations and Third Party firms.

The training was focused on helping recruiters get through these recessionary times by effectively positioning themselves with their clients and prospects as being “better connected” and able to fill your open positions faster than your internal staff in this down economic time.  He provided a number of examples of voicemail marketing messages they could use to not only accomplish this, but to also establish that they are “connected in your industry”.  These messages heard in a vacuum sound great and effective but unfortunately from my experience, I know there are a number of voicemail and email boxes out there that contain a number of these messages from a number of different recruiters, leaving you to determine who is the most “connected”, usually by trial and error.

TruReferral Partner Beta Program

One message example in particular was the one that brought home the affect I believe Web 2.0 technologies will have on the future (if not current) relationship between corporations and third party recruiters.  The message centered around providing some industry or competitor information to their prospect, highlighting a current challenge, and then indicating that this has caused a lot of unhappy campers and an ability for some opportunistic hiring and they are the best vehicle because once again, they are better connected and can fill your positions faster than you or your staff. 

So I put my “corporate hat” on, and my immediate thought and reaction to this was, that in a Web 2.0 world, if corporations become savvy enough, this type of approach will change. 

The most prominent Web 2.0 technology is of course Social Networks and if used correctly, they can have a profound effect on a corporation’s recruitment process, especially as it relates to their employee referral program.  Employee referrals have forever been sought because corporations for several reasons, here are a few:

·        Corporations know that their employees are “in the industry”

·        They are “connected” to other people (possibly even at competitors)

·        They “know the internal culture”

·        They know the types of people that would be a great fit 

 The challenge has always been how to gain access to their personal networks and to make the process of referring easy.  Web 2.0 has the capacity to change that forever.

 As a corporate recruiter, you can now become “connected” to your employee base in a way and on a scale never seen before, through social networks.  With the proper motivation (usually cash) your employees will become associate recruiters, and can provide permission based access, and sometimes automated access, to their personal networks for the purpose of referral recruitment.  

Furthermore, think of all the contact and conversations recruiters have with candidates outside of their company, who have submitted their resumes through the career site and/or the multitude of traditional job boards out there.    This is a huge opportunity to get connected in an effort to begin and cultivate another referral avenue.  I read one statistic that within the “Top 100 Companies to Work For”, each company averages over 90,000 submittals a year.  They aren’t going to be able to hire them all but think of the potential to be able to connect to a % of this crowd on a social network in order to be able to have permission based access to their networks for the purposes of referral recruitment!  Getting the picture now?

Webinar April 29

So, the next time you listen to a voicemail from someone informing you of all the “Unhappy Campers” out there, and that they are uniquely positioned to bring them to you as an opportunistic hire because they are connected, would you like to be able to ask yourself:

“Are they better connected than I am to all my employees and the people in my applicant tracking system, and do they have permission based access to all their networks for the purposes of referral recruitment?”

Or, would you rather still ask yourself, if you believe the claim and whether it would be worth investing the time to find out.  More importantly, ask yourself:

“Would I rather pay a hefty fee or would I like to pay a reward for a referral from our social networks of employees?” 

Web 2.0 and Social Networks can make this decision a viable “no-brainer”, IMHO .

 

Eric Beauford

Eric Beauford
TruReferral
SM Executive

ebeauford@cachinko.com
Let’s Talk: 713.568.9572

Feel free to drop me a line or shoot me an email, I’d be happy to share other articles with you or answer any of your questions.

