In case you missed it: June 15
Before you leave the office to start your Father’s Day weekend, take a minute to catch up on the workforce, hiring, and recruiting news that you might have missed this week.
HRO Today: Contingent Labor Checkup
According to Aberdeen Group analyst Chris Dwyer, nearly 26 percent of the average workforce is now considered contingent, temporary, or contract labor. In light of this increased use of temporary talent, HRO Today editor Debbie Bolla discusses the importance of screening contingent labor since it’s equally risky to employ a temporary worker as it is a full-time employee. Bolla recounts four of the best screening practices that companies should follow to mitigate risk. They include using an automated employment screening system to streamline the process and considering a vendor to manage it.
Effectively gauging how new hires will fit in with the company culture is important. Alex Churchill, CEO of a digital entertainment recruiting company, suggests adopting an acquisition strategy similar to that of rock bands, which place cultural fit and values before ability. He believes that employees must hold similar values in order to come together as a team and therefore places emphasis on how potential candidates perform on values tests.
The Wall Street Journal: Seeking Software Fix for Job-Search Game
In 2011, human resources and recruitment companies (including firms that build recruiting software) raised $226 million in funding, compared to $83 million in 2010. Lauren Weber reports that the significant jump in VC activity in this sector can be attributed to the race to create tools, software, and apps that improve current web-based job hunting tools.
And finally, this week we released the Yoh Index of Technology Wages, which reports on wages for temporary technology professionals. In Q1, wages declined for temporary tech professionals. Certain sectors and geographies, however, showed growth. I encourage you to read my colleague Joel Capperella’s blog post for a rundown of the results and an explanation of what the Index indicates for the job market as a whole. Or take a look at the press release for the full report.