Benefits June 21, 2001

E-Recruiting Draws More Six Figure Hires

June 21, 2001 (PLANSPONSOR .com) - Despite recent economic woes, nearly half (46%) of recruiters still expect to make more $100k+ hires this year than last year, and much of it will be done online.
Reported by

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.

e-Recruiting

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.

Worst Case

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.

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