After the housing bubble burst in 2007, banks were required to make several changes to address the needs of their customers. One major initiative that stemmed from this crisis was the single point of contact (SPOC) regulatory requirement, announced in 2011. The SPOC required banks to provide any borrower seeking to avoid foreclosure a one-on-one relationship with the organization. In response, banks were forced to make significant hires. To make matters more difficult, prior to 2011, there wasn't a defined career path or pre-existing role that fit the qualifications required for these positions, making them extremely hard to fill.
One example you may remember is Chase's announcement that it would hire 1,000 employees to its mortgage-servicing business in Ohio. Recruiting 1,000 new employees is a difficult task, however, finding financial services talent in Central Ohio made the task doubly difficult. This was no easy task, however challenges like Chase's have become commonplace in recent years.
Chances are, if you work in financial services, information technology, or manufacturing, you've been faced with a similar hiring challenge – perhaps you're in the midst of one right now. But while hiring under these circumstances can be a headache, there are a few tactics your team can employ to streamline your process and achieve success:... read more
Niche, in a business sense, refers to a “specialized market.” I like to think of sourcing in a niche market as finding a purple squirrel for every job opening. It’s like starting with your back against the wall every time – and it’s hard. Before you feel overwhelmed and frustrated, here are some tips.
Become An Expert
The first step in sourcing in a niche market is to become an expert. Research everything, learn everything, KNOW everything. Become one with your niche. Now this part is crucial: create a sourcing map. This map will list every competitor, niche job board, community, conference, allegiance, Meetup group, personal connection, connection of connections, LinkedIn group, Facebook group, Twitter list, and every-single source that could possibly assist your recruiting effort in any way. Save that list. Study that list. Know where these people come from, what they do, how they do it, and who they do it with. I repeat, become one with your niche.... read more
There seems to be no end in sight for the severe worker shortage being faced in the manufacturing industry. According to CareerBuilder’s Supply and Demand Portal data, job growth in manufacturing has increased 89 percent from September 2010 to August, 2012 – an increase of nearly 70,000 jobs. And of those jobs, the five most difficult types to fill, based on supply over demand, were:
- CNC programmers
- Tool and die makers
- CNC machinists
- CAD/CAM technicians
- Engineers & sales engineers
With highly specialized needs like CAD design, modern production management, and tools fabrication, how can manufacturers find the right employees to fill these openings? We pulled together a well-rounded list of tactics to differentiate your company in a small, hypercompetitive recruitment environment.... read more
Location is a challenge for any recruiter. Whether a crowded market like Silicon Valley’s tech scene is driving a skills shortage, or the location isn’t in a desirable enough area to attract top talent, recruiters (and employers) need to get creative to overcome the challenges that their locale presents.
A sourcer can certainly use location as a qualifier in Boolean search – it’s a variable that they have almost complete control over while inputting fields into resume databases or posting jobs. The applicant pool can be whittled down to anything from a state-wide to zip code-specific group. This helps target people who live close and most likely consider the commute acceptable, but it also excludes a good amount of talent. If job location seems to be an obstacle in your talent acquisition, fear not. There are a few simple sourcing employer brand marketing tactics to help bring applicants from far and wide (or close and near).... read more