[ernie] The Electronic Recruiting News In Email_010215

[Carrie Baggs <interbiz@interbiznet.com>]

		John Sumser's   Electronic Recruiting News
interbiznet.com E R N I E Electronic Recruiting News In Email Our Rate Card S P O N S O R S Find out more About IBN Got a news tip? Got a news tip? Tell us at news@ interbiznet.com Our Rate Card Articles Presentations Trends Reports Archives Resume Databases (Over 60) Company Job Listings (Over 4000) Suggestions? It is better to not be on the web than to be on and not know why John Sumser Reality is more complex than it seems. John Gall It's better to do a few things really well than than to do a lot of things badly. If you can't make the necessary commitments of time and energy to your electronic marketing efforts scale back your plan. John Sumser All material in this email is the property of IBN (The Internet Business Network: interbiznet.com) You may download a copy for personal use. Redistribution without permission is strictly prohibited. All material in this email is © 1995 - 2000 by IBN OUR HOME	Read Today's Interbiznet Bugler (New) Download the 2001 ERI Executive Summary. Requires Acrobat. 2001 Electronic Recruiting Index is available. Order your copy today! To subscribe or unsubscribe from ERNIE, please use the form on the linked page. Things Have Changed (February 15, 2001, 2000) In our supposedly slowing economy, unemployment claims dropped while the unemployment rate is still 4.2% nationally. We're certain that we remember a thirty year period during which 4.2% was thought impossible. Certainly, the notion that unemployment claims would drop during a downturn is relatively unprecedented. We hardly believe that recession has been eliminated or that the economic cycle has been banished to oblivion. But, the permanent generational labor shortage changes things in a profound way. In non-manufacturing sectors, the recently laid-off are being quickly hired with no observable economic loss. The manufacturing sectors are another thing entirely. Factories are the last place in which physical inventory has a higher value than intellectual inventory. Traditional notions of business cycle and downturn still apply in this sector. But, it's important to understand that Manufacturing is now less than 15% of our economy. In Silicon Valley, where negative unemployment is the norm, we're hearing an interesting tune. "If layoffs continue at this pace for the next three years", they say. "we'll reach positive unemployment for the first time in five years." The very concept of negative unemployment is currently foreign to the ears of a Recruiter in an industrial area. The web is important because it is a two way communications system. Until now, almost all of the applications and systems we've developed in this industry are replicas of older approaches moved over to the web. It isn't going to last much longer. The difference between an inventory of human capital and an inventory of physical goods is that the human capital has many minds of its own. Rather than bar codes (the next wave of old generation stuff about to be launched by "assessment" firms), human capital communicates independently. You have a relationship with Human Capital. You count and assess physical items. Companies that move forward with real relationship systems will have an advantage over the firms that treat their Human Capital like physical assets. Relationship inventory can quickly adapt to changing circumstances. Physical inventory just sits there waiting to be sold. There is still some chance that the major news media, hungry for a simplistic horror story, will discover that things have changed. Whether they do or not, moving your Human Capital Management strategy another step forward is increasingly critical. - John Sumser ****************************************************************************************** Workforce has the Recruiting and Staffing information you need. Search through thousands of archived articles, participate in the forum, print out sample letters and policies and more. All for free. Come to Workforce today! Workforce -- HR Trends and Tools for Business Results. ****************************************************************************************** Contacting Us: Call, fax, write, email. We'd love to talk about your project. All material on this site is © 1995 - 2000 by IBN: interbiznet.com (The Internet Business Network), 346 Starling Rd., Mill Valley, CA 94941 415.380.8244 staff@interbiznet.com To Subscribe or Unsubscribe From the ERNIE... Enter email: Enter name:	FEATURES: Interbiznet Trends (New) Email Newsletters      - Daily Industry News      - ERN in Email      ANNUAL REPORTS:      - 2001      - 2000      - 1999      - 1997      - 1996      - Report Pricing      RESOURCES: Top 100 E-Recruiters Presentations Recruiter's Toolkit Seminar In A Box ERN Archives 1st Steps In The Hunt      ADVERTISING: Our Rate Card Last Week's ERN February 11, 2001 Do Nothing Recruiting Differentiation Inventory Principals Supply Management 21st Century Recruitment ERN Archives

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