Coming to the point, the process of recruiting developed by companies over the years did give good results most of the time but at a very high cost.. MONEY in the corporate sector is directly proportional to the TIME invested on a task, in this case Recruiting people.

The obvious choice was to rope in the Internet and use it to completely revolutionizes the concept of recruiting human resource, by reducing recruitment cycle time & cost.
They called it HR-Benchmarking .

HR professions are moving ahead with times and have warmed up to Internet tools to ease out the recruiting process. A survey conducted by the Society for Human Resource Management (SHRM), reveals the popularity of e-hiring methods.

The survey indicated that nearly half the employers normally receive resumes that are delivered electronically. The HR departments of large organisations expect to see this number increase over the next year.

A quarter of all organisations are using electronic methods to scan and store resume details in a database. Some organisations then prefer to run searches on the database to retrieve resumes that match their criteria. Unsolicited resumes are a common occurrence. They are normally kept on hold or filed away for further reference, instead of being trashed. Only a tenth of all unwanted resumes are discarded.

With resumes come cover letters. The quality of cover letters and resumes was good on the whole, and a small number were also rated as excellent. Most employers admit to discarding the resumes of candidates that have grammatical or typographical errors.

The majority of employers prefer to speed-read resumes, taking about three minutes to scan a copy and half of them prefer it to be only one page long.

Dependence on newspapers is passé as resumes can be got instantly. Recruiters will now spend less on newspapers and recruiting consultancies, and online recruitment worldwide is predicted to grow to $7.1 Billion by the year 2005. Recruiters also prefer to advertise on national and niche career sites. In relation to this, employers look for a career site that has a lot of traffic flowing into it.

With employers preferring to integrate new-end technologies to make the recruiting process effective, a look at the current trends will give you a fair idea of what the other are doing to manage their recruitment business.

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