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« Back to Mar/Apr 2004 Explorer
What's Hot & What's Not
Recent reports and happenings that could effect your world. Through our extensive research channels, Rocket-Hire keeps an ear to the ground to learn what's changing.
A shift in thinking
Reported in March Workforce Management magazine: A growing number of large companies like Whirlpool, BMW, Fidelity, HP, Hyatt and Kellogg have started using web-based hiring systems to focus on managing internal job postings and candidates as well as external - something not yet widely adopted. The success rates for reduced turnover, lower costs and employee satisfaction are compelling. (Full article at: http://www.workforce.com/section/06/feature/23/64/72/index.html)
More consolidation
Emoonlighter Announces Name Change to Guru.com
3/09/04 Pittsburgh, PA - Emoonlighter, the world's largest online marketplace for freelance talent, announced that it has changed its name to Guru.com. The new name completes the merger of Emoonlighter assets with those assets acquired from Silicon Valley-based Guru.com in July 2003 (Full story at: http://www.onrec.com/content2/news.asp?ID=3731)
And partnerships
Peoplesoft Partnership
3/8/04 Resourcing Software is pleased to announce that it has joined the Peoplesoft, Inc. Software Partnership Program. Associated with the announcement, Resourcing Software is building an interface between its product web-cruit and Peoplesoft's e-Recruit.
Resourcing Software is a vendor of Internet based recruitment software that is complementary to the PeopleSoft e-Recruit offering and provides additional functionality required by most organizations that are looking to implement an Internet based recruitment strategy. (Full release at: http://www.resourcingsoftware.com/newsevents/newsevents.html)eRecruiting stats
- By 2005, expenditure on Internet-based recruiting will be $7 billion (Forrester Research)
- 96% of all companies will use the Internet for their recruitment needs (Forrester Research)
- In the U.S., companies claim up to 30% of new hires come from the Internet, while 77% of Internet users looking for work use the Net as their primary means to do so.
- A recent survey conducted by Employment Management Association, U.S.A, showed the cost-per-hire of print ads was estimated at $3295 versus online ads, at a mere $377.
- Over 16 million resumes are floating online