Every day, WANTED's web spiders crawl through employment websites, capturing new job ads. Our proprietary technology removes duplicates, normalizes critical analytical components (Standard Occupation Codes, standard Census Bureau location codes), appends established third party data elements (D&B DUNS), and organizes the lot in a robust data warehouse.
By mining the 4-plus years of data accessible through Analytics 2.0 and using statistical techniques, WANTED can detect when companies increase their Hiring Demand – a "Gazelles alert". The Gazelles Report lists and details company's with spikes or upward trends in their levels of recruitment advertising.
Every week, we feature five companies appearing in the Gazelles Report, with a bias towards publicly traded companies.
Acxiom Corporation was a top gainer on the NASDAQ on October 29th (NASDAQ:ACXM). Acxiom has almost tripled its Hiring Demand since May, going from 31 available jobs a week to 91 available jobs a week. Acxiom is "the global leader in interactive marketing services" according to its website, and Hiring Demand for the three main types of workers it hires has also tripled since May (Marketing Managers, Sales Managers, and Computer Systems Analysts). The correlation between Acxiom Corporation stock price and its Hiring Demand has been 0.77 over the past four years. Looking at the graph, investors would have known that something was up as early as February 2007 – it's stock only took a hit six months later. More recently, as Hiring Demand had tripled, its stock had been trading between $9 and $10. It jumped by $1.50 to $11.50 during Thursday's trading.
Odyssey Healthcare is a specialized Healthcare provider (NASAQ:ODSY). It provides "quality of life for patients facing terminal diagnoses", according to its website, and has been in this niche since 1996. Odyssey Health was a top gainer on October 29th. Hiring Demand was stable with 800 to 950 online job ads a week from February to July, and its stock price traded around $10 during that period. Odyssey started tripling its Hiring Demand in late July and its stock price quickly followed by gaining 30%. Odyssey appeared in our Gazelles report by posting for 1,200 nursing jobs last week.
Akamai Technology's stock price (NASDAQ:AKAM) and its Hiring Demand has had a correlation of 0.60 over the past four years. Akamai Technology triggered a Gazelles alert this week, and correspondingly it was also a top gainer on the NASDAQ on October 29th. In the past three months it had increased its number of online job ads by more than 50%.
The Casual Male Retail Group (NASDAQ:CMRG) triggered a Gazelles alert by flooding Monster.com. Flooding of jobs on major paid-for national job boards are usually very strong and meaningful signals, since it isn't cheap to advertise on those sites. You're only going to post on Monster if you're really looking to hire people. Starting in August, Casual Male had around 200 jobs on Monster. It's stock was trading at $1.60 in July before this spike. The stock hit a high at $3.72 in mid-September. It was a top gainer on Oct 29th, gaining 28 cents or 12% on a $2.62 base. Since then, the number of online job ads fell from 214 to 155.
Radio One (NASDAQ:ROIA), which we've featured before, was a top gainer on October 27th, when it stock price rose $0.42 or 24.71%. What's encouraging about Hiring Demand at Radio One is the occupational profile: it has about 85 jobs online, 35 of which are for "Advertising and Promotions Managers". It had posted fewer than 15 of these types of jobs before the "Gazelle" activity that started in April.
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