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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