With a troubling supply-demand ratio of high potential talent, recruiting and hiring managers must position themselves to achieve competitive recruiting advantages through improved planning and execution, according to a new white paper from Vangent.

"10 Megatrends Impacting Corporate Recruiting: A Strategic Perspective" summarizes the ten major trends that are reshaping the global landscape of corporate recruiting, highlights key strategies for responding to these trends, and presents three case studies focusing on talent acquisition best practices.

In this white paper, Dr. John W. Jones, a noted Industrial-Organizational Psychologist, breaks down the recruiting megatrends into two major categories. The first five trends deal with strategic positioning and the scarcity of relevant talent. Trends six through ten deal with new perspectives on the recruitment process along with new recruitment technologies. The ten megatrends as described in the white paper are:

Strategic Positioning & Talent Scarcity:

• Megatrend 1 – Strategic Alignment of All Recruiting Efforts
• Megatrend 2 – Conceptualizing Corporate Recruiters as Brand Managers
• Megatrend 3 – Intensifying Generational Shifts in U.S. Workforce
• Megatrend 4 – Embracing the "Free Agent" Talent Force
• Megatrend 5 – Tightening of the Global Labor Market

New Perspectives & Technologies:

• Megatrend 6 – The Retention Imperative for Internal Recruiting
• Megatrend 7 – Aligning Recruitment with Risk Management
• Megatrend 8 – Deploying the Next Generation of Applicant Tracking Systems
• Megatrend 9 – Web 2.0 Collaboration Technologies Infiltrating Recruiting
• Megatrend 10 – Managing Recruitment as a Decision Science

"Organizations are progressively transforming their human resource function into a strategically aligned Human Capital Management (HCM) environment that leverages highly talented workers as a major source of business success and competitive advantage," says Dr. John Jones, Vangent's Vice President and Chief Scientist. "Accordingly, it is important that talent acquisition leaders can identify, understand, and proactively confront the vital trends that impact their ability to attract and retain a premier workforce."

Click here to download a complimentary copy of this white paper.

About Vangent, Inc.

With over 5,500 employees worldwide, Vangent, Inc. is a leading global provider of Consulting, Systems Integration, Human Capital Management, and Business Process Outsourcing services to the U.S. federal and international governments, higher education institutions, and corporations. Through Vangent's Human Capital products and services, thousands of clients have successfully improved their workforce acquisition, development, and advancement. From industry-leading selection and hiring solutions, to best of breed learning, organizational development, and talent management solutions, Vangent helps clients achieve the greatest return from their human capital. For more information, please visit www.vangent-hcm.com.

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Talent Technology Corporation, provider of award-winning Resume Mirror resume parsing and extraction software for corporate HR departments, announced the Version 2.0 release of its Oracle iRecruitment Connector for Resume Mirror Extraction Enterprise (RMX Enterprise) today at the Global OHUG 2008 Conference.

“We are excited to feature our latest Oracle iRecruitment Connector here at the Oracle Human Capital Management (HCM) Users Group Conference in Las Vegas,” says Jade Bourelle, CEO, Talent Technology, “The robust system administration capabilities and web browser interface provide a productivity boost to recruiters and hiring managers, allowing them to be “power users”, able to manage their system without heavy reliance on busy IT resources”.

The comprehensive system administration module and enhanced error log handling capabilities of version 2.0 of the Oracle iRecruitment connector enables HR departments to use and maintain their Resume Mirror solution while respecting the workflows, rules and controls that protect the integrity of the core enterprise database.

“Our out-of-the-box integration technology leverages years of development expertise and experience in integrating resume extraction and parsing technologies with our customers’ recruiting solutions ”, said Andrew Cunsolo, Director of RM Product Development, Talent Technology, “RMX Enterprise customers benefit from faster deployment times, easier maintenance and reduced costs with our Oracle iRecruitment Connector”.

