89% of U.S. Companies Will Use Social Networks For Recruiting

Chris CrumBusiness

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Jobvite released an interesting report looking at employers’ use of social media in the recruiting process. The biggest takeaway, as illustrated above, is that 89% of U.S. companies will use social networks for recruiting.

That’s a lot. However, it also means that 11% aren’t even bothering to check out LinkedIn, which I find pretty interesting, given how much professional information there is on the network.

Some other key findings:

  • 55% will increase their budgets for social recruiting; referrals, corporate career sites and direct sourcing are other top categories for increased investment.
  • Referrals, direct sourcing and social networks are the top rated external sources for quality candidates.
  • Only 16% will spend more on job boards and a third of respondents plan to spend less on job boards, third party recruiters and search firms
  • LinkedIn has led in recruiting usage each year and now almost all of those surveyed (87%) use the professional network, up from 78% last year.
  • Recruiting usage of other major networks stayed fairly steady with 55% using Facebook and 47% using Twitter.
  • But now, most (64%) have expanded their social recruiting programs to two or more social media channels; and 40% use all three top networks – LinkedIn, Facebook and Twitter.
  • 77% of survey respondents expect increased competition for talent.
  • Nearly 2/3 of companies intend to recruit from competitors in the year ahead.
  • Among companies anticipating increased hiring this year, 95% now use or plan to start using social recruiting.

You can find the whole report here.

Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.