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Will You Add? - How Important is Recruiting Software in Determining the Success of an Executive Search Firm
Estimates on How Much Companies Will Spend to Resolve the Options Backdating Issue lls.First some answers on a not so serious note:1. Make an estimate, then multiply by 2, divide by 0.134263 and take the square root after adding Pi times the estimate times 12.3452. Use a dart board and get some friends together to change the numbers to very high 8 figures. The one person that hits the same estimate range on the dart board 3 times is the closest to the estimate.3. Take a wild swing and at the end of the report, cite the analyst firm IMTSU 2006 (I Made This Stuff Up).There are 3 portions to the cost of resolving the options backdating issue:1. Tangible costs - Regulatory fines and expenses - Internal investigation fees - Audit investigation fees - Documentation & restatement fees - Back tax dues and penalties and interest - Share holder lawsuits: Settlement fees, Defense fees2. Intangible costs - Market capitalization loss - Employee turnover (not easy to guesstimate, but rest assured there wi 4. Determine the applicant(s) to present and present the applicant(s) to the client. 5. Track the interview process to the point of hire and the applicant starting to work for the client. That's right, only 5 steps! This is what is so alluring to people thinking about recruiting as a career. But any experienced recruiter will tell you that each of these steps demands a fantastic amount of skill, resources and marketing to be successful. The job of executive search software is to make sure that each of these 5 steps can be performed without any wasted motion. Note that my emphasis is on saving recruiters time and is not on features. I cannot begin to count the features I have reviewed and discarded. They looked like a good idea at the time but simply could not stand up to the daily grind of a recruiter. I have always said that I could take six seniors majoring in IT from any university and come up with a recruiting system in about 6 months. It would then take me about ten years to mak What Is DFSS And How Does It Compare To DMAIC? Not Very! You might find that answer surprising, considering I am the president of a recruiting software company. We have been producing recruiting software for 25 years. I have also spent 25 years as a recruiter in the very competitive Los Angeles market.For those organizations that are constantly engaged in innovating their products or services, DFSS, an acronym for Design for Six Sigma, is not new. But the general statement by many that they are implementing Six Sigma shows that they are a little bit confused - in most cases one will be using DMAIC, which is applicable in cases where there are products and services that already exist.DFSS is more focused on innovating and designing new products or redesigning them to suit the business. The designing exercise can be started from scratch, as it has happened in many cases. Thus, DFSS is implemented for design of new products.DFSS Is Closer To DMADVIn actual practice, DFSS hardly differs from DMADV, an acronym which stands for Define, Measure, Analyze, Design and Verify. It is this design factor which makes all the difference between DFSS and DMAIC. The designing or redesigning a process or a product arises by following the Define and M I talk to a lot of recruiters every day who are trying to decide on recruiting software. There is a variety of recruiting software products out there and it seems as if a new one pops every other day. The ERE has a running Discussion group, “Finding The Right Recruiting Software”, where recruiters can ask questions and get advice from each others regarding recruiting software. I get emailed discussions daily from this group and almost every time someone mentions software that I have never heard of. I get the feeling that many of these recruiters I talk to every day are on the wrong track. They are looking for the secret potion that will turn either themselves or their firm into a super star of the recruiting industry with the slickest resume database and applicant tracking features around. I maintain that if you take a good recruiter or recruiting firm and make them use bad recruiting software, they are still going to be successful. Conversely if you take a bad recruiting firm and make them use good recruiting software they are still going to be a bad recruiter or recruiting firm. When I was still recruiting during the day and writing software at night I worked elbow to elbow with fellow recruiters. I used to criticize the recruiter who was always fussing with the computer and their files. Do you know why? I’m guessing you think it is because I am so arrogant that I did not want to listen to anyone else’s ideas. You are wrong, although I do like my own ideas! The real reason, however, was that I knew this recruiter was never going to be successful and we would lose money. Time after time, year after year for 15 years, I found that the recruiters who focused on the recruiting tool and gimmicks rather than execution failed. Someone once told me that Vince Lombardi, a very successful football coach, had only about 6 plays. The success was all in the execution! The recruiter who focuses on the execution of the client and applicant call and is always thinking of ways to improve the call is going to be successful. How you identify this type of recruiter is the subject for another article. So, why have I spent half of my life writing recruiting software and trying to make it better? Because I love my work and the creativity of it and I know I can give a really good recruiter an edge. I know the recruiting firm will be successful with or without me but I can make a difference. I truly enjoy