Saturday, February 26, 2011

Manpoor! A little poor judgement can go a long way

Manpower moves quickly to defuse furore over seek ad

Manpower has apologised for the "poor judgement" of one its consultants, who posted an ad on SEEK New Zealand aimed at luring shell-shocked Christchurch candidates to Australia.

The ad, which was posted shortly after the massive earthquake which has so far killed at least 113 people, said:

"Our hearts go out to all those affected by the recent events in Christchurch... If you are looking for an opportunity to get away for a while, Australian Engineering firms could be your silver lining. With paid relocation and resettling assistance, the next 2 years could be an experience that you and your family will not regret."

The ad was taken down within a day, but not before attracting the attention of others in the recruitment industry and generating a torrent of criticism.

In response, in a comment on NZ recruitment blog The Whiteboard, Manpower Australia and New Zealand managing director Lincoln Crawley said the company regretted any distress the ad had caused.

Crawley said the consultant had shown poor judgement and

Thursday, February 24, 2011

Deloittes graduate recruitment program - clever!

Deloitte boosting 2011 grad program with Facebook, iPhone

Deloitte Australia has launched a new Facebook page and iPhone application, designed to help communicate with the 10,000 candidates it expects to attract for its graduate recruitment program this year.

Deloitte national recruitment director James Elliott told Shortlist the company had the biggest annual grad intake in the country - 500 graduates, plus 400 summer vacation interns.

He said as far as he knew Deloitte (which manages all its graduate recruitment internally) also received more applications than any other graduate employer in the country - about 10,000 each year.

Elliott said the Facebook profile had been live for the past three weeks, and had 1,000 followers so far.

The key point, he said, was that the

Monday, February 14, 2011

2011 to be a boom year for recruitment industry M&A

2011 will see a big spike in merger and acquisition activity in the recruitment sector, predicts long-term industry adviser and M&A expert Rod Hore, from HHMC.

Hore told Shortlist that the recruitment M&A market had slumped through the GFC, with vendors opting to hang on to their businesses rather than try to sell at vastly reduced multiples.

He said in many cases, proprietors had opted to cut their costs, ride out the slump and sell once profitability had been restored.

These vendors, many of whom were baby boomers looking to retire, were now putting their businesses back on the market.

The rise in committed sellers had been matched by the return of buyers, with publicly listed recruitment companies, niche international companies and large cashed-up Australian companies all back in the market looking for acquisitions.

Hore said there was also some interest from private equity companies that had existing businesses in the HR/recruitment space, or were looking for opportunities.

"We haven't seen activity at this level since 1999," he said.

He said the general return to confidence in the Australian and Asian economies was encouraging recruitment industry buyers to take a longer-term view and invest here.

Hore said while multiples paid for recruitment companies generally hadn't risen significantly yet, prices were higher because vendors were more profitable.

Buyers were also prepared to strike longer earn-out deals that rewarded vendors for successful performance.