Traditional 'keyword' search founded by the first generation job sites is broken. It is a frustrating experience for both employer and job seeker. First generation job sites continue to focus on generic employment requirements offering no differentiation to users and yield below 11%!
Americans are growing increasingly unhappy with their jobs, The Conference Board reports today. The decline in job satisfaction is widespread among workers of all ages and across all income brackets. more
$44 Billion: The estimated cost faced by U.S. employers for occupational mismatch, job dissatisfaction and employee turnover – U.S. Department of Education 2004
Moreover, the Visible and Hidden Costs of Hiring (CPH) can amount to 1.5, or 150% of a person’s annual salary.
Visible Costs of a New Hire
- Recruitment Costs
- Agency searches, outplacement fees
- Advertising
- Salary and benefits for the organization’s recruiters and support staff
- Travel costs for recruiters and applicants
- Orientation and training for recruiters
Hidden Costs of a New Hire
- The Learning Curve
- Loss of Work Team Efficiency
- Work Loss of Terminated Employee (Voluntary or Involuntary)
- Water Cooler Syndrome
- Costs of a Vacant Position
Major groups of human resources
- Those that know their passion and work in it
- Those that know their passion but don't work in it
- Those that don't know their passion
Today's recruitment environment demands a new sophistication. It requires a mindful and efficient sort-and-match capabilities that is based on deeper Employment Compatibility not keywords. The market requires destinctive attributes and qualities with passion at its core. Current job sites don't offer such functionalities. |