iLogos Study Shows Majority of Global 500 Companies Recruit on the Careers Website
Study shows six-year trend and reports that in 2003, 94 percent use Careers website recruiting, which suggests Internet is the accepted medium through which to attract talent around the world
San Francisco, CA – May 8, 2003 –
iLogos Research (www.ilogos.com), the leading provider of staffing economics research and benchmarking, today released Global 500 Website Recruiting, 2003 Survey, which examines the use of corporate website recruiting as an important component of the staffing process for the world’s 500 largest companies. The study reports that growth in corporate Careers website recruiting remains strong and evaluates geographic and industry specific trends. This study is a continuation of ongoing research conducted annually since 1998 by iLogos Research. The report can be downloaded at www.ilogos.com/en/ilogosreports/iLogosReport2003. iLogos Research is an independent division of Recruitsoft, Inc., the leading provider of enterprise staffing solutions for large organizations.
“Today, 94 percent of the world’s largest organizations have corporate Careers websites. What is remarkable about the results in this study, is that the change between 2002 and 2003 in adoption rate coincides with that of 2001 and 2002, at three percentage points,” stated iLogos Founder & President Yves Lermusiaux.
“With this latest report, we can see how corporate Careers website recruiting fosters the conditions for a truly global workforce. As a medium without geographical borders or limitations, the Internet allows a global company to disseminate its human capital needs to the broadest audience possible,” added Lermusiaux. “The right online talent pool techniques and processes enable corporations to bridge the gap between demand and supply of skilled labor and reduce friction. The visibility and access to jobs around the world will be an additional stimulant for labor migration and a means for corporations to look at their employees, processes and metrics from a global perspective.”
The Trend of a Truly Global Workforce
The Global 500 with corporate Careers websites in 2003 represent 94 percent of European-based companies, 96 percent of Asia-Pacific-based companies and 96 percent of North American-based companies. The near total adoption of corporate website recruiting by the Global 500 indicates the Internet is the accepted medium to attract new talent. With similar practices occuring around the world, website recruiting may be an enabler of a global workforce. The acceleration of regional economic integration in the past two decades has had a profound effect on the global flow of human capital. For instance, the European Union has been a zone of free movement for EU nationals since 1998, and increased industrialization in Southeast Asia has also led to rising levels of migration of skilled talent.
Global 500 Website Recruiting Survey Key Findings:
By Region. This year’s study continues to show Careers website adoption increases by each region. North American and Asia-Pacific regions were found to be two percentage points higher than Europe. The Asia-Pacific region experienced the largest annual growth in adoption of the corporate Careers website.
- North America—96% in 2003, an annual increase of one percentage point.
- Asia-Pacific—96% in 2003, an annual increase of six percentage points.
- Europe—94% in 2003, an annual increase of two percentage points.
By Industry. The complete complimentary report also includes the 2003 Careers website adoption rates by industry, including Healthcare, Transportation, Wholesale, Manufacturing, Consumer, High Tech, Natural Resources, Utilities and Financial companies. Some of the significant increases from 2002 to 2003 include:
- 100% of Wholesale companies in 2003, which represents an annual increase of nine percentage points.
- 100% of Transportation companies in 2003, which represents an annual increase of eight percentage points.
- 91% of Utilities companies in 2003, which represents an annual increase of seven percentage points.
- 97% of Consumer companies in 2003, which represents annual increase of five percentage points.
- 90% of Financial companies in 2003, which represents an annual increase of three percentage points.
“In an increasingly global economy, companies that integrate powerful staffing technologies with the right processes and structured centralized databases will streamline enterprise recruiting and staffing processes, globally, and will therefore be well positioned to meet the challenges of global recruiting, which include such complex issues as language, localization, privacy, diversity and accessibility,” added Lermusiaux.
Editor’s Note: More details on the six-year trend can be found in the complete report. 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. Annually, there is some rotation of companies included in the Global 500.
About iLogos Research
iLogos Research benchmarks staffing best practices and analyzes the economics of talent flow optimization. iLogos serves major corporations throughout the world with business analytics that tie staffing technology and process improvements to reduced costs and improved bottom-line financial results. iLogos and its analysts are highly regarded speakers and authors, and are quoted extensively in leading media worldwide including Investors Business Daily, Harvard Business Review, BusinessWeek, The Wall Street Journal, The Financial Times, and Human Resource Executive. Founded in 1997 as iLogos Internet Intelligence, iLogos Research (www.ilogos.com) is the independent strategic staffing research and human capital metrics consulting division of Recruitsoft. Published reports and studies include: Value Creation Through Corporate Careers Websites, Economics of Candidate Relationship Databases, Where The Jobs Are; Trends in Fortune 500 Careers Web Site Recruiting, Best Practices for Careers Web Site Recruiting for the Fortune 500, European 500, Canadian 100, and CAC40 (France), Perception vs. Reality: Jobseeker Behavior Online; and Global 500 Web Site Recruiting Surveys.
About Recruitsoft
Recruitsoft delivers services and technology to manage enterprise staffing, from internal mobility to external hiring. Recruitsoft solutions optimize the flow of talent throughout large organizations such as Honeywell, Hewlett-Packard, Dow Chemical (NYSE: DOW), Fortis, Starbucks Corporation, PepsiAmericas, P & G, Thomson, Agilent Technologies, The Gillette Company, Deloitte & Touche, Bombardier, Anthem Blue Cross and Blue Shield and UnitedHealth Group, among many others. Recruitsoft’s comprehensive services methodology and toolkits deliver ACE™ Staffing Best Practices supported by the Recruitsoft Enterprise Staffing Solution, which includes a fully configurable, workflow-enabled suite of software applications.
Recruitsoft solutions support every aspect of the staffing supply chain, from requisition management, sourcing, resume management, searching and pre-screening to retention and career preference portals, enabling true e-headhunting, optimal staffing and mobility management. Recruitsoft Enterprise Staffing Solution helps large organizations to: find highly qualified candidates faster; better assign people to jobs; increase return on human assets; optimize the use of staffing resources; shorten the overall time to contribution; increase retention of the best and brightest contributors; manage the internal talent pool, enterprise-wide; and importantly, improve overall performance from the hired workforce, resulting in increased productivity. Recruitsoft has received a number of accolades, recently including the industry’s leading staffing solution according to the HR.com and Talent Market Group’s 2003 Buyers Guide.
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