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Archive for May, 2013

Tips for Hiring The Top MBAs

May 31, 2013 Leave a comment

ImageWhen it comes to hiring MBAs, companies are all across the board. According to BusinessWeek, there is a significant reduction in the number of MBAs receiving job offers. This means that MBAs in general are headed to the back of the unemployment line like everyone else – though this is likely to change in the next several months.

Research was conducted by the Graduate Management Admission Council in the first quarter where over 5,000 graduates across 33 countries were interviewed. Fewer had job offers than those in prior year. Areas that were down included finance, accounting, manufacturing and health care. There were some areas that saw gains, however, which included consulting, energy and technology.

Another survey was recently conducted with corporate recruiters and this was more positive. It showed that many were planning on hiring MBAs. This includes hiring more with an MBA as well as paying them more – up approximately $5,000 annually from 2012.

The areas that show the most promise for MBAs includes technology and finance. As the economy is turning around, companies are learning of the importance of hiring quality talent -and this often means going after those who have more education in a particular topic.

In the survey, it showed that U.S. companies have the greatest demand for MBA talent with approximately 85 percent of companies planning to hire individuals with such a degree – and this number increases to 92 percent in the Northeast region of the countryWhen you plan on hiring the top MBAs, you have to understand you have competition out there. What used to be an open market because MBAs weren’t getting the offers is now much fiercer. This means you will have to make sure you have something to offer the candidates – and take the time to go out in the market and find the talent you are looking for.

You cannot always wait for talent to come to you. It will be necessary for you to userecruitment technology to go in pursuit of the talent. When you are able to reach out to those with MBAs, you will be able to tap into more talent. You may even want to go out of your demographic area to find the right talent – and ask people to relocate in order to work for your company.

Regardless of whether you are actively searching for talent or you are waiting for talent to come to you, you will need to make sure you are tracking all of the talent properly. This way you will be able to see what you have without letting any slip through your fingers.

The US ecnonomy doesn’t need more jobs, it needs effective hiring

May 20, 2013 Leave a comment

From the time of the share buying rage of the 1920’s, seeking economic security has been priority for most Americans. Although we are in post-recession times, we are still feeling the pinch, particularly those of us who have the task of finding productive employees.

It is vital to get facts and statistics about job openings and economic stability, and Ben Casselmen’s article is true to the mark. Job hiring was at a zero point during the recession and the JOLTS reports are pretty reliable; we are approximately three years out of the recession and job openings are still at a minimum.

It is good to be optimistic, but Janet Yellen’s statement that, “Going forward, I would look for an increase in the rate of hiring,’ is not very realistic. It doesn’t veil the fact that employers are hiring less than they did, say, back in 2007 and that less persons are voluntary quitting their jobs whether their positions are satisfactory or not.

The article also states that it is unclear what the factors are holding back hiring, going on to say that employers have a difficult time finding reliable workers. This is true, and you don’t have to be a human resource manager to see that staff and customer service are not what they used to be!

The article goes on to say that some workers are confident enough to quit their jobs, but are still aware of the slim chances of finding suitable employment. Even though there are persons out there who are able to obtain employment, the fact that we are still recovering from a recession is prevalent. The hiring and job seeking venue is a chance for both employer and employee to take.

Obtaining satisfactory employment is tricky and, when considering an applicant for a position in your company, you the applicant to live up to their resume. The best way to secure proper productivity for your business is to step-up your hiring process and your employee assessment!

Technology is continually advancing as we read this with products geared toward making life easier. One branch of technology on the rise is the Applicant Tracking (ATS) system. To me, an Applicant Tracking System appears to be a human resource managers dream come true. It is a software program that practically does the work for you.

An ATS can be used to build a customized careers site on your company website, to posting job opening.  It can also scan resumes of prospective employees and even schedule interviews to potential candidates via email. The fact that almost 50 percent of average size companies and almost all big corporations have had success with an ATS is reason enough to consider it a worthy option when you make your next hiring decision.

Making a Match: Companies and Developers

May 3, 2013 Leave a comment

Many high tech companies are finding it hard to find good talent. If you fall into this category, you may struggle with giving developers and other tech applicants a reason to apply to your job when companies like Facebook and Google have so many perks. You don’t have to install a slide in your office, but you do have to start using more technology in your hiring process.

For years now, when people want to find love, they go to sites like eHarmony because of the tech-savvy algorithms used to pair people that mesh well together. It has cut down on the dating scene and helped many people to form successful marriages.

When you think about it, pairing a company with a developer is a lot like a marriage. If you’re still on the dating scene, trying to find the right partner, it might be time for you to think like eHarmony and all of the other sites and create an algorithm.

If you live in New York City or San Francisco, you can use the GroupTalent algorithm that allows developers and companies to be paired based upon talent. The platform has proven to be very effective and can solve a lot of the hiring problems you have faced in the past.

The technology is also great for developers who want to “try before they buy.” Basically, it allows developers to try out a company for a short-term project. This would be beneficial to you, as well, to see how well the person does within your business model. If neither of you are happy, you part ways and go on with the next match.

The medical industry has been doing this for years with the locum tenens. Short-term roles are filled by people in the interim while a doctor or nurse is away for some reason. Most locum tenens are proving themselves while at the facility and often are given a job offer at the end of their term because of how well they have proven themselves. The same concept applies with you.

Technology is a useful tool and many companies are learning how to use it in order to obtain the perfect match. By using an Applicant Tracking System, you can do the same thing. This software would allow you to search for various features and characteristics of those who are applying to your positions. This will allow you to pick and choose from those who are applying to you so you can ensure you get a better match for your business.

When it comes down to it, you have to make sure your business has an attractive offer for applicants. While you can use technology to narrow down your options, you still have to get the best of the best sending their resume and information to you.