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Recruiting Metrics, Recruiting Technology, and More RPO News

By Allison Reilly Thu, May 22,2014 @ AM

Recruiting metrics and recruiting technology are two crucial topics in hiring and recruitment. They are two things that every organization ought to have, but if they aren't used correctly, then the organization is not getting the full benefit of the metrics' insight or of the technology's capabilities. This week's hiring and recruiting news roundup focuses on these two topics, topics that we haven't covered much in news roundups and that are long overdue for discussion.

Topics: HR industry, hiring and recruiting news, HR industry trends, recruiting metrics, technology and recruiting

 

The Latest Statistics on Hiring and Recruiting (Part 1 of 3)

By Allison Reilly Tue, Apr 29,2014 @ AM

We're almost halfway through the year, and nearly three-fourths of organizations said at the beginning of the year that they were planning to hire this year. Many of those organizations may have already made their hires. Others may still be looking to fill positions, or may not have started hiring those that they planned to hire in 2014. Companies who aren't yet finished hiring for the year need to pay attention, as any recruiting challenges you may be facing might only get tougher to overcome. The following three eye-opening statistics reflect today's hiring and recruiting landscape, and suggest acquiring the best talent isn't going to get any easier.

Statistic #1: The U.S.'s Employment Participation Rate is at 63.2%

The employment participant is defined as anyone between the ages of 16 and 64 who is employed or is currently seeking a job. Typically, the employment participation rate (which is also known as the labor force participation rate) hovers between 67 and 68 percent. With the participation rate, as of March 2014, at 63.2% it means that more than 90 million Americans are no longer employed or looking for work, instead of the normal 70 million. In the last 13 years, an additional 20 million people have taken themselves out of the workforce, for whatever reason.

"It also says we have a lower population to recruit from," said Ray Rike, chief operations officer with Accolo. "So, in those functions where there's a war for talent... it's going to force us to be even more intelligent and smart about the way we're going out and recruiting great employees today."

Topics: recruiting, accolo, HR industry, finding good candidates, talent acquisition, hiring

 

The Potential Value of Predictive Analytics in Human Resources

The last few years have seen a continuing growth in the use of predictive analytics – using computer models to analyse data and predict patterns and trends. Widely used in finance, insurance and marketing, it is less popular in HR, where much emphasis is still placed on human intuition.

Topics: HR industry, HR research, recruiting trends, candidate sources

 

HR Industry Changes & Analysis from 2008 to 2013

By Allison Reilly Tue, Dec 03,2013 @ AM

Software reviewer Software Advice reviewed the data of HR-related companies to assess how the industry has changed from 2008 to 2013. This data included revenue, number of employees, and location taken from the Inc. 5000 list from 2008 and Inc. 5000 list from 2013, where the data was aggregated and compared. It also needs to be noted that the data collected by Inc. is from the previous year, so the information is really from 2007 and 2012, respectively. Below are the highlights from their analysis. Software Advice does have a copy of the full report, while you can view the charts and stats in the Slideshare presentation at the end of this blog post. The overall findings show that the HR industry grew, increasing revenue and its number of employees.

Topics: rpo industry news, HR industry, HR research, RPO research

 

HR Industry Trends: RPO News Roundup

By Allison Reilly Thu, Feb 21,2013 @ AM

Lots of great RPO news this week, especially about HR industry trends and RPO industry trends. From what we’ve gathered, it’s going to be a great year for RPO, but not so much for recruiters and hiring in general. What do you think? Here is this week’s RPO news roundup, covering the latest HR industry trends and other topics relevant to those interested in RPO:

Topics: rpo industry news, HR industry, hiring and recruiting news

 
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