No. 1 Story

CIO confidence; a dead cat bounce?

At a time when banks are shedding IT roles by the dozen, it seems counter-intuitive that 83 per cent of the nation’s chief information officers should report they are confident about the future of their business to the extent that 45 per cent expect to hire IT staff in the first six months of the year. The question remains – is this a dead cat bounce?

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Dosh handouts cruel headhunters

IT People - Recruitment

More IT companies are turning to social networking to recruit talent, offering cash payouts of up to $10,000 for referrals, in a move that is nipping at the heels of some IT recruitment firms.  Local software house Atlassian which has been the poster child for this practice will next month launch a second wave of social networking based recruitment initiatives.

The company really upped the ante a year ago when it launched a campaign to find 32 software engineers using its staff’s social networks. Atlassian staff who successfully recruited people to the firm were paid $10,000 and anyone else who referred an ultimately successful candidate scored $2,000.

Ultimately 44 people were hired through the initiative – and the company will next month run another social networking based hiring campaign global HR director Joris Luijke told iTWire today.

Information and knowledge management consultancy, UniqueWorld also announced today that it would use social networks and a $2,000 incentive for staff to try and attract talent directly, bypassing traditional recruiters.

According to Eddie Geller, Unique World CEO, online sources have provided the company with most of its new professional staff over the last year. Like Atlassian it is enlisting staff to try and find 18 more professionals to join its team of 50 people in Sydney, Melbourne and Canberra.

Salaries on offer range from $80,000 to $150,000 he said.

“Instead of paying recruiters, we’ve decided to enlist existing staff to help locate and attract new professionals.   We’re calling on them to utilise their social networks to help identify new hires, and we’re offering a cash bonus if they refer a friend or contact that is hired,” according to Mr Geller.



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