NEW YORK CITY, NY— MARCH 26, 2010 — Hodes iQ, Bernard Hodes Group’s award-winning talentacquisition and management product, has recently published a new research report compiled from their Talent Management Strategies Outlook 2010 Survey. The report details information from over 250 corporate HR leaders on the state of talent management in their own companies and their views on hiring activities, technology, social media usage and more.
Some of the survey key findings are:
- 58% of respondents expect retaining top talent to me more difficult in 2010, with nearly half anticipating a spike in turnover as the economy continues to recover.
- 35% of companies are dissatisfied with their current talent management solution with many not using its full capabilities due to expensive add-ons and unnecessary features.
- Over half expect to use Web 2.0 and social networking technologies more aggressively in 2010, but over a third admit they don’t have a solid grasp on the best ways to leverage it.
- Nearly 40% have budget increases geared mainly towards leadership development, talent acquisition and employee engagement strategies.
“Our research allows many companies to get insight into what their competitors are thinking and doing, as well as validates the direction we are taking our own Hodes iQ product offering,” said Dwaine Maltais, senior vice president, e-Recruiting Solutions. “Our Recruiting Widget adoption has grown significantly over the last several months and it would seem its success runs parallel with the sentiments we heard in the research – people still struggle with how to leverage social networking and are looking for guidance along with an easy and safe way to get started.”
The research also highlights candidate and employee trends, how companies of different sizes view their talent management needs, and where companies are places their largest investments in 2010 and why.
ABOUT HODES iQ
Hodes iQ makes talent management work for companies that know what they want from a talent management system by delivering flexible software solutions for talent acquisition, candidate sourcing, onboarding, career websites and recruitment process improvement. Hodes iQ also integrates seamlessly with best-of-breed solutions for performance management, succession planning, assessment and background checks. Hodes iQ is supported by superb customer service, best-practice consulting and decades of experience through Bernard Hodes Group, offering unparalleled expertise in the recruitment marketing and employment branding industry. Hodes iQ offers several product lines for the Fortune 1000 and mid-sized companies, as well as growing businesses. Hodes iQ is on the Web at www.hodesiq.com.
ABOUT BERNARD HODES GROUP
Bernard Hodes Group (www.hodes.com), a leading fully integrated talent solutions provider, offers solutions that often combine multiple service offerings from the Company's core competency areas: Recruitment Marketing; Sourcing/Response Management; Hiring Process Re-engineering; and Staffing Technology (see www.hodesiq.com). All solutions are developed and measured within the company's 360-degree process methodology. The company is headquartered in New York, with over 80 offices and affiliates around the globe. Bernard Hodes Group is a part of Omnicom Group, Inc. (NYSE - OMC) (www.omnicomgroup.com). Omnicom is a leading global advertising, marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, interactive, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries. Bernard Hodes Group serves thousands of clients in virtually every industry, helping them to attract and retain talented workers in every skill set.