In addition, the survey by 6FigureJobs.com, a career management Web site, also shows that while the majority of the sample will increase their hiring in this bracket:
- 31% expect to make about the same number of $100k+ hires in 2001, and
- only 23% expect to make fewer $100k+ hires in 2001.
Almost half of the 423 respondents expect their cost-per-hire for $100k+ placements to remain at last years levels, while 29% expect their cost-per-hire to decrease, and 23% expect their cost-per-hire to increase in 2001.
Tighter budgets and lower headcounts resulting from the economic downturn have led to an increase in e-recruiting practices due to lower costs and labor efficiency. The survey found that:
- more than 40% of respondents currently browse 3 to 5 job sites,
- 20% visit six or more.
Although 42% of the 423 respondents anticipate that their spending on job sites will remain at last year?s level, some 36% will increase their spending and only
22% will tighten their belts.
And while almost half of the sample expect to spend less than $10,000 on e-recruitment sites this year,
- a quarter of them plan to spend up to $25,000.
- some 13% expect to spend up to $50,000,
- a further 6% plan to spend as much as $100,000 and
- 5% expect exceed the $100,000 mark.
Best in Class
The best attributes of Internet Recruiting were found to be:
- ease of use, mentioned by 72% of the sample,
- followed by broad reach, cited by 68%
- some 64% like the speed of posting,
- While 63% liked its 24 hour access, and
- a little over half mentioned the Internet?s cost-efficiency.
On the other hand, when asked what features of e-recruiting they liked least:
- more than half cited the lack of quality candidates,
- some 47% disliked the high number of responses received,
- 46% of respondents complained about the costs,
- inability to screen responses was mentioned by almost a third,
- while almost one in three cited trackability of responses as a pet peeve.