E-Recruiting

Revolutionizing the Hiring Process

Jim Hammock, CEO, Hire.com
IEEE-USA 20000 Careers Conference

Current State of Recruiting

Drowning in Resumes Starving for Real Candidates

Top 10 Reasons Why There is a Recruiting Revolution

Companies are engaged in a talent war.

10

The Experts Speak

Company E.piphany Vignette CNET, Inc. Vitessa Ingram Micro Executive Roger Siboni, CEO Greg Peters, CEO Halsey Minor, CEO David Mullan, CEO Jerre Stead, CEO Biggest Competitive Differentiator People People People People People

The biggest accomplishments Ive had is to find great people. An army of them. They are all better than most CEOs. They are big hitters, and they seem to thrive here.
- John F. Welch, Jr., Chairman & CEO of General Electric, June 8, 1998

The Internet will be the weapon of choice.

Internet as a Recruiting Tool

83 Million adults (40% of the US population) use the Internet
According to IntelliQuest survey

21% of those looking to change jobs in the next year are using the Internet to look for work
According to JWT survey of career plans

More than three-quarters (77%) of overall HR professionals are using the Internet for recruiting methods According to ERC Dataplus survey

 Grew Internet recruiting from 12% of hires to 35% of hires in 1999forecast 55% in 2000 Successfully used their website to source management/professional and occupational jobs Made offers to more than 50% of their IQA candidates

Companies with the best private talent pool will win the war.

 Leader in electronic and online games Has a stated goal to have every gamer in the world registered in their own private talent pool In 18 months they have captured 25,000 candidates
18,000 of 60,000 gamers

In todays environment the best candidates are not looking, and they have no resume.

People Not Paper

These are candidates that have resumes

Active Passive

Customers, competitors, investors and other website visitors that are already coming to your website but wont leave a resume

 Live for only 4 months and already have hired more than 100 management / professional employees from their site Consistent feedback from hiring managers has been improved candidate quality More than 60% of their talent pool of 30,000+is anonymous opting to not leave a resume Time to fill has reduced from 47 days to 21 days

The Internet is the ideal vehicle to get connected to your communities, e.g. the IEEE community.

Your Most Important Internet Career Site

IEEE - Powered by Hire.com

CANDIDATES Profile

COMPANIES Post jobs

BENEFITS 1. Confidentiality 2. Control 3. Great jobs find you

BENEFITS

Capture

Match
Qualify

1. Access to high quality Talent Pool

2. Automatic matching and notification 3. Pre-screening

Deliver IQA

 One of the largest users of Monster.com and other job boards Continue to use job boards using Hire.com to filter candidates before distribution Linking candidates directly to their own corporate website Have found an increasing number of candidates especially passivedirectly on their own website

The ideal vehicle for connecting candidates and opportunities is a simple but powerful profiling system.

 Centralized recruiting for their entire operation Supporting 30,000 hires per year with 30 person staffing organization Moved to Hire.com to cast a wider net and improve recruiter productivity with automated matching, qualification and delivery

Marketing and recruitment branding is the underlying fundamental for relationship recruiting.

 Leveraged very effective corporate branding campaign to include people Make their website the primary vehicle for capturing candidate information Hire more than 20% of their new hires from their website

Continuous sourcing of IQAs is the only solution to todays resu-mess.

 Large nationally distributed workforce Have built a candidate pool of > 100,000 interested candidates in 15 months Maintain ongoing relationship with candidates by sending information about company and upcoming opportunities Rely on Hire.com capabilities of matching and notification of open positions to deliver IQAs to recruiters and hiring managers

Speed hiring of top talent is the goal of winning recruiting solutions.

Broadband Cable and telecommunications equipment manufacturer Hire very specialized engineers and technicians Now source more than 50% of their new hires from their website Reduced time to hire from 65 days to less than 30 days

Winning the talent war includes closing the back door. If you are not recruiting your own people, you are the only company not doing so.

 High growth software company in SV Have created a very open and effective corporate culture Instituted a very aggressive internal transfer process based around Hire.com All jobs are available to internal candidates for 2 weeks prior to external posting