© Copyright 2010 WANTED Technologies Corporation

What companies in your industry are hiring? What positions do they need to fill? What are they offering to encourage job seekers to apply?

In the example below, I am looking to fill a position for a head cook in a local Philadelphia Bistro. I have specified that I only want postings that were available in the Philadelphia MSA in the last 120 days, that I don't want duplicate postings, and that I don't want to see postings from known staffing firms.

Source: WANTED Analytics

With access to millions of unduplicated job postings nationwide, you can filter results to a level impossible to do with aggregator websites.  AND, you can see postings that have since expired and are no longer available to the public.

The details and descriptions can be viewed and/or downloaded for the postings – long after they have been taken down – allowing you to view benefits, bonuses, and perks that may make those jobs more (or less) desirable. This allows you to tailor your job requirements, salary, and benefits to increase your chance at getting qualified candidates, fill positions more quickly, and save money.

Strategic planning and HR strategy becomes a lot easier once you have a clear picture of the competitive landscape.

© Copyright 2010 WANTED Technologies Corporation

With WANTED Analytics, users are empowered by the ability to grab months of research in a flash, and see online recruitment from the clouds.

The question I am asked most often is, "How can I  use it?"

Show prospects you know what’s going on with them, and their market – show them you’re the person they should be talking to. Send an email with our charts and graphs pasted in telling them after exhaustive research into their online posting activity you have the solution to their recruitment needs and can help save them money by getting positions filled quickly.

Using the phrase “save money” and combining it with “personalized data” on their recruitment history, along with visual proof, is a surefire way to get prospects to return your calls and emails.

Experience and feedback have shown us that you will greatly increase the number of callbacks and email replies if you show your prospects WANTED data. Let us do the work!

© Copyright 2010 WANTED Technologies Corporation

© Copyright 2010 WANTED Technologies Corporation

The following graphs the number of new online job postings for IT workers in the United States, monthly:

Source: WANTED Analytics - Hiring Demand Dashboard

15 months ago, there were 72,000 paid-for online job postings for IT workers in the United States (we exclude free sites like Craig's List). Online job postings for IT workers grew by about 2.4% a month on average for a full year – the equivalent of an additional 2,350 new job postings a month – before settling at the 102,000 mark in March. Since then, however, hiring for new IT workers has gone flat, and even fell by 1.7% in April.

Overall hiring is still half its pre-recession levels.

Stock markets have taken notice: since hitting a 52-week high of 24.08 in April, the S&P 500 Technology sector SPDR ETF  sits at 22.19 today, a 7.8% drop (NYSE:XLK). This is a better result than a month ago (July 2), when the sector index stood at 20.29,  a 15.7% drop relative to the April high. The pick-up in the sector index over the past month has been matched by a slight increase in June IT Hiring.

The following graph shows the number of online job postings for IT workers in the United States (using the Bureau of Labor Statistics Standard Occupational Classification system for "Computer Specialists") and the evolution of the S&P Technology index (NYSE:XLK).

Source: WANTED Analytics, Google Finance

More important, however, is the analysis of the yearly returns of the S&P Technology index and the yearly growth in Hiring Demand: equity analysts care about the future returns of an index, and yearly growth rate in Hiring Demand appropriately captures evolving temporal dynamics as well as having the advantage of being free of seasonal variation. Notice how the stock market index picked up about 6 months before hiring did – stock markets are usually forward-looking by about six months. Notice too how the slow-down in the Hiring Demand growth rate in February has caused returns of the S&P Technology sector index to lose steam. In other words, the stock markets may have gotten a little ahead of themselves, and the slow-down in hiring meant that aggressive forward-looking expectations were no longer sustainable.

Source: WANTED Analytics, Google Finance

The following table lists the Top 25 companies in terms of IT job postings over the past three months:

© Copyright 2010 WANTED Technologies Corporation

Our Knowledge Base will continue to be a work-in-progress as we update it with frequently asked questions and answers inspired by our customer support tickets.

Users can follow the progress of their open support tickets, update their tickets, and view their support history. Managers can also request access to view their organizations' tickets as well.

This is a step towards providing our customers with a comprehensive support system as robust as the products it supports.

We hope you find it a useful resource, and we welcome your feedback!

© Copyright 2010 WANTED Technologies Corporation

Economists surveyed by the Wall Street Journal in June predict that the U.S. economy will gain an average of nearly 160,000 jobs per month over the next twelve months. Optimism seems to be waning a bit: the same economists predicted average monthly gains of 180,000 in June, and 196,000 in May. A year ago, the July 2009 survey forecast losses of 70,000 per month.

There is also little optimism for significant improvement to the unemployment rate, as predictions were largely unchanged from prior months. This month's survey forecasts a rate of 9.4 percent by the end of 2010. Growth in 2011 is expected to remain slow, with a rate of 9.0 percent in June 2011 and 8.6 percent in December. The timeline for regaining "full employment" (5.5%) was predicted to be at least 2015 by about half of the economists surveyed.

Reflecting the current political debate, economists were split about the ongoing Senate battle over long-term unemployment benefits:

59% of those who responded to the question … said if they were in Congress they would vote to renew the extension of unemployment compensation for up to 99 weeks, a proposal that is stalled in the Senate amid partisan maneuvering and worries about the federal deficit.

"An abrupt end to unemployment benefits could do more to damage the deficit than repair it by weakening the recovery and forcing the long-term unemployed to apply for more costly long-term benefits, such as Social Security," said Diane Swonk of Mesirow Financial.

But 19 economists oppose an extension. It "increases incentive to be unemployed," said Ram Bhagavatula of Combinatorics Capital LLC.

