With the economic recession negatively impacting the recruiting and staffing industry, could implementing recruiting software help your company?
Sendouts recently released the results of its 2009 Recruiter Economic Survey, which found that the economy is not helping the industry. Respondents were asked questions that compared their current numbers to what they were before the current economic recession.
Prior to the downturn, only 6 percent of respondents handled between one and three job orders at a time, but since the downturn began, that number has increased to 44 percent. The number of respondents handling larger volumes of job orders also has been affected, with 24 percent handling 10 or more job postings at the same time prior to the recession and only 5 percent currently falling into that category.
The survey further found that the average number of recruiting professionals who made only one placement each month increased from 24 percent prior to the recession to 53 percent after the recession began.
The survey also found that recruiters are implementing cost saving measures in several areas. Respondents reported the most effective marketing channels for job placement to be social media, search, networking, word-of-mouth and job boards.
“The survey was put together to pinpoint the trends we have been seeing in the recruiting world,” said Jonathan Herrick, vice president of sales and marketing at Sendouts, said. “We wanted to identify the pains facing recruiters and provide solutions to overcome the economic obstacles. I think an important takeaway is that, regardless of economic conditions, businesses should constantly evaluate their internal processes and make changes to stay efficient.”
The survey included 172 participants, 59 who identified themselves as third-party recruiters and 67 as third-party owners or managers. In addition, 70 percent said they mainly focus on direct hire and contingent recruiting.
For most recruiters (and certainly HR), an Applicant Tracking System sits front and center in their recruitment tech stack. The ATS is much more than a repository of resumes and jobs. It’s a vital tool for streamlining day-to-day operations and optimizing the management of jobs, applicants, and employers.
Read more
From a recruiting industry standpoint, it’s often assumed that increased labor mobility equates with increased job change velocity, which is a positive factor for recruiting activity. However, this trend may be starting to shift.
Read more
What started out as a good intention – using legacy hiring data to streamline the candidate screening process – had the unintended consequence of perpetuating hiring bias. In the case of one online retail giant, recruitment AI learned to exclude particular groups of people from certain roles.
Read moreFind out more about who we and what we do.