RMX Enterprise is delivered as an on-demand hosted service providing advanced resume extraction and resume parsing functionality for users of Oracle iRecruitment. It virtually eliminates the need for manual data entry or manual processing of resumes and dramatically improves the ease with which candidates can apply for jobs on a company’s career portal, resulting in a higher number of quality applicants.

Currently processing millions of candidate resumes every month, RMX Enterprise is the leading solution for companies in the Fortune 1000.

Media, customers, and partners are invited to visit Talent Technology in booth #426 in the Grand Ballroom at OHUG 2008 to learn how Resume Mirror Extraction and Resume Mirror Search can add value to Oracle HCM investments.

Talent Technology will also be co-presenting a session with Sue Sellers from Symantec: Symantec Success with eRecruit and Resume Mirror - Wednesday, June 25, 2008 3:15 pm - 4:15 pm in Room MEC C3.

Resume Mirror Extraction Enterprise is available directly from Talent Technology Corporation. For more information or to schedule a live demo of RMX Enterprise’s Resume Parsing and Extraction technology, visit www.talenttech.com. 

Talent Technology customers should contact Resume Mirror Support at 1.866.919.9989 or rmsupport@talenttech.com for additional information.

About Talent Technology Corporation

Talent Technology Corporation is a leading provider of on-demand applicant tracking and component recruiting technology for the recruiting/staffing industry and corporate HR departments. Our award-winning Resume Mirror products lead the market in providing resume extraction, resume parsing and conceptual resume search solutions for all forms of recruiting systems across all sizes of organizations in all types of industries. Resume Mirror Extraction and Search Technology can be found as embedded components or add-on modules to the world’s leading ERP systems, including Oracle iRecruitment and PeopleSoft Talent Acquisition Manager (TAM). In addition, hundreds of organizations ranging from Fortune 1000 firms to independent recruiting/staffing agencies rely on our products to automate, improve and better manage their sourcing, recruiting and hiring processes. Learn more about Talent Technology at www.talenttech.com.

A new study by the Chartered Management Institute (CMI) indicates that firms are missing out on a significant number of potential employees, especially ethnic minorities, because they tend to overlook the possibilities of e-recruitment.

The CMI latest research involved 1,350 managers from a range of minority groups. The survey explored where the respondents looked for work, what attracted them to a particular employer and what their career aspirations were.  

Hülya Hooker, IES Research Fellow and author of the report, said: "This study reveals what is happening in practice in the careers of managers. If organisations want management talent at the top, it's there, and in an ethnically diverse pool. Recruitment approaches must recognise that managers from different ethnic groups are attracted by different benefits. What this talent has in common, though, is a drive to be challenged, to grow, and to achieve. And if the challenge and opportunity goes, so will they. Organisations therefore need to understand and engage with what really motivates their managers, before and after recruitment - and long before they hear the rustle of the jobs pages."

The survey reveals possible evidence of discrimination. Even though 77 percent of the respondents said they had accepted their jobs because of "development opportunities" they had been promised, only 45 percent feel that the employer has lived up to his or her promise and developed the person's skills "impressively" or "well."

“Despite increasing demands for openness and transparency many of the barriers to achieving greater diversity at a senior management level persist. It should be a key concern for employers because they run the risk of wasting a talent pool that already exists,” says Jo Causon, director of marketing and corporate affairs at the Chartered Management Institute.

The results also showed that Internet searches were the second most popular job hunting method, right after newspaper ads. Managers aged under 30 were eight times more likely to look for jobs online than those in the 50 + group. More than a half of the respondents (56 percent) were actively seeking new jobs.

 “This study shows that it is vital that employers take a close look at the methods they use to attract new recruits," said employment minister Steven Timms. 

The executive summary is available for download at the CMI site.

 

The management consulting careers site Top-Consultant.com has a number of career events scheduled for the coming months.

If you are interested in attending open evenings with IBM or the Place Group, please make sure you fill out the registration forms on the Events page by the end of the month.

