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Millions Of Local Niches .2 (October 25, 2005) Of course, the title of this series refers to Long Tail Theory which we introduced a couple of weeks a go. The idea is that there is huge profitability and productivity to be gained by focusing on lots of tiny niches rather than great big global plays. "Millions of niches of hundreds, not hundreds of niches of millions" is the mantra. It sounds like an old country song: "where the niche is small and the customer desires so specific that you can really deliver service and price doesn't matter." Remember The Big Rock Candy Mountain?
Unlike the song, Long Tail Theory is not some sort of hobo fantasy. It's the backbone of many online retail businesses, paying for the steep discounts offered on more well known items, Long Tail merchandise is for specific individuals with very specific tastes. That's where it's like the employment market. Talent Pools operate like other segments of the Long Tail space. The reported* disconnects over resume volume and customer requirements may well be evidence of a Long Tail Market being served with Short Tail Ideas. from gaping void by hugh "cartoons drawn on the back of business cards" macleodIn the coming days, we're going to look closely at the opportunities for long tail recruiting and try to determine whether it is a hobo fantasy or a new way of doing business. Tomorrow: Google, Live In Your Neighborhood * Note: we say "reported*" because there is really only one study and a lot of gossip supporting the idea that customers are overwhelmed by the flow of resumes. We're actually pretty certain that it's a function of the niche being served coupled with the skillset and expectations of the recruiters using the tools. Don't forget to check out the blogs on bert.
You and your hiring manager outline the job specs. Then send
them
off to people whose judgment you value, along with a reward voucher-an
incentive, and a way of saying thank you to those people who were
willing to
lend their time and energy thinking about who, among their contacts,
would
be right for your company.
You decide how much you want to pay for finding the right
candidate.
And if the right candidate never turns up? You pay absolutely nothing,
making H3 completely risk free. And if you do find the right fit? H3
tracks how the candidate was found, and rewards everyone involved in the
successful hire. All of which makes H3 the most efficient recruiting
vehicle available
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