In the Wall Street Journal, (May 11, 2009 Page R5), Inc. and the Economist, reporters focused on the effect of higher unemployment on the number of candidates applying for jobs. NewHire has data to support this reporting. The total number of candidates applying per position increased 66% from in April 2009 compared to April 2008 (84 candidates vs. 55). A recent conversation with marketing staff at Careerbuilder.com revealed that currently CareerBuilder.com is seeing over 100 views per hour for newly posted administrative jobs! If only 25% of those views turn into applicants you could see 100 candidates apply in the first 4 hours a recruitment ad is posted.
Each article also considered different tools that small and mid-market business can use to help manage the flood. NewHire users are already a step ahead of the game.
The business cycle will turn…it always does. At some point, you will be staffing up again. And, when you do, you will have an overwhelming number of candidates for each job.
So there’s never been a better time to make a plan that will help you hire the best available talent. Perhaps you know of a company that could use our help? Remember to refer us by email or using this form.
Don’t wait until hiring becomes an emergency. Use the slowdown to beat your competition to the best talent:
- Build better job descriptions – things have changed in the downturn, have your jobs requirements changed too?
- Articulate your Employee Value Proposition – businesses that survive and thrive are better positioned to hire better employees
- Throw a wider net – we have developed inexpensive, long-term solutions for continuously attracting talent, using Google, LinkedIn, Facebook
- Take your time – if you start recruiting now, you don’t have to hire now, you can offer delayed start dates or continuing “conversations”