Open evenings provide job seekers with an excellent opportunity to check out a company and its employees before applying for a job there and they often help consultants decide on the next step in their career.

IBM hosts a Recruitment Open Evening for SAP Professionals on June 12th. The company is eager to meet seasoned SAP professionals who are interested in joining their Global Business Services Team.

The Place Group Open Evenings will be hosted in Birmingham, Manchester and London in May and June. The consultancy is currently recruiting Consultants, Project Managers and Client Directors across England to join their team of professionals who aim to deliver 21st century education to British schools and pave the way in the transformation of Children's Services.

To find out about other career events and how they may benefit your career, please visit Top-Consultant.

Consulting firm Potentialpark Communications conducted a survey of 1,800 students and graduates in the U.S. and asked them to identify the best corporate careers websites in the country. The criteria used in the assessment were: Usability, Employer Branding, Talent Relationship Building, Application Management, Recruitment Process and Assessment & Individual Feedback. 

The companies that made it to the top 30 list are mostly in the banking, technology and consulting sectors. Here they are:   

1. Deutsche Bank 

2. Microsoft

3. The Boston Consulting Group (BCG)

4. Merrill Lynch

5. Accenture

6. Charles Schwab

7. UBS  

8. Booz Allen Hamilton  

9. Intel

10. Bertelsmann

11. McKinsey & Company

12. Credit Suisse

13. Goldman Sachs

14. Philips

15. Eli Lilly

16. Citigroup

17. Bank of America 

18. Procter & Gamble

19. Bain & Company 

20. Raytheon  

21. Merck

22. Novartis

23. Deloitte

24. DaimlerChrysler  

25. Dell 

26. JPMorganChase 

27. 3M

28. Capgemini  

29. American Express  

30. Ernst & Young   

 

 

 

Deloitte LLP chief executive officer Barry Salzberg will deliver a speech titled “Who Took My Workforce: New Realities for the New Era” at the Omni Los Angeles hotel at noon on May 7.

After addressing the Millenial workforce, Salzberg will be taking questions on how the new generation of employees is affecting the world of business.

Salzberg, who has been with Deloitte since 1977, will also discuss larger issues related to new talent and employment trends. The Deloitte CEO has previously spoken of the issue of attracting the Generation Y employees to the workplace.

He said: “We have made a huge effort to understand and respond to the unique strengths and style of Gen Y. Younger people want respect and they demand choices. Above all, they want to be valued and noticed for their contribution. What I find most exciting is that it’s a process that is changing how all the generations work together.”

The event is organized by Town Hall Los Angeles, a nonprofit membership organization dedicated to examining important issues of the present day society.

For more information, visit the Town Hall website.

 

To apply for the latest Deloitte jobs, please visit our IT job board.   

IBM will host a career event for SAP professionals on June 12, 2008.

The company is recruiting SAP experts with “extensive client facing consulting skills, developed through multiple project lifecycles, with industry specific expertise” in any of the following sectors:

• Oil
• Banking
• Retail
• Utilities
• Public Sector
• Distribution
• Communications

If you are ready for the next big step in your career or would like to learn more about working for IBM Global Business Services, the company has invited you to attend the Recruitment Open Evening on June 12.

Attendance is invitation only due to limited spaces. To receive an invitation, please fill out the registration form available at Top-Consultant.

In the meantime, you are welcome to browse and apply for the latest IBM jobs on our IT job board.

A growing number of permanent IT employees are opting for freelance IT jobs these days, in light of the uncertain situation on the market. They are well aware of the fact that companies see flexible hires as a more convenient alternative to taking on permanent IT staff.

Jobs agency Robert Walters has warned that permanent IT employees will face a downturn this year, which indicates that contracting may come with better job security. Consequently, IT professionals who have not yet had any experience freelancing are now much more likely to go after contract jobs when they talk to IT agents.

Paul Elworthy, banking and financial IT recruitment director at Hudson, sees this as a reaction to the state of affairs on the financial market. In order to keep their options open, IT workers no longer only go for permanent jobs as the fear of layoffs has affected the perception of the job security in information technology industry, but they also look for contract roles.

