02/14/06

Permanent Link - Source Value Index 10:56:45 pm by Alice Snell

Source Value Index

Interesting results in the 2006 DirectEmployers Association Recruiting Trends Survey conducted by Booz Allen Hamilton.

Corporate websites are working well for sourcing:
• Fifty-one percent of new hires were sourced from the Internet.
• Employer websites were the single best source of new hires in 2005, followed closely by employee referrals.

Quality and recruiting processes are improving:
• Fifty-eight percent of respondents felt that the quality of hires in 2005 had improved relative to previous years.
• Fifty-six percent of respondents agreed that recruiting technology had made the job of recruiting easier.

The Source Value Index (see below) provides an indicator of the value of a source from an investment perspective. Referrals, social networking websites, and corporate careers websites are ranked as the top three.
http://www.taleo.com/blog/images/Booz formula Taleo.JPG
As for the future, most study respondents anticipate their organization relying more heavily on their own website (74%) and employee referrals (68%) as a source of applicants in 2006.

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Taleo Blog - Talent Management Solutions

Taleo's Talent Management Solutions Blog is about developments in Talent Management - from its definition and practices - to the latest research in the field.

Alice Snell
Vice President, Taleo Research

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