TruReferral Partner Beta Program Launch

April 22, 2009 by Felipe Villasenor
Let us fund your ERP for the next 90 days...
ERP Cachinko, a market leader in social referral recruitment, has
launched a revolutionary new social networking platform:

www.cachinko.com
Cachinko.com helps companies increase the
number of referrals they receive and hires they make through their Employee Referral Program (ERP). Unlike other social networking sites, Cachinko was built specifically for recruiting through our patent pending Talent Network technologies and TruReferral Rewards Program. Through Cachinko.com, your company can create its own private talent networks and gain “permission based access” into its employees’ personal networks—the best way to obtain high-quality referrals. Plus, our TruReferral Rewards Program motivates higher ERP participation with Introduction Rewards (paid instantly via PayPal) — and no other site does that!
We are very confident in Cachinko and its ability to deliver results with an impressive return on investment (ROI). But, since we’re the new kid on the block, we want to make it easy for you to give us a test-drive.
Case in point… Q: Why were recruiters willing to try LinkedIn early on, even though it was meant as a sales and lead generation tool? A: Because it was free.
Icon So, we created our TruReferral Partner Beta Program just for you…
We are looking for 8 to 10 companies (depending on size) to experience what Cachinko has to offer for FREE!
TruReferral Partner Beta Program Benefits:
Cachinko will fund your ERP TruReferral Rewards Program for 90 days. That’s right, we pay your Introduction Rewards! (Beta Accounts may be funded up to $10K, depending on the projected number & types of positions)
Full use of the Cachinko site (Unlimited Talent Networks and Contacts)
No Subscription Fee until 2010
No 15% fee for TruReferral Reward postings (for first 90 days.)
No Credit Card Required
Our goal is to increase our TruReferral Partners’ hires through their Employee Referral Program by 10 to 20% (if not more). Your return on investment could be huge! If your HR group can provide us with a few stats, we will even run the numbers and provide you with a preliminary ROI Report.
I'm Interested Clicking this button will redirect you to a brief survey to help us get to know your company better. You’ll also be able to request a Cachinko ROI Report.

“Connections” VS “Relationships”…which would you trust more?

March 20, 2009 by Eric Beauford

Recruiting Mavens an e-newsletterWith the ever increasing use of Social Networks as a sourcing and recruitment tool, I am finding more and more comments about the evolving meaning of the word “friends” and the real value of “connections.”  This led me to the question, which resource would people trust more in learning about a possible job and/or business opportunity, a person they are “somehow connected to” or someone they have actually met and have   some “form of a relationship” with?   

I know what has worked for me in the past, so I didn’t have to think it over too long; but just in case you’re mulling that one over, I wanted to provide you with a couple articles and a recent real world scenario that should help bring the point home.  I read an interesting article recently on RecruitingBlogs.com by John Sumser titled, “Digging Into RecruitingBlogs.com” that I am sure a lot of you out there can relate to.  I know I did!  Also, if you like a little professional humor and a lot of truth, you will like a blog posting by Dan Schawbel on PersonalBrandingBlog.com on March 7th titled, “Personal Branding Interview: Nick Corcodilos”

Webinar: Recruit Passive Candidates: Budgets, Referrals, Social Networking

In addition to the articles, I wanted to provide you with a personal anecdote on the value of connections.  I decided for research purposes that I would post a job on a pretty well-known website that shall remain nameless (insert cough “Linkedin”).  I had one person apply from the State of Washington.  With me being in Houston, TX, how surprised do you think I was to see that there were FIVE HUNDRED PEOPLE that he and I were “connected” to within “OUR” network!  Then it got even better.  When I clicked on the network to see who these connections were, I saw immediately that a majority of the connections were ONLY 2 degrees from me.  YIPEE!  With the words of the song “It’s a Small World After All” swimming in my head, I said to myself, “Self, this could not get any better.”  Just then I happened to look over to the right side of the page and it showed a very high- tech diagram of how I was connected to these people.  Double YIPEE!  I actually knew the people in between us.  WOW, this site works, it really, really works.  This was too good to be true, but these must be true and real connections because the site would not have sent me their information, right? (BTW: ALL of their information, as well as the info for people they are connected to, whom they may or may not know…. but I digress and that’s another blog topic) ….this was surely going to be a slam dunk, right?…Not so much!

As I started contacting my contacts to get “introduced” to my 2nd degrees, a funny thing happened along the way.  They didn’t even remotely know how they were connected to these people, much less even know their name, i.e. there was no “relationship,” so there was no value.  But hey, that’s just me.