This is particularly the case with full-time technical professionals who have worked in the development sphere long enough to have mid to senior-level jobs – the group generally most likely to start to work independently.

“We’re seeing financial institutions taking stock of their IT headcount, in light of the turmoil. They are being more cautious in terms of hiring, not too dissimilar to five or six years ago,” says Elworthy. 

IT contract manager James Parker explains: “The rise in the number of new IT contractors is all linked to the (economic) uncertainty over the next 12 months.”

“IT staff are perceiving the contract market is going to be more buoyant than the permanent market, which I would agree with.”

The number of permanent IT employees who are making the move to contract IT jobs is growing. As a result, there has been some talk of contractors having to significantly cut their rates because of the sheer number of the new contractors.

Paul Elworthy says: “Overall, we are starting to see the economic turmoil squeeze contractor rates, for new hires, while clients are also looking at how they can justify reducing the cost of (existing) contractors)… Generally, we find established contractors stick to their rates.”

Recruiters and agents say that contractors are in a much safer position in the current recession than their counterparts who have permanent jobs.

“Whenever we see this perceived downturn in the market, it’s always good news for our contract business and not such good news for our permanent business. We find our IT contractor business comes out of these downturns in a much stronger position than when we go into them,” says James Parker. 

 

To browse and apply for the latest contract consulting jobs, please visit Top-ContractConsultant.com. 

The management consulting job portal Top-Consultant has announced a series of virtual career fairs starting June 20th, 2008. Further events are planned for November and beyond, depending on the feedback from exhibitors.

28 recruiting organisations have already committed to exhibiting and a total of 45 organisations are expected to make an appearance at the Virtual Careers Fair. The booking deadline for exhibitors is May 31.

Other than being easier to attend for a larger number of IT and management consultants, virtual career fairs have  another significant advantage. Top-Consultant's Founding Director Tony Restell says:

“A major factor in the decision to launch a virtual offering was the desire to make it easier for consultants to attend our fairs. Logging into a virtual fair for an hour is much less intrusive than having to take a day off to attend an event in person. Going virtual also addresses one of the biggest concerns that candidates have about attending a physical fair – that they’ll be spotted at the fair by their current employer.”

To make sure only qualified candidates get access to potential employers at the career event, Top-Consultant will give priority to the consultants who are registered on the job portal’s CV database. You can register your CV in the Get Headhunted section. The Virtual Careers Fair will also offer an additional advantage to the recruiters: the candidates who are granted access to the event will be pre-screened.

“From the employer side a virtual event means that a stand can be manned by staff from across the world and that opportunities in a variety of office locations can be discussed with the appropriate member of staff. This considerably increases the likelihood of successful hires being made. An international presence on a firm’s stand can be achieved without the need for any costly travel, loss of billable time or carbon offsetting expense. Setup time per exhibitor is also minimal and the cost of participating is a fraction of that needed to exhibit at a physical careers fair,” says Restell.

Recruiters who are interested in participating or learning about other benefits of the Virtual Career Fair are welcome to contact the Top-Consultant team on +44 (0)207 667 6880 and request the brochure.

Top-Consultant's 'physical' Careers Fair takes place in London every year in October.

The University of Wolverhampton will host an IT careers event – the annual IT Careers Fair – on Thursday to allow graduates and students learn more about careers in the information technology industry.

The open day will take place in the Exhibition Hall at the City Campus on Thursday, April 10. It will start at noon and last for four hours.

Some of the employers who will send representatives to promote IT graduate jobs and training schemes at the event include Capgemini, Electronic Data Systems (EDS) Corp. and Hays Information Technology.

In reference to the careers day, Employer Liaison Officer Kam Atwal said:

“This is a great opportunity for students and recent graduates to meet representatives from top companies and find out more about pursuing a successful career in the IT industry.”

To book a place call 01902 518570.