working with successful people and the rewards and appreciation mean so much more to me. What makes good recruiting software? This depends on the recruiter or recruiting firm and their business model. There are a number of good recruiting software packages but fundamentally the software must be extremely easy to use, it has to focus on the execution of the client or applicant call and it has to gather information through, what I like to call, the natural process of recruiting. If the software gathers information naturally and easily it will feed into the critical element of recruiting, marketing! Recruiting software must compliment or follow the natural process of recruiting. Notice I did not say the software must be intuitive! You might ask what exactly is natural? If your applicant tracking, staffing or resume database software requires you to perform tasks that you would not ordinarily do then you must question the recruiting software. Now, I have to admit that everything you do as a recruiter might not be considered natural. Natural or not, the recruiting process can be simplified into a few basic steps. 1. Get a job order by calling clients and recording the calls for future marketing and follow up. 2. Research a database or databases for applicants or referral sources that would be a good fit for the job order. 3. Call identified applicants and record calls. 4. Determine the applicant(s) to present and present the applicant(s) to the client. 5. Track the interview process to the point of hire and the applicant starting to work for the client. That's right, only 5 steps! This is what is so alluring to people thinking about recruiting as a career. But any experienced recruiter will tell you that each of these steps demands a fantastic amount of skill, resources and marketing to be successful. The job of executive search software is to make sure that each of these 5 steps can be performed without any wasted motion. Note that my emphasis is on saving recruiters time and is not on features. I cannot begin to count the features I have reviewed and discarded. They looked like a good idea at the time but simply could not stand up to the daily grind of a recruiter. I have always said that I could take six seniors majoring in IT from any university and come up with a recruiting system in about 6 months. It would then take me about ten years to make The Features of a Wyoming Corporation d applicant tracking features around.Wyoming is a good place to incorporate.In fact, when you think ‘limited liability company’ you should take off your hat, pause a while and thank Wyoming. That is because in 1977, Wyoming became the first state to pass legislation authorizing the creation of a special kind of Wyoming Corporation: The limited liability company.This was the first LLC legislation in the entire country. It was not until 1982 that a further state authorized the LLC, and it took a further six years, until 1988 to be precise, for the IRS to issue a ruling that Wyoming LLCs would be taxed as partnerships instead of as corporations. This ruling encouraged other states to enact similar statutes, and in less than a decade after the ruling, all states had followed suit. Wyoming can be very innovative, all things considered.The state adopted the Wyoming Corporation Act providing a unique set of rules for people wanting to incorporate in this state. It may yet be an I maintain that if you take a good recruiter or recruiting firm and make them use bad recruiting software, they are still going to be successful. Conversely if you take a bad recruiting firm and make them use good recruiting software they are still going to be a bad recruiter or recruiting firm. When I was still recruiting during the day and writing software at night I worked elbow to elbow with fellow recruiters. I used to criticize the recruiter who was always fussing with the computer and their files. Do you know why? I’m guessing you think it is because I am so arrogant that I did not want to listen to anyone else’s ideas. You are wrong, although I do like my own ideas! The real reason, however, was that I knew this recruiter was never going to be successful and we would lose money. Time after time, year after year for 15 years, I found that the recruiters who focused on the recruiting tool and gimmicks rather than execution failed. Someone once told me that Vince Lombardi, a very successful football coach, had only about 6 plays. The success was all in the execution! The recruiter who focuses on the execution of the client and applicant call and is always thinking of ways to improve the call is going to be successful. How you identify this type of recruiter is the subject for another article. So, why have I spent half of my life writing recruiting software and trying to make it better? Because I love my work and the creativity of it and I know I can give a really good recruiter an edge. I know the recruiting firm will be successful with or without me but I can make a difference. I truly enjoy working with successful people and the rewards and appreciation mean so much more to me. What makes good recruiting software? This depends on the recruiter or recruiting firm and their business model. There are a number of good recruiting software packages but fundamentally the software must be extremely easy to use, it has to focus on the execution of the client or applicant call and it has to gather information through, what I like to call, the natural process of recruiting. If the software gathers information naturally and easily it will feed into the critical element of recruiting, marketing! Recruiting software must compliment or follow the natural process of recruiting. Notice I did not say the software must be intuitive! You might ask what exactly is natural? If your applicant tracking, staffing or resume database software requires you to perform tasks that you would not ordinarily do then you must question the recruiting software. Now, I have to admit that everything you do as a recruiter might not be considered natural. Natural or not, the recruiting process can be simplified into a few basic steps. 