Most companies consider job boards of various kinds—whether big and comprehensive or small and devoted to niches—one tool for hiring. But, as in prior years, they’re not the top source of new employees, according to the seventh annual Sources of Hire study, conducted in January 2008 by CareerXroads.
The consulting company found that 30 percent of all open positions were filled by internal transfers and promotions. At nearly 29 percent, referrals were the No. 1 external source of hire, and between 80 and 90 percent those referrals came from employees. (The study notes that alumni and other types of referrals are growing rapidly.) Hires attributed to job boards, including the company’s own Web site (which arguably is not a job board at all, as the study sponsors note), accounted for 25.7 percent of external hires. Among job boards, the company’s own site accounted for 54.4 percent of the hires. Monster represented the source of hire for 19.7 percent of positions, followed by CareerBuilder (17.4 percent) and Yahoo HotJobs (4 percent). Specific niche sites and aggregators rounded out the job-board sources.
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