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Asia Pacific Companies Lag Behind in Web Recruiting
Taleo Research discovers opportunities for top listed companies in Hong Kong, Singapore and Australia to improve effectiveness of e-recruitment
Dublin, CA - September 24, 2007 - Taleo Corporation (NASDAQ: TLEO), the leading provider of talent management solutions, has found top publicly-listed companies in Hong Kong, Singapore and Australia are not maximising technology use in their corporate careers sites, failing to effectively capture talent through web recruiting.
Taleo’s research division analysed the corporate career websites of the top companies listed on Hong Kong’s Hang Seng Index (HSI), Singapore’s Straits Times Index (STI), and Australia’s S&P/ASX 50 index. The sites were researched on whether they had a careers section, if applicants could submit a CV through the careers site, or whether a full online application form was available, enabling the company to effectively capture applicant data.
The findings, published in the white paper Career Site Recruiting in Asia Pacific: Gains to be Made, revealed that while a majority of the companies did have a careers section on their sites, only 19 percent of the Hong Kong companies and 38 percent of the Singaporean companies have a full online application system on their careers page. This means four out of five of the Hong Kong companies and two out of three of the Singaporean companies have recruitment processes that are labour-intensive, requiring staff to manually review each CV to assess a candidate’s suitability.
“Online application systems that allow employers to gain consistent information about every candidate enable automatic pre-screening of those that are not qualified,” commented Alice Snell, vice president of Taleo Research. “Best practice systems incorporate automated skills-based matching of applicants to roles, streamline recruitment processes, and offer talent pool management – improving the speed and effectiveness of recruitment processes.”
The study found that the use of online application systems among Australia’s top listed companies was higher, with 72 percent of top Australian companies using the systems on their careers pages.
While top Australian companies may be ahead of their Asian counterparts in their use of corporate careers websites as a talent-sourcing tool, the research states that Australian companies need to make better use of web 2.0 features to remain competitive in attracting talent. Top companies not only need to use systems that streamline their recruitment processes behind the career sites, they also need to look at more effective careers sites to attract and engage talent. Web-savvy candidates have high expectations of corporate websites, and want sites to be easy to navigate and personalised to their job hunting needs.
“Intense competition in the current skills shortage is forcing top Asia Pacific companies, particularly Australian companies, to raise the bar when it comes to attracting and recruiting talent. Today’s recruitment market is global, and organisations need to capitalise on best practices in web recruiting to be able to compete effectively for talent. Companies’ careers sites should include features that improve candidate experience, as well as aid efficiency in the recruitment process. Faster response and a better candidate experience help to attract and engage talent, ensuring organisations capture quality candidates before their competitors,” Ms Snell concludes.
About Taleo
Taleo (NASDAQ: TLEO) is the leader in on demand, web-based talent management solutions that empower organizations of all sizes, around the world to assess, acquire, develop and align their workforce for improved business performance. More than 1,200 organizations use Taleo, including 33 of the Fortune 100, for talent acquisition and performance management, with over 1,080,000 users processing 66 million candidates from over 100 countries. Requiring no capital investment, Taleo’s software as a service and on demand delivery offers 99.9% availability.
Forward-looking Statements
This release contains forward-looking statements, including statements regarding the demand for Taleo’s solutions, results from use of Taleo’s solutions and general business conditions. Any forward-looking statements contained in this press release are based upon Taleo's historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Taleo's expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and Taleo disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Further information on potential factors that could affect actual results is included in Item 1A of Taleo’s Annual Report on Form 10-K, as filed with the SEC on March 16, 2007, in Item 1A of Taleo’s Quarterly Report on Form 10-Q, as filed with the SEC on August 9, 2007, and in other reports filed by Taleo with the SEC.
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