CareerXroads releases its Annual "Sources of Hire Study"

The Internet and expanding referral networks continue to put pressure on traditional forms of recruiting. Two years ago just over half of all external hires came from Employee Referrals and the Internet. Today 61% of all External Hires can be attributed to just two ?Channels'- Employee Referrals & the Internet. How many come from the "traditional" want-ads? 5.5% report employers.

The major job boards continue to dominate the Internet: Hires from just three online job services destinations (Monster.com, CareerBuilder and HotJobs) account for 22.8% of all hires attributed to the Internet. ?All other' job sites account for 16.9% of the Internet. Perhaps more interesting to note is the high percentage of hires that comes directly from a corporation's website. While some of these surely start on a major job site, a parallel study shows that "virtual walk-ins" are starting to have an impact on today's hiring as well.

How do these findings impact recruiting? CareerXroads co-founder Mark Mehler notes, "Many of today's employers aren't even tracking sources of hires - yet it's the smartest way to manage successful recruiting." And the report has a lot to tell job seekers too. "If you're looking for a job you should read the report to discover the most likely route into your target company."

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