IBN: Defining Excellence in Electronic Recruiting


Electronic Recruiting

Our Rate Card






Please Click On Our Sponsors

Please Click On Our Sponsors

Recruiting News for the Human Resource Professional

Please Click On Our Sponsors

Please Click On Our Sponsors

Please Click On Our Sponsors

Please Click On Our Sponsors




Click On Our Sponsors

Click On Our Sponsors










Please Click On Our Sponsors

The Electronic Recruiting News is a Free Daily Newsletter For Recruiters, HR Managers, Advertising Agencies and Clasified Advertising Operations

| ERN | Bugler | The Blogs | Blogroll | Advertise | Archives |

Perfect Storm Facts, Figures and Resources

(May 08, 2006) If we were in the compensation information business, we'd be peddling new products. Right now. Most internal compensation systems are not "quick react" tools designed to make split-second decisions. They are policy development tools whose data are used annually.

In a Perfect Storm environment (see Friday's article), there is a fast wage spiral in a specific sector or sectors. It is most noticeable in the Engineering and Technical world. It also exists in the managerial and health-care sectors. The labor market takes on "spot-market" characteristics when this happens. There is a severe impact internally (discontent) coupled with strong pressures on profitability. Navigating this "perfect storm" takes speed and agility.

Recruiters who are bound into structured internal processes can produce high quality results. In times like these, however, speed and responsiveness are more important. A significant bugaboo is the data in the compensation system.

As long as the economy was "cool", it didn't matter that Engineering enrollments declined by nearly 10%. Today, although enrollments have rebounded, there's a structural deficit in the population of engineers. Think of that as a very strong storm front.

The heat in the economy produces a significantly increased demand for engineering talent. The structural shortage makes acquiring new engineers the logical approach. But, the demand for new engineers exceeds the supply. Therefore, new employees are routinely getting offers that exceed the compensation of their nearly vested brethren.

Unlike the crew of Gilligan's boat (who survived a strong storm), the team depicted in the Perfect Storm perished. This also happens to companies trying to deal with surprise (actually, predictable) fluctuations in the labor market. 25% wage increases to the entire engineering department is enough to destroy a year's profitability (not to mention the morale of non-engineers).

Here are some facts, figures and resources to further your thinking:

  • Overall, total undergraduate engineering enrollment decreased during the 1980's and 1990's, dropping from approximately 420,000 in 1985 to 361,000 in 1999. They have since rebounded but the shortage is now structural. This excel worksheet has the figures.
  • Over the same time period, the percentage of engineers employed in the workforce has increased by 50% (NSF)
  • Over that same period, Federal Investment in Basic Science/Engineering declined precipitously (from 50% of all research to barely 25%) (NSF)
  • Decreased Supply Plus Increased Demand Plus Decreased Funding has changed the way academic institutions operate making science and engineering vastly more commercial.
  • We highly recommend that you read the National Science Foundation's Report: Science and Engineering Indicators 2004

Talk to the people who supply your company with salary data. Make sure it is timely and updated. Accurate information is the first step to surviving the coming Tsunami.

How did we miss this?

 John Sumser . - .  Permalink . - . Today's Bugler

As job boards multiply, so does the room for error. How will you determine the right sites for your jobs? Our free Webcast has the answers.

    What's next for online job posting?
    What: Free Webcast (earn 1.5 SHRM credits)
    Who: SmartPost and Bernard Hodes Group
    When: Thursday, May 11 / 12:00 PM - 1:30 PM ET
    Where: Register Online
Join Bernard Hodes Group and the brains behind SmartPost as we present REAL examples of how innovative solutions are answering common sourcing problems. Learn ways to find the right sites, get the "most from your post," and hear real-world examples of new technologies that are optimizing the search for high-performing talent.

Free Webcast - Register Online now
Visit smartpost.com

Please Click On Our Sponsors

Focused Candidates Visit Focused Job Boards

Focused Candidates Visit Focused Job Boards.
Find your focus below and discover a new channel of fresh talent!
Accounting / Finance jobsinthemoney.com
Accounting / Finance CareerBank.com
Call Center CallCenterJobs.com
Drivers / Trucking JobsInTrucks.com
Employee Benefits BenefitsLink.com
Enviro/Occup. Health & Safety EHSCareers.com
Executive RiteSite.com
Executive NETSHARE.com
General JobKite.com
Health / Medical HealthJobsUSA.com
Health / Medical NurseTown.com
Hispanic / Bilingual LatPro.com
Insurance GreatInsuranceJobs.com
Logistics JobsInLogistics.com
Manufacturing JobsInMFG.com
Regional - DE, NJ, NY, PA JobCircle.com
Retail AllRetailJobs.com
Tax Specialists TaxTalent.com
Telecom / Wireless TelecomCareers.net
For more Specialty Boards, visit:
Employer's Corner on TopUSAJobs.com

| ERN | Bugler | The Blogs | Advertise with Us | Trends | Archives |

Contacting Us:

Copyright © 2012 interbiznet. All Rights Reserved.
Mill Valley, CA 94941
Send comments to colleen@interbiznet.com

To receive this Newsletter in Email each weekday, please use the form on the linked page.

Click On Our Sponsors

Electronic Recruiting News










         - Bugler
           Daily Industry News

         - ERNIE
           ERN in Email


  • BlogRoll
  • Integrated Employment
          Branding Presentation
  • Trends Whitepaper
  • interbiznet Listings
  • interbiznet Trends
  • interbiznet Bookclub
  • Top 100 E-Recruiters
  • Presentations
         - Recruiting Then/Now
  • Recruiter's Toolkit
  • Seminar In A Box
  • ERN Archives
  • 1st Steps In The Hunt


  • Our Rate Card
  • Demographics

  • Perfect Storm Facts
  • Perfect Storm
  • ER Wrapup.1
  • 10 Random Notes
  • Referrals.5
  • Millennials
  • Referrals.4
  • Drowning in Info
  • Referrals.3
  • Referrals.2
  • Amazing Changes
  • Referrals.1
  • US Internet Applicants
  • Referrals
  • 3/4 Baked.2
  • 3/4 Baked
  • JIT Recruiting
  • Sourcing Ahead
  • Top Job Site Rankings
  • Room 4 Improvement 12
  • Blogging
  • Room 4 Improvement 11
  • Room 4 Improvement 10
  • Room 4 Improvement 9
  • 6 Years Ago
  • Room 4 Improvement 8
  • Room 4 Improvement 7
  • Room 4 Improvement 6
  • Room 4 Improvement 5
  • Room 4 Improvement 4
  • Room 4 Improvement 3
  • Room 4 Improvement 2
  • SE: Talent Management
  • Room 4 Improvement 1
  • Open Source ATS
  • Out Of Synch with IT
  • Write A Want Ad
  • www.mgs.jobs
  • SE: Demographic
  • Tony Lee
  • Emergent Properties
  • Even More Metrics
  • Traffic Myths
  • The Bugler
  • SE: WorkplaceTrends.


    Stocks We Watch:
    Public Companies
    in Electronic Recruiting


       All material on this
       website is the
       property of interbiznet
       (The Internet
       Business Network:
       You may download
       a copy for personal
       use. Redistribution
       without permission
       is strictly prohibited.
       All material on
       this site is
       © 2008 interbiznet.

       All rights reserved.