1. Get a job order by calling clients and recording the calls for future marketing and follow up. 2. Research a database or databases for applicants or referral sources that would be a good fit for the job order. 3. Call identified applicants and record calls. 4. Determine the applicant(s) to present and present the applicant(s) to the client. 5. Track the interview process to the point of hire and the applicant starting to work for the client. That's right, only 5 steps! This is what is so alluring to people thinking about recruiting as a career. But any experienced recruiter will tell you that each of these steps demands a fantastic amount of skill, resources and marketing to be successful. The job of executive search software is to make sure that each of these 5 steps can be performed without any wasted motion. Note that my emphasis is on saving recruiters time and is not on features. I cannot begin to count the features I have reviewed and discarded. They looked like a good idea at the time but simply could not stand up to the daily grind of a recruiter. I have always said that I could take six seniors majoring in IT from any university and come up with a recruiting system in about 6 months. It would then take me about ten years to mak Advertising Has Never Been Cheaper Lombardi, a very successful football coach, had only about 6 plays. The success was all in the execution!If you run a small business you have probably already found yourself having to be multi-skilled in accountancy, law, interview techniques and a whole host of other areas. If your small businesses doesn't have the resources to hire a marketing firm, you will also need to be adept at getting your products or services publicized.Things are not as simple as they once were. There are so many media outlets out there that even large marketing agencies are finding the array of possibilities daunting. There has certainly been a shift towards digital marketing, ranging from the now established web banner ads to RSS feeds, mobile telephone messaging and pod casting, not to mention the use of blogs and viral marketing. There has been a clamour to put out on line video messages as the definition between television and internet has become increasingly blurred.Let's be realistic. If your business cannot afford an agency, you are unlikely to be a The recruiter who focuses on the execution of the client and applicant call and is always thinking of ways to improve the call is going to be successful. How you identify this type of recruiter is the subject for another article. So, why have I spent half of my life writing recruiting software and trying to make it better? Because I love my work and the creativity of it and I know I can give a really good recruiter an edge. I know the recruiting firm will be successful with or without me but I can make a difference. I truly enjoy working with successful people and the rewards and appreciation mean so much more to me. What makes good recruiting software? This depends on the recruiter or recruiting firm and their business model. There are a number of good recruiting software packages but fundamentally the software must be extremely easy to use, it has to focus on the execution of the client or applicant call and it has to gather information through, what I like to call, the natural process of recruiting. If the software gathers information naturally and easily it will feed into the critical element of recruiting, marketing! Recruiting software must compliment or follow the natural process of recruiting. Notice I did not say the software must be intuitive! You might ask what exactly is natural? If your applicant tracking, staffing or resume database software requires you to perform tasks that you would not ordinarily do then you must question the recruiting software. Now, I have to admit that everything you do as a recruiter might not be considered natural. Natural or not, the recruiting process can be simplified into a few basic steps. 1. Get a job order by calling clients and recording the calls for future marketing and follow up. 2. Research a database or databases for applicants or referral sources that would be a good fit for the job order. 3. Call identified applicants and record calls. 4. Determine the applicant(s) to present and present the applicant(s) to the client. 5. Track the interview process to the point of hire and the applicant starting to work for the client. That's right, only 5 steps! This is what is so alluring to people thinking about recruiting as a career. But any experienced recruiter will tell you that each of these steps demands a fantastic amount of skill, resources and marketing to be successful. The job of executive search software is to make sure that each of these 5 steps can be performed without any wasted motion. Note that my emphasis is on saving recruiters time and is not on features. I cannot begin to count the features I have reviewed and discarded. They looked like a good idea at the time but simply could not stand up to the daily grind of a recruiter. I have always said that I could take six seniors majoring in IT from any university and come up with a recruiting system in about 6 months. It would then take me about ten years to mak Trade Show Tips and Tricks licant call and it has to gather information through, what I like to call, the natural process of recruiting. If the software gathers information naturally and easily it will feed into the critical element of recruiting, marketing!