This month's Wall Street Journal survey of economists was conducted from July 9-12. Each month the WSJ asks economists to estimate the average monthly change in nonfarm payrolls over the next twelve months. That is, the monthly changes the BLS reports each month, for the next twelve months, divided by twelve.

© Copyright 2010 WANTED Technologies Corporation

A great example we came across using our Hiring Demand Dashboard™ was the national increase in job postings for Personnel Recruiters.

One year ago, last month, the unduplicated job posting volume for Personnel Recruiters (SOC 13107102) was at an all-time low. Over the last year, based on the names of those employers posting these positions, we can see many Temp Agencies have been increasing their own staff to handle the demand for temporary workers in the workplace.

Some analysts think that the hiring of temporary help can be seen as a precursor to hiring full-time workers as employers begin to recover.

The graph above uses our unique filters that clean the data, removing unwanted sources and postings from the national database to give an accurate view of unduplicated job posting volume for specific occupations over time.

Being able to see trends in specific occupations so one can leverage and allocate the right resources in the right markets is one way WANTED Analytics™ can help your Business Developers and Executive Management.

© Copyright 2010 WANTED Technologies Corporation

© Copyright 2010 WANTED Technologies Corporation

© Copyright 2010 WANTED Technologies Corporation

Hiring Demand growth in Business & Finance occurred in all major metro areas and job types. The largest growth occurred in the New York City and Stamford, Connecticut areas.

A particularly relevant and important result is that hiring for Personnel Recruiters has more than doubled compared to last year. There were over 10,000 new job ads posted for recruiters in March, April, and May 2010, compared to only 4,600 for the same period last year. This is a very positive sign: corporations are hiring the workers responsible for future hiring.

Over the past few months the BLS has reported Nonfarm Employment gains, mostly bolstered by temporary Decennial Census workers. The net gain in private sector employment was 41,000 workers for the month of May, even as the Census hired 411,000 temporary workers. Current growth trends in Business and Financial Operations Occupations shows that businesses across the country have started to hire again. Combined with the Personnel Recruiter result above, WANTED expects continued steady improvements in Nonfarm Employment payrolls, although monthly gains are likely to be modest:

Source: WANTED Analytics

The largest market for Business Operations & Financial Specialists is New York, followed by the typical list of large US metros including Washington, Los Angeles, Chicago, Boston, and Philadelphia.

Source: WANTED Analytics

The New York and Connecticut areas have shown the largest growth. The Bridgeport-Stamford-Norwalk area grew 63% compared to last year, and New York grew 58%. Other cities come in strong, including the Northwest cities of Portland and Seattle.

Almost all occupations saw increases in Hiring Demand, with the notable exceptions of Loan Officers and Personal Financial Advisors. Management Analysts had an impressive year-over-year growth of 60%. This group was outdone only by hiring growth for Personnel Recruiters – growth for these workers stands at 130%.

Source: WANTED Analytics

© Copyright 2010 WANTED Technologies Corporation

The reason this happens is due to the number of sites that aggregate and share postings across the web. A company posts to a major job site and within days that same posting appears on dozens of aggregators and partners – sometimes living longer than the original posting. Employers are rarely aware of this activity and WANTED has addressed this with our Ad Noise Filters.

WANTED’s technology not only unduplicates job postings across job boards, it also identifies third party and aggregated ads originating from corporate sites and other job boards. Employers are usually unaware of this volume and can get defensive if you begin discussing sites about which they have never heard.

Source: WANTED Analytics

Although it is good for you to know about this activity, and it will be something you want to educate your client about eventually, it is usually better to refrain from opening with that information early in the discussion.

Stick to the sites on which they knowingly posted – It will prevent you from having to defend yourself and your information.

© Copyright 2010 WANTED Technologies Corporation

Health care jobs continue to lead the pack. There were over 138,000 job postings by staffing firms for the Health Care sector, followed by nearly 93,000 in Computer and Mathematical Occupations. Office and Administrative Support jobs were a distant third at just under 37,000.

Note that we do not include job postings on free job boards such as Craig's List.

The total ad volume by staffing firms in May was up 18 percent from May 2009, but remains below the March 2008 peak of 576,000. The growth in online job ads is corroborated by employment increases of 264,000 in the Employment Services industry, as reported by the Bureau of Labor Statistics.

Source: WANTED Analytics

© Copyright 2010 WANTED Technologies Corporation

WANTED Analytics can not only provide you with an instant snapshot of what a client is doing and has recently done (both Online and Print), there is a feature that allows Sales Executives to monitor their clients  for new business with minimal time invested – The Client List Filter.

Users of Analytics can submit lists of customers, past or present, that can be applied as a filter to get an instant report of new activity for all their accounts.

You can even set up an Email Update to automatically keep you informed of any new activity daily, or weekly. This is a very efficient way to monitor your share of wallet.

Many of our users have noted a substantial increase in recurring revenue as a result of this process. Best of all, email updates work for both dormant clients and active clients alike.

© Copyright 2010 WANTED Technologies Corporation

News from the employment marketplace:

• Making Sense of the Jobless Claims Numbers
• Was the stimulus worth the cost? Prune and Grow
• Reasons for Canadian Worker Loyalty Depend on Language
• Unemployment Cartogram 1980-2009 ( Hat tip: The Big Picture)
• June WSJ Economists Survey: Economists Expect Slow U.S. Growth
• Weekly Initial Unemployment Claims at 456,000 (Calculated Risk)
• International: Employers are becoming increasingly optimistic about hiring new workers
• Oil cleanup: The next jobs program

Share the wealth! What are you reading?

© Copyright 2010 WANTED Technologies Corporation