159. RECRUITERS IN ONLINE JOBS

Prior to joining the online recruitment industry, Ferguson developed strategic partnerships for DigitalWork.com, a developer and operator of technology services and applications for banks, financial institutions, ISPs and other small businesses. He also founded and managed Woodington Management LLC, a real estate company, and founded and led operations for Merg Inc., a waste management company that was later sold to Republic Services, an environmental services provider.

Early in his career, he practiced law at Baker & McKenzie, one of the world’s largest law firms serving a variety of corporate clients. Presley held a number of technology positions including senior consultant and system architect at Advance Technology Corp., a technology solutions provider. Prior to Advance Technology Corp., Presley was as a lead developer at Northern Telecom Ltd., a global communications networking company.

Online recruiting has revolutionized traditional recruiting in the business world. It is no wonder, since it decreases time-to-hire, delivers a better candidate pool and is more cost effective than any other means of reaching potential job candidates. With shorter employment tenures, shrinking labor pools and the growing demand for diverse talents in the market, the need for effective recruiting strategies is greater than ever, especially using an integrated recruitment resource capable of delivering results online, in Sunday classified newspaper sections, through job postings and career fairs.

Online recruiting is growing at breakneck speed. The industry is poised for explosive growth as the online recruiting market’s revenues are forecasted to grow from $780 Million in 2001 to almost $2.3 Billion by 20053. Most of this growth is expected to come from companies new to the online recruitment scene, particularly small and midsize companies that make up the bulk of employers. Furthermore, the complexity of the solutions is intensifying as corporations continue to gain confidence in using the Internet as a recruiting resource. In the next few years, it is expected that web-based recruiting solutions will expand exponentially as corporations adapt multi-pronged online recruiting strategies for filling all levels of positions.