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Thinking about a career in investment banking? Make sure to take care of yourself! A recent study by the University of Southern California determined that investment banking is correlated to insomnia, alcoholism, heart palpitations, eating disorders, and an explosive temper. The study’s researcher shadowed about 25 entry-level investment bankers, from... OneWire

Recruiting Technology Provider Asked Facebook Fans to Explain Why They Love Their Jobs

NEW YORK, NY, Feb 14, 2012 (MARKETWIRE via COMTEX) -- Putting the power of precise recruiting technology in the hands of candidates and recruiters, OneWire(R) today announced details of its Valentine's Day Love Your Job contest. The contest asked fans of the company's Facebook page to share stories of why they love their job, with the winning entry to receive a Valentine's Day gift basket.

"With Valentine's Day on the horizon, we decided to ask our Facebook friends to tell us what they love about their jobs," said Brin McCagg, co-founder, president and COO of OneWire. "As OneWire works to match employers with qualified candidates, we're also in the business of ensuring that candidates find the jobs that will keep them engaged and satisfied. The contest provided great visibility into exactly what employees find most rewarding about their positions."

Participants came from a wide range of industries and positions. Despite the differences, though, each submission highlighted the qualities that give these individuals the most satisfaction on the job. In keeping with the Valentine's Day theme, one respondent explained how much she enjoys her position as a couples therapist, helping people keep their love alive.

With common themes among the entrants, such as enjoying working with co-workers, working independently, learning new skills, and doing work that is personally fulfilling, the contest highlights the importance of loving what you do. Without a doubt, people who love their jobs are more likely to stay engaged and continue to work for their employers for a longer period of time. However, many businesses find it challenging to hire well-qualified people who will love their jobs.

OneWire aims to fix this problem through its comprehensive cloud-based recruiting platform by helping organizations to find the most qualified candidates and, thus, those who are most likely to stay engaged. The OneWire solution matches candidates to the positions for which their qualifications and career preferences are the most relevant. As a result, companies can streamline their recruiting process by ensuring they only pursue those qualified candidates most likely to be successful. At the same time, candidates are matched to jobs for which they have the relevant skills and experience, making them more likely to enjoy their positions.

"The goal of our 'Love Your Job' contest is to highlight the qualities that employees find most fulfilling about their positions," said McCagg. "When employees love what they do, they are more likely to perform at a higher level and remain with their company. OneWire's mission is to match candidates with the positions for which they are most qualified, ensuring that companies hire employees who will love their jobs."

About OneWire OneWire puts the full power of the most innovative recruiting technology in the hands of candidates and recruiters. Its comprehensive, cloud-based platform and proprietary matching technology can be used across the enterprise to deliver sourcing, candidate relationship management, applicant tracking, vendor management, and talent management. Hundreds of companies and thousands of candidates rely on OneWire as their single destination for the top candidates and top jobs. Get OneWired by visiting www.onewire.com today.

 

While the unemployment figures are looking more and more positive overall, a number of major corporations are continuing to lay off their workers – companies like American Airlines and Pepsi. So make sure you’re prepared for anything! Here are 5 tips if you get laid off: Remain positive and professional.... OneWire

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General Electric recently announced its commitment to hiring 5,000 military veterans over the next five years, adding to the 10,000 veterans who are already employed there.  A significant portion of those hires will contribute to its growing aviation unit—GE will be adding over 400 manufacturing jobs in the next year to jump start production at three new plants.  In addition to this “Hiring Our Heroes” partnership, the corporation has also committed to sponsoring 400 veterans’ job fairs, alongside the U.S. Chamber of Commerce.  Other companies are also showing interest in hiring veterans.  Five investment banks, including Bank of America, Citi, Credit Suisse, Deutsche Bank, and Goldman Sachs, recently established VOWS—Veterans on Wall Street—an initiative dedicated to honoring and employing veterans in global financial services.  Has your company considered a veteran hiring program for 2012?

