The key finding in CareerXroads 9th Annual Source of Hire Study: Meltdown in 2009 and What It Means for a 2010 Recovery isn’t about new hires at all. In a significant increase over 2008, Internal Transfers and Promotions were the source of 51% of ALL the F/T positions companies filled on average.

INTERNAL MOVEMENT

As the economy improves and hiring increases, this will likely be seen as an anomaly, not as a trend. Study findings on external hire sources list referrals as the number one source (26.7%). The corporate career site is in second position and accounts for nearly one-quarter (22.3%) of new hires.

2009 EXTERNAL SOURCES OF HIRE

We know there’s no lack of candidates using those career sites: 200 million candidates have applied to jobs via corporate career sites powered by Taleo's online recruitment solutions. Nearly 30% of those applicants—tracked since Taleo pioneered the online recruiting market in 1999—have applied through Taleo in the past 12 months.

Get the inside track on how career sites can be more than just a hiring portal in a webcast: Ready, Set, Go: Utilizing Technology Strategy to Increase New Hire Productivity on Thursday, March 18, 2010 at 12:00 p.m. ET / 9:00 a.m. PT.