Job Search News

One of the things that drives up the cost of doing business is having a high turnover rate. Whenever a company loses an employ before they have been with the business for six months, money is lost on the training the individual received. Because of things like this, HR software has become extremely important to keeping profit margins up.

That this into consideration, it is interpreting to learn that, according to a recent survey conducted at the 2008 Taleo World User’s Conference, 72 percent of applicant tracking systems users are unaware of the costs of on-boarding for their highest-turnover positions.

In addition to this, 43 percent said that they are not in the practice of tracking or reporting on 120-day turnover rates. Since this is the time period where losing an employ will cost the company the most money, employers are obviously not using their applicant tracking systems to the best of their abilities.

According to Shaker Consulting Group, most businesses spend $10,000 to $15,000 for each new employee they hire for an entry-level position. If the company in question losses 10 new workers in 4 months time, then it has lost approximately $100,000.

Another 86 percent of participants reported that they are not asking applicants about the experience they had while applying to their company through the Internet. This means that very few businesses have an idea of how effective their online recruiting methods are working.

Those who participated in the survey were asked to only respond in regards to their applicant tracking and 120-day turnover rates. Of these individuals 94 percent said that they do not currently include a multi-media job preview as part of the experience they create for job seekers.

All of these things considered, it is not shocking that 43 percent of respondents said that their online recruitment efforts have yet to generate a candidate experience positive enough to create referrals for them to draw from.

This survey goes to prove that, through accurately utilizing HR software company’s stand to save a great deal of money and learn better hiring techniques. Both of these things can benefit any business, especially during a time when the economy is unstable and budgets are somewhat smaller than usual.

Many People had trouble finding jobs in Washington, D.C during the month of November, according to the most recent statistics from the U.S. Department of Labor. Data shows that unemployment rose from 7.3 percent in October to 7.3 percent in November.

This is a drastic increase from the same month in 2007, when only 5.7 percent of the city’s population was without work. Aside from showing the effects the recession is having on the area, the rise in unemployment has also caused the city to have the highest joblessness rate that it has had since

Things are expected to get better for some time now, if the city’s Chief Financial Officer Natwar M. Gandhi is to be believed. According to him, unemployment will likely hit 9.8 percent some time in 2010. Many experts believe that the recession won’t be fully over until 2011, so this is possible.

Over the course of the last 12 months the industry that has seen the largest decrease in Washington, D.C. jobs is the manufacturing industry, where employment has fallen by 11.8 percent, according to the Bureau of Labor Statistics. Throughout the nation this sector has been practically bleeding jobs for some time now.

Other industries that have lost jobs are information, where employment has fallen by 1.9 percent, financial activities, with a decline of 1.7 percent, and the government sector, where there are now 0.5 percent less jobs than there were last year.

The biggest increase in Washington, D.C jobs since last year occurred in the catch-all category of “other services”, which saw a 3.3 percent growth rate. Another sector that saw significant growth was education and health services, which posted a 2.6 percent increase. This industry has remained a bright spot in employment throughout the country, mostly because many of the services it provides are necessary for life.