So, this got me to thinking…hmmmmm…what if someone created a website that truly harnessed the power of human relationships to help make it easier for people  to learn about possible new career opportunities through people they actually know, AND provide them an avenue to get paid for having built such solid and trusted relationships over the years.  After all, what is the one constant about building strong and trusted relationships?  It takes TIME.  And if time is money……hmmmmm?  I guess one can hope, or you can stay tuned…(to be continued). 

 

Eric Beauford

Eric Beauford
TruReferral
SM Executive

ebeauford@cachinko.com
Let’s Talk: 713.568.9572

Feel free to drop me a line or shoot me an email, I’d be happy to share other articles with you or answer any of your questions.

Web 2.0! Social Networks! Wikis and Blogs! Oh My!

March 20, 2009 by Eric Beauford

Recruiting Mavens an e-newsletter

Unless you have been secluded in a remote cave somewhere (more on that later), you have more than likely heard these terms thrown around more and more at various recruiting conferences, summits training sessions, etc., as well as the coming “ Web 2.0 Recruiting Revolution.”  You may ask yourself, “what is all of this, what do they mean to me as a recruiter, and why should I care?”  Well, in keeping with the revolution theme, the militias began forming in 2007, trained well in 2008, and now the revolution is on in 2009!  If you are not in the process of at least exploring how these tools can bring efficiencies and value to your recruitment process, you may find yourself on the losing side with the British in the Talent War! (Sorry, if you are reading this in the UK)

Simply stated, Web 2.0 is a platform that allows 2 or more people to communicate and collaborate about whatever interests them and create affinity relationships/associations in an “online world,” which happens to closely mimic how it has been done for years in an “off-line world.”  Due to this capability and Web 2.0’s inherent efficiencies, this platform is truly a “disruptive force” to the past and current recruitment process.

Webinar: Recruit Passive Candidates: Budgets, Referrals, Social Networking

Yes, yes, I know we have all heard over the years how the newest technology on the block was going to change the recruiting industry forever and that recruiters were going to go extinct, going all the way back to the fax machine, pagers, job boards, etc.  The “huge” difference today is that this 2.0 platform, and especially the Social Networks it has spawned, has allowed people to move their interactive relationships from the off-line world to the online world and “connect” on a scale never imagined before.    Whether it is with old high school buddies, former colleagues, or long lost family members, people have become more comfortable communicating and cultivating relationships online; and all indicators show this trend will continue to grow.  One other aspect of importance is control.  Through the Web 2.0 platform, people feel more in control because not only can they decide who they want to communicate with, but they can also decide where, when and how.

Now you are asking yourself, “What does this mean to recruiting, and why do I need this newsletter?”

Because any recruiter worth his weight was born with an extra “networking gene” in their DNA.  They were the first group to quickly recognize the vast potential of the Web 2.0 platform.  Over the last several years, recruiters have helped push the recruitment process to the forefront as an obvious business process that can be positively affected by the “PROPER” deployment and use of the 2.0/Social Networking concept.

This newsletter’s goal is to provide you with the best articles, commentary and training events from thought leaders and industry analysts across the recruiting spectrum in order to give you insight into everything Web 2.0 in the recruiting world.

So, you now have a choice.  You can choose to stay in the cave and try to cover up with the animal skins to stay warm, or you can come over with the rest of us and stand next to this cool new thing they call “fire”…your choice.

 

Eric Beauford

Eric Beauford
TruReferral
SM Executive

ebeauford@cachinko.com
Let’s Talk: 713.568.9572

Feel free to drop me a line or shoot me an email, I’d be happy to share other articles with you or answer any of your questions.

POLL: Recommend a Title for Webinar on April 8th

March 10, 2009 by Felipe

Hola Monterrey :)

October 24, 2008 by Felipe Villasenor

We have a new office in Mexico and we are excited! Initially this will mostly expand our development team. We are quite proud to have hired such a talented team for the Monterrey office, stop by and say “hola.”