What Can 2007 Hires Tell You About 2008 Hiring Trends?

CareerXroads releases its 7th Annual Sources of Hire Study, a snapshot of how large, highly-competitive, high-profile firms maintain and track their SOH data. Why is this important? Monitoring the sources of actual hires tells companies where to dedicate their hiring resources and tells job seekers where to direct their efforts.

Who completed the survey?

- 49 firms completed the CareerXroads Source of Hire survey and met our requirements.

- These firms have 1,010,000 employees; and,
Their staffing functions filled 303,000 openings during 2007.

- They represent a cross-section of highly recognizable retail, technology, transportation, manufacturing, pharmaceutical and finance firms.

What did the data reveal? A few highlights of the findings:

30% of open positions were filled by internal movement ñ companies are investing more in employees and offering more opportunities for career development.

It pays to know someone. 28% of all external hires were made based on referrals.

Hires attributed to Job Boards (including the Company site as a job board) represent 25% of external hires. Guess how many hires were made from traditional print sources? Less than 5%.

Survey author and CareerXroads co-founder Gerry Crispin notes, ìThe competition for top talent has never been fiercer and 2008 may be a watershed. Our annual survey reveals what sources have successfully hired people ñ that information is likely to be more critical as we enter 2008.î

For a detailed breakdown of all hiring sources and opinions of how these trends could influence 2008 hiring activities, read the full report at: