The CareerXRoads Source of Hire 2013 survey data was recently released, and contains insight that should be of interest to all talent acquisition professionals. There are several actionable facts from this survey that recruiters should know about – here are a few standout findings:
The No. 1 Source of Hire is Internal
To answer the question raised by the survey's title, it found 41.9 percent of all openings in 2013 were filled through internal promotions or lateral moves. While most recruiters reported they are involved in internal hiring decisions as well, this presents a separate set of tasks and challenges. In external recruiting, sourcing through social media seems to be key, as the next fact shows.
Use of Sourcing Professionals and the Role of Social Media
Of the companies surveyed, 60.5 percent employ a separate full-time group of employees within the talent acquisition department to work solely on sourcing candidates. Thirty percent of companies leave this task to full life cycle recruiters to accomplish as needed, and the rest purchase their sourcing through outsourcing or contracts.
Social media is often the subject of conversations in the sourcing space, and CareerXRoads wanted to see what role it really played in hiring in 2013. In entry-professional positions, most respondents said it played a growing role, while experienced professional and management executive hires depended on social media to a significant degree. The only category of hire that was unlikely to be effected by social media was hourly employees. LinkedIn in particular was seen as a critical sourcing tool by respondents among social media platforms, particularly for those job categories where social media stood out as a sourcing tactic.
Use of Job Boards and Resume Databases
CareerXRoads found only 4 percent of recruiters do not use job boards or access resumes. Fifty percent said job board hires are usually people who respond to posted jobs rather than people whose resumes recruiters sought out in a database, and 14 percent reported hires from posted jobs were a bit more common than those found in a resume database. There is a significant minority of responses that indicate resume databases do play a role in hiring, but this strategy is behind job board postings by the numbers. This indicates talent acquisition professionals may want to focus more on job postings rather than on searching resumes to find the perfect hire, though sourcing in that way can also be successful.
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