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Social Networks Like LinkedIn Positioned to Replace Job Boards as Primary Source of New Hires

Thursday, May 19, 2011 6:00 am - by ccountouris
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“The growth of applicants from LinkedIn alone has increased by over 466% over the last quarter.”

Larkspur, CA (PRWEB) May 19, 2011

Accolo, Inc. ®, the leading Cloud Recruiting™ solution company, today announced that an unprecedented number of applicants for jobs are coming from social networking sites like LinkedIn and Facebook. In fact, the growth of applicants from LinkedIn alone has increased by over 466% over the last quarter. This data is based upon Accolo’s unique insights into applicant source information across hundreds of companies and tens of thousands of jobs via its Cloud Recruiting™ Platform.

“While there has been a great deal of buzz around the positive impact of social networks to the recruiting process, much of that buzz was speculation,” emphasized John Younger, President & CEO of Accolo. “We now have empirical evidence that social networks are the fastest growing source of employee referrals and qualified candidates in North America”. He added, “Not only will social networks help our clients find the best fit candidates more quickly, our recent Cloud Recruiting Platform 4.0 release optimizes the impact of using LinkedIn, Facebook and Twitter yielding a significant increase in hiring performance.”

“We view social networks as an essential element of our recruiting strategy and have assessed a variety of the leading recruiting software. None of them comes close to providing the impact of Accolo’s Cloud Recruiting™ platform, hiring intelligence and on-demand resources,” stated Harris Grayman, VP of People and Culture at UBM Electronics and UBM Canon, an Accolo client. “It’s no surprise that social networks and LinkedIn are the fastest growing source of applicants and hires. Accolo’s 4.0 release incorporates these sources so easily that even our new hiring managers find people like seasoned recruiting professionals.”

Accolo’s Cloud Recruiting™ platform actively monitors and identifies the most effective candidate sources across all available talent pools. Based on current trends, it is highly likely that social networks will surpass even the largest job boards as the primary source of hires within 36 to 48 months.

About Accolo

Accolo is the leading Cloud Recruiting™ solution, including a patented SaaS Cloud Recruiting™ Platform with embedded social network job distribution, a collective intelligence Hiring Knowledgebase™ enabling a data driven recruit-to-hire process coupled with on-demand recruiting capacity via a network of Accolo Certified Hiring Consultants with the most relevant industry, functional and geographic experience as measured by hiring manager scoring and hiring performance metrics. Companies use Accolo’s Cloud Recruiting™ solutions to materially increase the productivity of their internal recruiting process, while being able to scale recruiting capacity on-demand or they leverage Accolo as their turn-key internal recruiting department. Accolo is acknowledged as the leading On-demand Recruitment Process Outsourcer (RPO) and is a founding member of the Recruitment Process Outsourcing Association. For more information, visit www.accolo.com.