London, UK - 3 April 2008 - Almost half of UK job-seekers will turn to the Internet when applying for positions, according to a new survey from Taleo, the leading provider of on demand talent management solutions (NASDAQ: TLEO).
The survey, conducted by Taleo Research, showed that 43% of workers used online tools, such as applying online or sending a CV by email, to apply for their most recent job. Described by Taleo as “Internet Identifiers,” the survey found this group leading the way in how today’s workers prefer to apply for jobs.
According to the study, job-seekers can be broken down into three main groups, based on how they apply for jobs:
· Internet Identifiers (43%) – Internet savvy job-seekers who actively hunt for jobs by applying online, sending their CV via email to prospects or signing up to an online job board or business networking website
· Hands Off Hunters (38%) – traditional job-seekers who rely on head hunters, recruitment agencies and personal contacts to find new jobs
· Traditional Targeters (19%) – more traditional job-seekers, who prefer to actively apply for jobs through the post
The Taleo study interviewed 120 employees of working age from a range of sectors including business, public services, sales and marketing, media, retail, tourism, IT and skilled trades people, asking them about their job application habits. Other key findings indicate:
· Speed is key – Over half (53%) of respondents who applied for their current or most recent job using online facilities preferred these methods due to the fast response time. Other important factors favouring online job searching included it being less time consuming (24%) and the ability to apply for many jobs at one time (13%).
· Word of mouth – Word of mouth is still the most common means for hearing about jobs with nearly a third (27%) hearing about their current or most recent job through “the grapevine.” Using recruitment agencies was also a common method, with 19% of employers hearing about their jobs via an agency
· Online hunting – Almost half (48%) of generation ‘Y’ (16-30 year olds) were classed as “Internet Identifiers” when applying for positions.
· Call a friend – Experienced job-seekers (46-65 year olds) were the most significant users of personal contacts and referrals in order to get jobs, with 11% using this method.
“Online search and application techniques are now the most prevalent methods with both active and passive candidates, which suggests that candidates are proactively taking charge of their search for employment,” said Neil Hudspith, SVP, International, for Taleo. “Increasingly we are seeing more candidates applying for positions through company websites. This also has the benefit of enabling candidates to become part of a company’s ongoing searchable talent pool, even if their initial application is not successful.”
Hudspith continued, “With the recent popularity of social networking sites such as Facebook, and the increased growth of business social networking sites such as Jobster or LinkedIn, this dynamic is set to change even further. Business networking sites will become a valuable way of sourcing passive candidates that companies find difficult to reach today.”
Online recruitment allows organisations to manage their talent pools and recruitment process more effectively. According to the Chartered Institute of Personnel and Development (CIPD), 71% of companies using the Internet to recruit do so to reduce recruitment costs, while 41% use it to increase the speed of hiring (CIPD 2007).
However, a recent white paper by Taleo Research, ‘Career Site Recruiting in the FTSE 100 Companies: A Missed Opportunity’, showed that just under half (49 per cent) of FTSE 100 companies still rely on emailed or physical CV’s as the basis of their process.
“The prevalence of online recruitment shows that there is now little competitive edge in merely having a career section on your website,” said Hudspith. “Companies need a fast, candidate-friendly online hiring process to gain an advantage over competitors. Clearly, this is still an area of improvement for many companies.”
NOTES TO EDITORS:
The study is based on interviews, undertaken at the end of 2007, with 120 employees of working age from a range of sectors including; business, public services, sales and marketing, media, retail, tourism, IT and skilled trades people. Interviewees were asked about their job application habits.
Taleo (NASDAQ: TLEO) is the leader in on demand unified 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 1,500 organizations use Taleo, including 37 of the Fortune 100, for talent acquisition and performance management, with over 1 million users hiring 3.2 million employees from 78 million candidates in more than 190 countries and territories. Known for its strong configurability and usability, Taleo’s talent management platform runs on a world-class infrastructure and offers 99.9% availability.
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 Part I, Item 1A of Taleo’s Annual Report on Form 10-K, as filed with the SEC on March 14, 2008.
For further information please contact:
James Warnette / Lorna Thompson
Taleo Press Office
Tel: +44 (0) 8453 700 655
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