Freelancers might be concerned to hear that the volume of candidates is slowing down the recruitment process, according to the KellyOGC Global RPO Report 2010.
54% of the 536 recruiters surveyed said that although there is a high level of unemployment, the lack of quality candidates is causing them problems.
A lot of companies are under the illusion that it should be easy to find high calibre employees. However, the sheer volume of applications means they do not have the time or resources to review and screen them effectively, meaning quality candidates can slip through the net.
Unemployment is hovering at around 9.5% and a lot of executive search firms are now relying on their own database, as well as networking, to avoid unqualified responses to public job postings.
A recent survey found that only about 22% of positions offering a salary of $200,000 or more are advertised on job boards or websites. Results of another survey showed that 92% of 168 executive recruiters think there is a hidden market for opportunities at executive level.
Mark Anderson of ExecuNet said that with the majority of executive vacancies hidden, the chances of landing one by responding to advertisments is not good.
Networking is increasingly coming into fore as a way of finding suitably qualified candidates and is the top source (44%) used by recruiters. 21% rely on their internal database and another 14% rely on research.
If you are looking for an executive position, the strength of your network will directly impact on the amount of time you spend job hunting, said Anderson.
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