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KENNEDY
INFORMATION’S
Recruiting Newswire for June 16, 2003
From the Editors of Kennedy Information
Proxy
Data Show Early Signs of Slowdown in Executive Pay
Executive
Recruiter News reports that 2003 U.S. corporate proxy data reveal a
slowing in the upward spiral of executive pay, suggesting that companies
are responding to unprecedented market, regulatory and investor pressures.
Many companies are now beginning to target a lower competitive posture,
aiming to pay senior executives at the 50th to 65th percentile for executive
pay in their market and industry categories, as opposed to the 75th percentile
or higher. "We believe the data suggest the first signs of an anticipated
slowdown in executive pay," says Gary Locke of Towers Perrin, the global
management and Human Resource consulting and administration firm that conducted
the study.
Employee Turnover Rates Continue to Fall
Recruiting
Trends reports that employee attrition fell off considerably in 2002,
extending a downward trend that began in late 2000, according to a quarterly
survey conducted by BNA, Inc., the parent company of Recruiting Trends publisher
Kennedy Information Inc. Median rates of permanent separation (excluding
departures of temporary staff, reductions-in-force, and layoffs) averaged
just 1.0% of employers' workforces per month last year, down from 1.1% in
2001 and much lower than in 2000 (1.3%), when the economy and job market
were much stronger. The BNA survey also finds that while all major industry
sectors have experienced recent declines in employee departures, the trend
has been most pronounced among non-manufacturing businesses.
The Home Depot, Microsoft, Southwest Airlines,
Ritz-Carlton, Others to Share Recruiting Secrets
Recruiting executives from some of America's most successful recruiting
organizations will share their stories about the challenges they've faced
and the lessons they've learned at The
Recruiting 2003 Conference & Expo, Nov. 20-21, 2003, at the Javits
Convention Center in New York City. Organizations including Oxford Healthcare,
Corning, AT&T, and The United Nations will share their recruiting case
studies. Register
early and save $200, plus receive a complimentary 12-month subscription
to Recruiting Trends.
Consulting Firm Warns About Coming Talent Shortage
In the United States today, someone turns age 50 every eight seconds. That's
almost 11,000 baby boomers a day reaching an important life milestone, and
moving one step closer to retirement. Consulting
Magazine reports that global consulting firm Watson Wyatt has established
its Workforce Planning practice to help clients deal with critical long-term
recruiting and staffing challenges facing their organizations. Many of those
issues, the firm suggests, will be framed by demographic shifts in the population
and the workplace, which, in some industries, will begin revealing themselves
in the form of talent shortages in the very near future.
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Top Cost-Control Strategies Being Pursued by HR Professionals
Taking on more responsibilities, streamlining processes and renegotiating
vendor contracts rank as the three most utilized strategies HR professionals
are pursuing to deliver the same or better services in a time of broad budget
cuts. HRfocus reports
that HR professionals are also pursuing other cost-cutting initiatives,
such as relying more on the Internet for recruitment and hiring; and automating
HR functions via intranets or the web. The study also found some organizations
moving traditional HR functions to line managers, outsourcing one or several
HR functions, and benchmarking HR costs against those of competitors.
Recruiters Gain From Enhanced Visibility
Executive recruiters whose firms are profiled in The
Directory of Executive Recruiters 2004: Corporate Edition, will, for
the first time since the annual directory was first published 32 years ago,
have a new low-cost option of choosing an Enhanced Listing to highlight
their firm's profile data. In addition, display advertising rates have been
rolled back to reflect cost savings of between $100 and $1,500. For more
information, contact Carolyn Edwards at Kennedy Information at 603-924-0900,
ext. 612.
6 Key Steps to Building the Best e-Recruitment
& Tracking System
More needle, less haystack. What corporate recruiters want today, and sometimes
can't get, is a processing system that reaches the widest possible audience
of job applicants, and returns only those high-potential candidates whose
experience almost perfectly matches the job opportunity. IOMA's
Human Resource Management Report, citing PeopleScout president Denise
Foy, suggests there are six key steps to avoid resume crush and recruitment
technology meltdowns. Quickly assessing a candidate's qualifications and
controlling the administration of low-impact, day-to-day recruitment activities
rank among them.
Send RecruitingNewswire to a colleague, or have them sign up for their own
free
copy
Send RecruitingNewswire
to a colleague, or have them sign up for their own free copy at www.KennedyInfo.com/hr/hrindex.html
Copyright 2003 Kennedy
Information, Inc. RecruitingNewswire ISSN 1535-6205. This free weekly
news and information service is brought to
you by Kennedy Information
www.KennedyInfo.com
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