Headhunting Talent Directly from your Competition

The latest i4cp study reveals almost 50% of companies recruit from their competition, while 25% headhunt from their competition directly.

http://www.i4cp.com/news/2009/12/10/need-talent-25-of-companies-are-contacting-competitor-employees-directly

Some key stats from their study include:

- a quarter of companies surveyed said they recruit new talent by contacting their competitors' employees directly. Over 40% say they actively source competitors' employees in certain positions to a moderate or higher extent.

- when searching for talent, 67% of respondents' organizations utilize recruiting firms to fill positions. Not surprisingly, large companies (10,000 employees or more) are more likely to use an external firm (79%) than firms with 1,000 workers or fewer, which reported they do so 58% of the time.

- 23% of polled organizations said they don't plan to headhunt in the near future, while 22% are "discussing" the option, 20% are planning to try it on a limited basis and 16% plan to use headhunters on an increasing basis. Almost a quarter (23%) of high-performance organizations plan to increase the use of competitive recruiting practices, compared to just 4% of lower performers.

- how else are companies recruiting these days? According to the study, 13% opt for online search engines (Google, etc.) from a high to very high extent, and the same percentage turn to LinkedIn as an avenue for finding talent search options. High-performance organizations are more likely to use search engines (20%) and LinkedIn (12%) than lower performers (23% and 9%, respectively

Is your organization using more in-house resources to recruit or continuing to rely on external recruitment firms?