Every day, WANTED's web spiders crawl through employment websites, capturing new job ads. Our proprietary technology removes duplicates, normalizes critical analytical components, appends established third party data elements, 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 level of Hiring Demand – a "Gazelles alert". Every week, we produce a "Gazelles Report" which lists and details company's with spikes or upward trends in their levels of online recruitment advertising.
Below a sample of what our Gazelle Report looks like, for the 5 publicly traded companies we feature this week:
Source: WANTED Analytics
Macy's (NYSE:M) was a top gainer in today's trading, appreciating $1.13 or 6.3% on the New York Stock Exchange. Macy's Hiring Demand has tripled since hitting a low of 6,830 online job ads in April. A surge in 'Retail Sales Workers' hiring triggered our Gazelles alert. This is the third time we have featured Macy's on this blog. We first discussed it when it triggered Gazelles alerts on October 2nd, 2009. We also highlighted Macy's surge in Hiring Demand as early as July 20th in our monthly Fortune 1000 discussion. The correlation between Macy's Hiring Demand and its stock price has been 0.73 over the past three years.
Source: WANTED Analytics
Radio One (NASDAQ:ROIA) has done it again! It was a top gainer in yesterday's trading, up 17%, and triggered a Gazelles alert with Hiring Demand that is 84% higher than its one year historical average. Although Hiring Demand for 'Advertising, Marketing, and Promotions Managers' has softened, it seems that those new hires have done their work selling advertising, as 'Media and Communication Workers' Hiring Demand is on the rise. Radio One had 91 job ads a month ago, 10 fewer than we saw this week. This week marks the fourth time we've featured this company.
Source: WANTED Analytics
Skyworks Solutions (NASDAQ:SWKS), a chip manufacturer, was a top gainer in yesterday's trading, based on a positive earnings release. It had triggered a Gazelles alert as early as two weeks ago, and did so again this week with Hiring Demand 68% above its one-year average. Its Hiring Demand trend for Engineers has been positive since December, when it posted for the fewest number of engineers in recent history (only 5 job ads); that count now stands at 59 for the month of October. Its stock price has more than doubled since that December low, and Hiring Demand has been closely related to improvements in its stock price: the correlation between the two has been 0.8 since the start of the year.
Source: WANTED Analytics
Brightpoint (NASDAQ:CELL) was a top gainer yesterday, up almost 13%. It triggered a Gazelles alert with Hiring Demand 18% greater than its one-year average. According to its website, "Brightpoint is a global leader in the distribution of wireless devices and [...] customized logistic services to the wireless industry", mentionning also that it is "the 'last mile' in wireless distribution". As such, its hiring for Computer Systems Analysts makes sense. Since January 2008, the correlation between its Hiring Demand and stock price has been 0.74.
Source: WANTED Analytics
We finish with TTM Technologies, a supplier of printed circuit boards to OEMs (NASDAQ:TTMI). It triggered a Gazelles report with Hiring Demand that is 50% greater than its one-year average. It usually hires for "Metal and Plastic Workers". It was a top gainer yesterday with a 12% appreciation of its stock price.
Source: WANTED Analytics
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