December 19, 2010|By Lorraine Mirabella, The Baltimore Sun
A: The people that are hurting the worst and will continue to hurt the worst are hourly. The unemployment rate for hourly [workers] is 14 percent, and 60 percent of the economy works hourly. That's why the unemployment rate is so high.
I don't think we're going to go back to the boom times where people are getting 10 percent and 15 percent raises and bonuses and there's a feeding frenzy to hire. The tenure people spend at companies will grow. It was at [average] 2.5 years. That's going to go up. And so I think there will be less job changing and more of a need to be committed to where you are.
Q: How would you advise someone to find what you describe as 'hidden' jobs?
A: Companies' recruiting budgets have been decimated. We've seen statistics of companies spending 75 percent less on recruiting than during the boom times. Therefore, you can't rely on the job being advertised on a website where it costs money. Only 15 percent of job openings are advertised on a big job site, but almost 100 percent are advertised on companies' websites. So going directly to the company's website is the most complete inventory of jobs.
We have a service we sell that looks at 22,000 company websites every day that costs $20 a month. We'll run the matching algorithms on the 22,000 corporation websites for the job seeker and do it twice a day.
Q: When did you start that service and how many subscribers do you have?
A: We started it in September and we have tens of thousands [of subscribers]. I think it's something we pioneered. My passion is helping people get hired.
lorraine.mirabella@baltsun.com
