{"id":665,"date":"2007-01-29T01:00:07","date_gmt":"2007-01-29T09:00:07","guid":{"rendered":"https:\/\/systematichr.com\/?p=665"},"modified":"2007-01-29T01:00:07","modified_gmt":"2007-01-29T09:00:07","slug":"recruiting-recruiters-as-a-leading-economic-indicator","status":"publish","type":"post","link":"https:\/\/systematichr.com\/?p=665","title":{"rendered":"Recruiting Recruiters as a Leading Economic Indicator"},"content":{"rendered":"

There was some serious conversation at the Talent UnConference (TalUnCon) hosted by Electronic Arts on January 25.\u00a0 Specifically, the Talent Planning<\/a> sessions focused on understanding economic indicators as it applied to workforce planning.\u00a0 However, a very interesting though came up when we turned the conversation around and discussed recruiting as an economic indicator instead.\u00a0 This is an almost obvious indicator to both future workforce needs and the normal business cycle.\u00a0 ((From the Talent UnConference, January 25, 2007.\u00a0 Ideas expressed in this post may be directly attributed to the TalUnCon or might have been triggered by a discussion there.))<\/p>\n

After a serious decline in 2000 and 2001, beginning in 2002 there was a marked increase in the recruiting of recruiters.\u00a0 Clearly, when the recruiting of recruiters increases, there is an expectation that organizations are starting to build their pipelines.\u00a0 Even when other economic indicators might be saying that the economy is still stagnating or is in negative growth (recession), the odd are that projected increases in staffing by organizations are a positive indicator.\u00a0 Since Dave Lefkow (of the Electronic Recruiting Exchange<\/a>) was there, it was fairly easy to see the ties in increases in job ads on ERE\u2019s recruiter job boards and the positive trending of the business cycle at that time.<\/p>\n

Additionally, the types of recruiters being recruited also gives us some insight into the trends appearing in the industry.\u00a0 Learning what requisitions are out there (for recruiters) tells you what industries, regions, and businesses are prepping for expansion well before that expansion happens.\u00a0 For example, if the mortgage industry starts hiring lots of recruiters again in 2008, you can bet that they are projecting favorable housing rates and markets 6 months down the line.\u00a0 If technical recruiters are all sitting around with nothing to do, perhaps the tech sector is due for a rough patch.<\/p>\n

Later in the event, David Manaster was kind enough to share some statistics from ERE\u2019s job board volumes.\u00a0 While the numbers were stripped out, there seemed to be a significant decrease in the volume of recruiters being recruited in the last quarter of 2006.\u00a0 I didn\u2019t mention this during the session while David had the graph up on the screen, but I\u2019m not about to call a downward trend in the economy just because posting for recruiters on ERE were down last quarter.\u00a0 It appeared to me that there was a quarterly cycle \u2013 possibly where postings were generated early in a quarter for the entire quarter.\u00a0 In other words, there were 4 spikes per year.\u00a0 The graph also showed that the last trough of each year was the most substantial.\u00a0 This is mysterious to me since you would think that recruiters are most desired for the January hiring rush, but perhaps recruiters need more time to ramp up, and thus recruiters are needed in Q3 and not Q4.\u00a0 At any rate, serious trough or not, I didn\u2019t see a downward trend from the quick glance.<\/p>\n

Lastly, talking about recruiting recruiters, sorry about the redundant redundancy in this post.<\/p>\n","protected":false},"excerpt":{"rendered":"

There was some serious conversation at the Talent UnConference (TalUnCon) hosted by Electronic Arts on January 25.\u00a0 Specifically, the Talent Planning sessions focused on understanding economic indicators as it applied to workforce planning.\u00a0 However, a very interesting though came up…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[15,16],"tags":[],"class_list":["post-665","post","type-post","status-publish","format-standard","hentry","category-talent-acquisition","category-workforce-planning"],"_links":{"self":[{"href":"https:\/\/systematichr.com\/index.php?rest_route=\/wp\/v2\/posts\/665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/systematichr.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/systematichr.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/systematichr.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/systematichr.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=665"}],"version-history":[{"count":0,"href":"https:\/\/systematichr.com\/index.php?rest_route=\/wp\/v2\/posts\/665\/revisions"}],"wp:attachment":[{"href":"https:\/\/systematichr.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/systematichr.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/systematichr.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}