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Learn why Logitech shifted from traditional job boards to LinkedIn Recruiter



Leela Srinivasan | January 6th, 2010 | 11:38 am

Logitech’s Worldwide Staffing Director, John Zwieg, explains the shift from traditional job boards to LinkedIn Recruiter

In the video below, Logitech’s Worldwide Staffing Director, John Zwieg, explains the shift from posting positions on traditional job boards to actively going after top talent on social networks. He shares how LinkedIn Recruiter has been very effective to help him reach the best passive candidates, from exec positions down to manager-level, while bringing down costs from big job boards and recruiting agency fees.



 

Cost per resume lower with LinkedIn job posts



Leela Srinivasan | December 2nd, 2009 | 3:55 pm

ERE.net published an interesting article today on a cost per resume study conducted by Marty Brack.  Marty ran a test comparing CareerBuilder.com to LinkedIn.  His analysis took into account the cost to post the job listing and the number of qualified resumes.

Here are the details of his study:

The cost to run one ad on LinkedIn cost $195 and the cost of a CareerBuilder ad was $360.  This pricing does not reflect discounts based on volume pricing.  After screening each resume Marty determined the number of resumes that were qualified and those that were not and calculated the cost per good resume.

The results of this study showed that, on average, LinkedIn produced fewer resumes per posting — 39 versus about 45 — but produced a higher yield per posting of qualified candidates: 11 versus 3. The cost to obtain a qualified resume on LinkedIn was less than CareerBuilder; $18.33 per resume versus $175.50. This is what a recruiter is looking for: a higher yield of qualified candidates at a cheaper cost per posting.

Reduce cost per resume further with LinkedIn Recruiter and Job Slots
The cost per qualified resume can be reduced even further by using Job Slots, available to LinkedIn Recruiter customers.  With Job Slots you get the convenience of a slot where you can swap jobs any time you like (like a parking spot where you can change the care at any time).  Buying a Job Slot for one year will reduce the monthly price even further and therefore the cost per qualified candidate will go down even more.



 

Discontented workers will provide opportunities for recruiters in 2010



Leela Srinivasan | December 1st, 2009 | 11:09 am

Workforce Management recently reported on two new research studies that reveal recruiting opportunities for next year. These studies put hard numbers on the degree to which workers today are discontented in the wake of company decisions to cut staff, freeze salaries and take other steps during the recession of the past year.

In a study conducted by Right Management, 60% of workers indicated that they intend to leave their companies as the economy improves and an additional 27 percent are networking or have updated their resumes.

In a second study, conducted by consulting firm Finnegan Mackenzie and business network ExecuNet, employed executives found that more than 90 percent of executives would take an executive recruiter’s call and more than 50 percent are looking for a new job.

During this economic downturn we have heard from recruiters that finding passive talent has been challenging.  Prospects have been unwilling to leave their jobs in an unstable ecomomy.  Now that the ecomomy is picking up, these workers are ready to make a move.  Given these research results, passive recruiting will be much more successful next year as the economy gets better.



 

Learn how eBay used LinkedIn Recruiter to cut cost per hire by half



Leela Srinivasan | November 24th, 2009 | 4:21 pm

John Curran, Global Staffing Programs Manager at eBay, shares his experience with Recruiter, LinkedIn’s advanced recruitment solution.

He explains eBay’s decision to equip all of their senior recruiters with a LinkedIn Recruiter seat:

  • Finding passive applicants who never look for a job and never post their resume on traditional job boards
  • Getting a 50% response rate on their InMails sent to very targeted passive candidates
  • Cutting the cost per hire in half compared to that of traditional job boards





 

Learn why Logitech uses the LinkedIn Jobs Network to attract top talent



Leela Srinivasan | November 11th, 2009 | 12:07 pm

Logitech’s Worldwide Staffing Director, John Zwieg, explains how job forwarding helps them find top talent on LinkedIn

Logitech’s Worldwide Staffing Director, John Zwieg, describes how his recruiters receive qualified applications through the LinkedIn Jobs Network.

  • LinkedIn members forward jobs to their relevant connections
  • Quality professionals who may not publish their resume anywhere else