Internet is King When it Comes to Hiring Employees
A recent survey conducted by the DirectEmployers Association found that more than 50% of new hires in 2005 were found via the Internet, making it the primary means of locating and hiring new employees.
Of the sources of Internet hiring specifically noted, corporate employment web sites accounted for 21% of hiring, general job boards accounted for 15% of new hiring and another 15% of new hires were located through a combination of niche job board, social network sites and commercial resume databases.
Among non-Internet based hiring, employee referrals accounted for 19% of new hires while search firms and classified ads accounted for 10% and 5%, respectively. Further quality of candidate studies indicated that employee referrals, corporate employment web sites and search firms produced the best candidates.
The DirectEmployers Association survey also indicated that general job boards, though not the top source of new hires, did account for 27% of all recruitment budgets, the highest among all categories.