The results from the 2007 Recruiting Trends survey sponsored by the DirectEmployers Association are out.
Data gathered from 47 companies indicated:
- 55% of hires were made from online sources (+8% from last year).
- Employee referrals were the largest single source (21% of hires), followed closely by the organization's website and general job boards.
- Employee referrals also generated the highest quality candidates (82% rated favorable), but niche job boards and search firms tied for second, with campus recruiting a very close third. General job boards were rated favorable by only 22% of respondents.
- The largest percentage, by far, of recruitment/advertising budget went to general job boards (34%). Referrals, the source of the highest quality candidates, received 6% of the budget.
- Putting these numbers together, the source value (cost/hire) was highest, by a large margin, for referrals, followed by the organization's web site and, perhaps surprisingly, social networking technology.
Comments and follow-up conversations indicated a growing frustration with general job boards (especially for IT jobs) as well as a growing reliance on sources of passive candidates, such as social networks, blogs, and search engine optimization.
Read the full report for a much more detailed analysis and insights. Thanks to Rocket-Hire for making this available.