uiting situation, I think it does enable productive recruiting.
As a recent example highlights, Fred Wilson from Union Square Ventures posted the following tweet on his Twitter account @ 10:00am yesterday (4/12/10)
"if you are interested in spending the next two years working at Union Square Ventures, read this post http://bit.ly/cHZVcQ"
Taking a look at the bit.ly stats today (4/13/10 @ 3:00pm) http://bit.ly/info/cHZVcQ, his tweet alone has resulted in:
1,910 clicks (total for the link 3,566 clicks) and 100 Twitter users have tweeted about it to their followers. This has all happened in one day. Given the social nature of Twitter, most users aren't going to tweet to their followers something that they don't think will add value. So, the users this tweet was shared with were likely very targeted. I've even received emails from my business school classmates about this opening.
However, the true measure of the productivity of the platform is if this tweet results in USV making an awesome hire who delivers great results. Apparently, this strategy worked for them before.
However, one area that is often not considered is being active on social media sites like Twitter also enables candidates to find employers. This mutual discovery is something I see as being very beneficial moving forward.
To be fair, Fred is definitely a power Twitter user with nearly 60,000 followers. But, I think the reason why the openings he is recruiting for have spread through the web is because he has followed a lot of the advice highlighted above.…
s (Brad Bernham), and Indeed's summer party. They posted the job opening for the analyst position on their blog. (No resumes - send us links to your web pages). Interesting concept, made the whole hiring process transparent, because everyone could see who was applying, and what they had to offer. USV just invested in Twitter. Andrew, (the new analyst) was explaining why they made the investment - he gave me about 700 reasons. I understood 2 of them.
If you want a good laugh, check out http://www.totalpicture.com/content/view/493/1/
fs. If they do proceed to layoff then the issue of JobBanks that the UAW negotiated is in place - purposely est. to make it too expensive an alternative to layoff when the Big Three are forced to pay unparalleled equity to actual employee salaries even to those downsized.
Ravi Kiran said:May be the companies should be allowed to cut costs by reducing the work force and by pruning the No of models and the government should pay the laid off employees in the form of unemployment benefits. This would definitely cost far less than the $130 bn bail out plan which will only be sufficient to give oxygen to the big 3 for few years and they will be back to the square one sooner than later! If the companies are allowed to improve efficiency, the economy might come out of recession soon and new jobs would automatically be created.
w? Who would'a thought this ...?
WSJ CAREERS JANUARY 24, 2012
No More Résumés, Say Some Firms
By RACHEL EMMA SILVERMAN
"Union Square Ventures recently posted an opening for an investment analyst.
Instead of asking for résumés, the New York venture-capital firm—which has invested in Twitter, Foursquare, Zynga and other technology companies—asked applicants to send links representing their "Web presence," such as a Twitter account or Tumblr blog. Applicants also had to submit short videos demonstrating their interest in the position..."
prepare for an economic upturn in the future.
That was the message last week at a job fair at Rutgers University that drew 200 employers and thousands of job candidates. Employers said they are still hiring, despite an alarming economic slump that several dated to last October.
Princeton-based R Square, a staffing company that places information technology professionals with companies, was at Rutgers looking for at least 50 job candidates. Sandeep Sharma, vice president of sales and marketing, said the economy slowed dramatically in October, though clients now are more responsive. �But they are getting very selective � they want more and more experienced people.�
R Square has 150 IT consultants deployed at its corporate clients, and expects to add 75 to 100 consultants this year � and the recession could actually fuel the company�s growth. �When times are bad, that is when automation and worker productivity is critical,� Sharma said. Firms will invest in new IT systems to cut expenses, �and you can�t do that without having IT staff.�
Curtis Pollard was recruiting for Affinity Federal Credit Union of Bernards� Basking Ridge section, which has $2.5 billion assets, 20 branches in New Jersey and 414 employees. Pollard said the company had been bracing for a worker shortage, but the economic downturn kept baby boomers, expected to retire, at the office.
�Now, basically, there is an influx of talent in the marketplace, and we are really reaping the benefits as far as talent acquisition goes,� Pollard said. He has jobs to fill in the IT, accounting and teller ranks, and he�s always in recruiting mode: �If we don�t have a [vacant] position today, we�ll have one tomorrow.�
Kristin Juliano is a recruiter for Edison-based Joule Scientific, a staffing company looking for chemists and biologists to place in pharmaceutical, biotech and chemical companies. Some companies are laying off scientists, others are hiring them, and Juliano was hoping to collect at least 100 resumes.
In the past two months, Juliano has seen workers laid off by smaller companies that have closed down, been sold or relocated. �There is a slowdown right now and we�re working through it. I�m hoping things will turn up in the new year.�
Vince Doucette, staffing manager of Massachusetts-based Clean Harbors Environmental Services, also was looking for biology and chemistry grads. The company, which operates in 35 states and has New Jersey locations in Newark and Edison, disposes of manufacturing chemical waste, and Doucette said he�s seen some evidence of the economic slowdown.
�The economy is affecting us, because we handle manufacturing waste � and if people don�t produce products they don�t produce waste,� he said. But companies still must dispose of their waste chemicals on a regular basis, so his firm is still busy picking up chemical waste, even if the quantities are smaller.
Guide Publications, of Long Branch, publishes Job Guide, a free newspaper that advertises openings. Brian Shapiro, sales manager, said business fell off in November, but he was at Rutgers to bolster his sales staff. �To bring in more sales, we needs salespeople to make connections,� Shapiro said.
Even if employers won�t be ready to advertise jobs for a couple of months, �we need salespeople to make the calls and talk to people. Right now, we�re planning for the future.�
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