Hiring Situation Not What You Thought: 68% Predict Normal Hiring Will Return by Q3

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New 2009 TalenDrive Survey Results Prove Hiring Freeze is Not as Fierce as Believed

TalentDrive, http://www.talentdrive.com, the creator of the SaaS recruitment technology, TalentFilter(SM), http://www.talentdrive.com/talent_filter, just today released the results from the recent "Time to Upgrade Your B Talent to the A Talent" January 2009 survey. The surprisingly optimistic results affirm that 46% of surveyed companies are NOT in a hiring freeze. The survey went on to announce that 68% of participants anticipate normal hiring to return by Q3 of this year. However, when asked if new technology was being employed to assist with sourcing, 66% responded no.

Over 8,000 F1000 Companies, Staffing Firms, and Recruiters were surveyed. This survey was conducted between January 16th, 2009 and February 6th, 2009.

In summary, the survey found these key points:

  •     68% predict hiring will return by 3rd Quarter 2009
  •     46% of those surveyed claimed NOT to be in a hiring freeze
  •     66% feel they are prepared with the appropriate infrastructure to upgrade the B Talent to the A Talent
  •     66% are not employing new technology to help assist with sourcing

The results of this release show a surprising resistance to the weakened economy by F1000 firms and almost half of the surveyed companies maintaining the ability to hire. Although many firms are continuing to hire, they are not considering technology solutions to help cope with increased work loads created by cut-backs and the increased number of applicants. As we continue to tackle straining economic times, companies that are currently hiring or the 54% that are currently experiencing hiring freezes may need to become open to the idea of technology solutions that help improve efficiency, reduce time spent on recruiting, improve ROI for sourcing, and make sense of the increased talent pool.

"We were surprised to find that despite all of the news regarding the state of hiring in the United States, the survey found that the majority of F1000 Companies reject the hiring apocalypse and continue to fill positions. This survey shows that the economic situation may not be as poor as perceived," Sean Bisceglia, CEO TalentDrive.

About TalentDrive:
TalentDrive has released the industry's most innovative SaaS sourcing solution, TalentFilter(sm) . Over 55 global companies have helped us develop one of the most easy to use, on-demand, talent sourcing tools on the market. As a subscriber, our recruitment technology sweeps and unifies thousands of paid and free resume databases in one location. TalentFilter(sm) then matches, hierarchies the results, and provides contact through auto scheduling for candidate interviews, chosen by you. In addition, through powerful analytics you are able to manage your ROI for online recruiting. One search, one location, one technology. Thousands of sources.

Media Contact:
Alissa Gothard
TalentDrive
312.676.4204
alissa(at)talentdrive.com

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Alissa Gothard
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