Concerned about the lack of hiring in the finance and banking sector? Consider switching over to the accounting profession! More and more positions are becoming available at both public accounting firms and companies in need of in-house accountants. According to the Bureau of Labor Statistics, careers in accounting are expected... OneWire

Concerned about the lack of hiring in the finance and banking sector? Consider switching over to the accounting profession! More and more positions are becoming available at both public accounting firms and companies in need of in-house accountants. According to the Bureau of Labor Statistics, careers in accounting are expected... OneWire

Are your employees happy?  It may have to do with the industry you’re in.  In a recent survey based on over 43,000 employee reviews, employees rated their happiness.  The ratings measured relationships with bosses and co-workers, work environment, job resources, salary, opportunities for growth, company culture, daily responsibilities, and a sense of control over one’s work.  Here is a list of the top happiest and unhappiest industries:

Happiest
1.    Government
2.    Education
3.    Wholesale & distribution
4.    Real estate & construction
5.    Tie between financial services and telecommunications

Unhappiest
1.    Agriculture & mining
2.    Nonprofit
3.    Software & internet
4.    Tie between media & entertainment and retail

Announcing OneWire's Valentine's Day Love Your Job Contest!! In the spirit of Valentine's Day, tell us why you love your job for a chance to win! The winner will receive a luxuious Valentine's Day gift basket.  Click to here to enter and learn more:

 

Do you have a mean or aggressive boss? See if you can get them to go to the gym! A recent study determined that managers who exercise for even a half-hour once or twice a week are significantly less likely to treat their employees harshly. In the study, 98 employees... OneWire

Oracle announced today its acquisition of Taleo, a human resource technology company, for $1.9 billion.  The transaction took place in response to SAP’s acquisition of SuccessFactors, which occurred this past December.  Both Oracle and SAP were seeking to build out their cloud-based business – cloud software is becoming increasingly popular because it’s far less expensive and easier to implement. In addition, the transactions were meant to act as a buffer for lost sales to Workday, which recently announced its IPO.  Since the announcement, Taleo shares have increased 18 percent, landing at $46 per share.  Many experts in the space believe that more consolidation will occur within the industry over the next few years…Plan accordingly!

OneWire’s CEO, Skiddy von Stade, was recently featured in Crain’s New York!  He spoke to the needs of small business owners for the 2012 presidential election.  Click here to check out the full article! 

 

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Although traditional job boards have received a lot of negative attention in recent years, it seems they still hold some value for job seekers and employers.  According to a number of recent studies, jobs board applications led to the greatest number of external hires this fall, followed closely by employee referrals.  Depending on the study, job boards made up for anywhere from 17 to 25 percent of hires!  However, recruiters shouldn’t get too excited—another report found that 75% of job board visitors do not take any action on the jobs they review.  In addition, when job postings are promoted too heavily, it can lead to an influx of applications that can take hours upon hours to get through.  So if you’re looking to use more recruiting tools, make sure you diversify!

Despite the positive employment outlook for January reported last Friday, it seems Wall Street employers still have a bit of catching up to do. In total, the number of jobs in financial services dropped by 5% in January. Within financial services, the greatest decline was for jobs in finance and... OneWire

Want to become a better recruiter?  Here are three tips to send you on your way:

1.    Referrals are key.  It’s pretty safe to say that your top performing employees know driven candidates with similar backgrounds, whether it be from school or a former employer.  Referrals can greatly expedite the recruiting process.

2.    Recruiters are salesmen.  Remember that recruiting is a two-way street.  You have to convince candidates that they want to work for your company, as much as they want to convince you that they would be valuable employees.

3.    Use talent acquisition technology to make your life easier.  Find a single platform that can help you streamline your recruiting process.  Don’t pick a bunch of un-integrated systems – they can slow you down!

A recent trend has become apparent among companies’ executive teams—engineers and other technical managers are becoming more prevalent in top management, while executives with backgrounds in business are decreasing in numbers. Titles like “chief operating officer” are appearing less often, yet management teams have doubled in size in the past... OneWire

OneWire Announces Winners of Most Memorable Interview Contest Recruiting Technology Provider Asked Facebook Followers to Share Their Worst Interview Experiences

 

NEW YORK, NY, Feb 02, 2012 (MARKETWIRE via COMTEX) -- Putting the power of precise recruiting technology in the hands of candidates and recruiters, OneWire(R) today announced the winners of its Most Memorable Interview contest. The contest asked fans of the company's Facebook page to share their stories of terrible interview experiences that did not go as planned.