Recruiting software must compliment or follow the natural process of recruiting. Notice I did not say the software must be intuitive! You might ask what exactly is natural? If your applicant tracking, staffing or resume database software requires you to perform tasks that you would not ordinarily do then you must question the recruiting software. Now, I have to admit that everything you do as a recruiter might not be considered natural.Not all trade shows are alike, but with a few basic tips, you can improve your ROI (Return on Investment) without adding much (or any) cost. With just a few tricks, your trade show experience can be transformed from a nightmare into a success story.-Follow up on the leads you generate. You would be shocked to know how many exhibitors fail to follow up with potential clients. Your work does not end when the trade show ends. -Train your booth staff on your products and services. Unknowledgeable staff is unprofessional. -Plan in advance. The cost of expedited shipping can be tremendous, so make sure you are planning your purchases months in advance. -Pick a show that is right for you. All your efforts will be wasted if none of your target audience attend the trade show at which you are exhibiting. -Please, do not try to do your own graphic design work. The work of a professional designer with an aesthetic eye is substantially be Natural or not, the recruiting process can be simplified into a few basic steps. 1. Get a job order by calling clients and recording the calls for future marketing and follow up. 2. Research a database or databases for applicants or referral sources that would be a good fit for the job order. 3. Call identified applicants and record calls. 4. Determine the applicant(s) to present and present the applicant(s) to the client. 5. Track the interview process to the point of hire and the applicant starting to work for the client. That's right, only 5 steps! This is what is so alluring to people thinking about recruiting as a career. But any experienced recruiter will tell you that each of these steps demands a fantastic amount of skill, resources and marketing to be successful. The job of executive search software is to make sure that each of these 5 steps can be performed without any wasted motion. Note that my emphasis is on saving recruiters time and is not on features. I cannot begin to count the features I have reviewed and discarded. They looked like a good idea at the time but simply could not stand up to the daily grind of a recruiter. I have always said that I could take six seniors majoring in IT from any university and come up with a recruiting system in about 6 months. It would then take me about ten years to mak Factoring Volume Continues to Grow lls.Accounts receivable funding, also known as factoring, continued an upward trend in 2005 with volume exceeding $112 billion. This represented a 9.3% increase over the prior year, which is the strongest year to year growth rate since 2000. In fact, only 2001 was the only year in the past 20 that factoring volume did not rise. A/R funding continues to be an accepted part of financing, but according to the Commercial Finance Association’s Annual Asset Based Lending and Factoring 2005 Survey, two thirds of the volume came from the northeast and southeast parts of the country. The northeast is the major region for factoring volume with 42% of the total.The survey indicated that only 5% of factoring volume came from the Midwest, which includes some highly populated states with a plethora of companies that typically use A/R funding. States in the Midwest included in the survey were Illinois, Michigan, Ohio and Missouri. Why are the totals so low for 4. Determine the applicant(s) to present and present the applicant(s) to the client. 5. Track the interview process to the point of hire and the applicant starting to work for the client. That's right, only 5 steps! This is what is so alluring to people thinking about recruiting as a career. But any experienced recruiter will tell you that each of these steps demands a fantastic amount of skill, resources and marketing to be successful. The job of executive search software is to make sure that each of these 5 steps can be performed without any wasted motion. Note that my emphasis is on saving recruiters time and is not on features. I cannot begin to count the features I have reviewed and discarded. They looked like a good idea at the time but simply could not stand up to the daily grind of a recruiter. I have always said that I could take six seniors majoring in IT from any university and come up with a recruiting system in about 6 months. It would then take me about ten years to make it really work for a recruiter. I think everyone would agree that there are many ways to perform the 5 steps. But I like to think of them performed in an ultimately natural process. We only give in grudgingly to the limitations of computer code making the recruiter do something besides talking to a qualified applicant or client. So what would be the ultimate? Have the recruiter sit next to a phone and be told or shown who to call and be informed of the full nature and objective of the call. Have all the information available that might be needed for the call without doing anything but talking. Then when this call is finished all the follow up information regarding this call is recorded without any effort by the recruiter. Then the recruiter talks to the next client or applicant. This is the ultimate goal of any applicant tracking, staffing, recruiting software or whatever else you want to call it. This is what I like to call the natural process of recruiting. To me anything else takes away from the effectiveness of the recruiter. For example, if using a resume database or any recruitment tool causes the recruiter to stop at the end of the day to 'feed' the database just to keep the rest of the executive recruiters, management and himself/herself informed then the recruiting system is not natural. The recruiter had to perform a task not related to talking to an applicant or client. The recruiter had to run back behind the lines, count noses, inform and organize for the next assault because the army was in disarray. What if the recruiter miscounts? Notice I have not said a thing about features, even though I have spent half of my life writing them and continue to write them with all the excitement I had 20 years ago. A feature is only valuable if it suits the way a recruiter or recruiting firm works. Also, be careful that you do not get so dazzled with a feature that it takes you off of your successful game. The feature must be an enhancement to what is working for you right now. This is very hard to see and really can only be determined by using the product. Be careful of demos as they can be very misleading. A long trial period is best. If the recruiting product fits your natural style and it is a proven product with a good track record then you are almost home. Almost? Yes, if the product does not allow you to focus on using the database of information gathered for a powerful and deliberate marketing program then keep looking. Marketing is everything in recruiting!
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