ILogos Study Shows Majority of Global 500 Companies Recruit on the Careers Web Site
Leading Global 500 companies understand the power of the Internet as a channel to attract candidates and are expected to adopt more advanced back-end technologies to optimize the human capital management process
San Francisco, CA – April 8, 2002 –
iLogos Research (www.ilogos.com), the leading research and consulting firm covering online human capital management (HCM) trends and best practice methodologies, announced today the results of its annual Global 500 Web Site Recruiting Survey. Based on the five-year trend, Global 500 companies consider the corporate Web site a vital component for an organization’s overall recruiting effort. The complimentary study may be downloaded at www.ilogos.com/iLogosReport2002/. iLogos Research is a division of Recruitsoft, Inc., the leading provider of staffing management solutions. iLogos has been providing primary data and analysis about the adoption of corporate Web site recruiting since 1997.
“The utilization of the Corporate Careers Web site represents the first wave of innovation and, today, 91 percent of Global 500 companies are using the Corporate Web site for recruiting purposes. Based on our recent analysis of Fortune 500 companies, the next wave of innovation and competitive advantage has already begun,” said Founder and President of iLogos, Yves Lermusiaux. “Today, many companies in North America are already using robust staffing automation software, with sophisticated back-ends that integrate with the Career Web site – the front-end – to manage the staffing supply chain for necessary functions such as pre-screening.”
He added, “Integrated solutions work to streamline the staffing process completely and we expect an acceleration of the use of integrated solutions by the Global 500, reaching the early majority by next year.”
Key Findings of the Global 500
This year’s study shows the gap is narrowing between the North American-based Global 500 companies using Careers Web site recruiting and those in the European and Asia-Pacific regions, with only five percentage points separating the lowest, Asia Pacific, from the highest, North America.
Asia Pacific: Global 500 companies using corporate Web sites for recruiting in 2002 represent 90 percent of companies headquartered in Asia Pacific, which compares to 88 percent in 2001 and just 68 percent in 2000.
Europe: Global 500 companies using corporate Web sites for recruiting in 2002 represent 92 percent of European-based companies, which compares to 83 percent in 2001 and 73 percent in 2000.
North America: Global 500 companies using corporate Web sites for recruiting in 2002 represent 95 percent of North American-based companies, which compares to 93 percent in 2001 and 92 percent in 2000.
By Industry
With the exception of Transportation and Healthcare, all sectors have experienced growth in the adoption rate of corporate Web site recruiting.
Global 500 corporations using corporate Web sites for recruiting in 2002 represent:
- 100% of companies in the Healthcare sector, which is unchanged from 2001.
- 98% of companies in the Manufacturing sector, an increase of one percentage point.
- 95% of companies in the High Tech sector, an increase of six percentage points.
- 92% of companies in the Consumer sector, an increase of five percentage points.
- 92% of companies in the Transportation sector, a decrease of four percentage points.
- 91% of companies in the Wholesale sector, an increase of nine percentage points.
- 88% of companies in the Natural Resources sector, an increase of five percentage points.
- 87% of companies in the Financial sector, an increase of five percentage points.
- 84% of companies in the Utilities sector, an increase of five percentage points.
Editor’s Note: The report may be downloaded at www.ilogos.com/iLogosReport2002/ and is based on a survey of the corporate Web sites and Careers Web sites of Global 500 companies. The lists of Global 500 and Fortune 500 companies are from Fortune Magazine and represent the largest companies in the world based on gross revenue.
About iLogos Research
iLogos Research analyzes best practices and innovative information technologies to provide intelligence, strategies and results-based consulting for large corporations, to optimize human capital assets. The research-driven consulting practice produces primary data on industry trends, impact of new technologies, best practice methodologies and benchmarking to provide fundamental metrics and recommend intelligence-based actions. Published reports and studies include Trends in the Fortune 500 Careers Web Site Recruiting; Best Practices for European 500 Career Web Site Recruiting; Perception vs. Reality: Jobseeker Behavior Online; Best Practices for Fortune 500 Career Web Site Recruiting; Global 500 Web Site Recruiting Surveys; Lessons from the Global 500, 1999; and Achieving Results with Internet Recruiting, 1998. Founded in 1997 as iLogos Internet Intelligence, iLogos Research today is recognized as the most rigorous source of data for human capital Internet-related issues.
iLogos Research (www.ilogos.com) is the independent research and consulting division of Recruitsoft. Recruitsoft is the leading provider of online staffing management solutions for Global 1000 companies.
About Recruitsoft
Recruitsoft powers enterprise-wide staffing management for leading companies across many industries. Among Recruitsoft clients are Hewlett-Packard, Dow Chemical, The Gillette Company, Hyatt Hotels, Air Canada, Bank of Montreal, Nokia, Thompson Holdings, Deloitte & Touche, Canadian Tire, TELUS, Bombardier, MetLife and UnitedHealth Group. Recruitsoft provides a complete solution for staffing management, including the software, services, and computing infrastructure to enable HR departments to rapidly improve staffing processes. Recruitsoft is considered to be the best-practice solutions provider for staffing management, based on its proprietary ACE Staffing™ methodology, designed in collaboration with large corporations to improve corporate staffing processes, from entry to redeployment.
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