"No matter the industry or experience level, everyone has had at least one interview that didn't go well," said Brin McCagg, co-founder, president and COO of OneWire. "The submissions we received from our followers clearly underscored costly missed opportunities and lost productivity. That's why it's so crucial for employers to place additional focus on improving the candidate experience."

During the two-week submission period, the company received more than 50 entries. Out of the uncomfortable, unprofessional and outright embarrassing experiences, the judges selected three winners:

-- The winner met with a narcoleptic CFO who fell asleep in the middle of the interview -- The runner-up described a wardrobe malfunction that exposed her undergarments during her interview; however, happily, she still got the job -- The third-place winner got sick during an interview and, when it came time to shake the interviewer's hand, she reached for the garbage pail instead

The contest highlighted the problems many job seekers have in finding companies best suited to them, and the trouble many companies have in sourcing the right candidates. When interview practices aren't standardized and hiring managers aren't taught how to conduct a proper interview, candidates can have negative interview experiences. Even more common, unqualified or rejected candidates are often left in the dark about where they stand in the interview process as they usually don't receive any feedback or status updates.

OneWire helps organizations address these shortcomings to improve the candidate experience through its comprehensive, cloud-based recruiting platform. With OneWire's proprietary matching technology and talent assessment tools, employers can pinpoint the most qualified candidates at the click of a button, minimizing time spent on interviewing unqualified applicants. Candidates are only matched to positions that meet their qualification and career preferences, improving their job search experience and engagement.

"Though the interview stories shared in the contest may be entertaining, they also demonstrate the need for a better method to address the mismatch between candidates and employers," said McCagg. "OneWire aims to improve the recruitment process for both companies and candidates. Our goal is to reduce the number of terrible interviews and make sure job seekers -- and hiring employers -- have interviews that are memorable for the right reasons."

Jobs are on the rise again!  The U.S. Department of Labor announced that the U.S. added 243,000 jobs in January, lowering the national unemployment rate to 8.3%.  This is the second month in a row that the job market performed better than economists’ predictions.  In fact, this is the largest jobs increase the U.S. has seen since May 2010!  Although the government is still cutting jobs, the private sector added 257,000.  Within the private sector, manufacturing contributed 50,000 new positions, while the professional services industry added 176,000.  Jobs in healthcare also increased, up by 30,900 workers, and accounting jobs were up by 12,500.  Unfortunately, both the finance and Information sectors lost workers—the majority of which were connected to the film and recording industry.  Interestingly enough, the Monster Employment Index, which monitors the number of job postings online, has been consistently declining since October.  Perhaps these new figures will reignite employers’ confidence, and we will see more recruiting efforts in the near future! 

ADP announced today that the private sector added 170,000 new jobs in January, a figure that came in below most economists’ predictions. The number reveals that hiring slowed in January, after 292,000 jobs were added in December. Interestingly enough, over half of the companies who hired in January were in... OneWire

2011 was a tough year for finance professionals—there were layoffs at virtually every major bank, bonuses came up short, and very few people saw raises. HSBC and Bank of America are in the midst of cutting around 30,000 jobs globally, while other big names like JPMorgan, UBS, and Credit Suisse... OneWire

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According to a recent survey by Global Strategy Group, the majority of senior managers are underwhelmed by the recent college graduates applying for entry-level positions.  The study found that 65% of senior managers and C-level executives believe that entry-level candidates are only “somewhat” prepared for business success, while 40% of C-suite executives claim that these candidates are “not prepared at all.”  Almost half of these executives think that fewer than 25% of recent graduates have acquired the skills they need to advance past entry-level positions—skills such as problem solving, collaboration, critical thinking, clear communication, and persuasive writing.  These results suggest that companies are increasingly looking for candidates who are ready to hit the ground running, as opposed to their expectations in past days when recent graduates were not pressured to learn these skills until they entered the workforce. Career experts argue that this change in expectations is primarily due to the increasing competition for entry-level jobs.  Competition for great entry-level positions is fierce, so employers can demand more from their candidates!