Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

How LinkedIn is Changing the Way You Recruit

Running A Business 4 min read
Yellow we are hiring sign on blue background

Ready to talk to an expert?

Imagine you’re a recruiter looking for a talented candidate to fill a role at your company.

Unfortunately, your inbox is filled with resumes from people who seem neither “talented” nor experienced in any aspect of the role you’re looking to fill.

What’s a hiring manager to do? Disappointed with the applicant pool, you turn to LinkedIn to identify the best possible candidates, even if there’s no indication that those people are actively looking for a new job.

And it works! Not only do you find professionals with the skill set you need, but several of them are willing to discuss the position with you.

Ben Wiant, Business Development Manager at Kelaca, a Raleigh professional recruiting firm, recently saw this exact scenario unfold when his company was contracted to locate an engineer with a unique professional background.

“We found a field service tech who was working 60 hours a week,” Wiant said. “He wasn’t actively searching for a job, but he was willing to talk to our client. Ultimately, we placed him in a position with much better work/life balance. He was delighted.”

Passive job seekers, massive opportunities

According to LinkedIn, 20% of its users are looking for a job. Another 20% are completely happy with their jobs and have no desire to leave.

It’s the remaining 60%, a hefty majority, that fall into the “passive job seeker” category: people who aren’t looking for new opportunities but would be willing to entertain a compelling offer.

Whether you buy LinkedIn’s 60% figure or not, there’s no denying that passive job seekers offer a much larger hiring pool than traditional job boards and classified ads.

Using LinkedIn, recruiters can search for keywords related to the role they want to fill and refine results based on location, industry, and other factors. When they’ve identified a person they want to contact, LinkedIn lets them send that person a message. All in all, the process is very simple.

“The ‘post and pray’ hiring model isn’t effective anymore,” Wiant said. “The best candidates almost always have jobs, so it’s up to recruiters to reach out to them. Social networks like LinkedIn are treasure troves of information that recruiters can draw on to find the best people.”

In Wiant’s experience, passive job seekers are often willing to talk to you about an opportunity, even if they weren’t expecting you to contact them. And while the “poaching” aspect of the practice may sound a bit sly, it’s quickly becoming the norm in the unrelenting quest for talent.

LinkedIn’s Talent Solutions tool

Adding to the treasure chest of benefits LinkedIn has provided businesses, the social media company’s “Talent Solutions” tools let recruiters perform very specific searches across the LinkedIn network, contact anybody they like, and visualize their talent-seeking progress with reporting features. The Talent Solutions suite is now one of LinkedIn’s biggest revenue sources.

LinkedIn also directs paying customers to promising candidates by returning results based on trends its data mining technology has identified.

Consider a sporting goods company in Asheville that’s looking for a qualified product manager. Profiles at the top of the search results might not just include potential hires located nearby – they might also include product managers LinkedIn has identified as likely to move to Western North Carolina.

Not only can recruiters identify the most qualified hires on the market, but they can fill positions more quickly, too.

Like online shopping, but for recruiters

Just as airlines now display their fares online through sites like Expedia and Travelocity for deal-hunting consumers, so too can recruiters “shop around” on LinkedIn for talent.

“Businesses trying to fill any kind of position should be looking for candidates on LinkedIn,” Wiant said. “Together with other social networks and Google, it’s one of the most useful items in your recruiting toolkit. Matching potential hires with our clients is our job, and we’re using these platforms all day, every day.”

It’s hard to ignore an endorsement like that one – unless you want the other guys to make off with all the talent.

Ready to talk to an expert?

Share:
First Bank’s Good To Know Logo
Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.
First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

Image for tile. Money Mule Scams: How Criminals Convert Fraud into Profit What is a Money Mule? Money mules are individuals who unknowingly or knowingly assist criminals in laundering money, often by transferring illegally sourced funds between accounts or across borders. The source of the money comes from fraudulent scams or other illegal activities like drug trafficking. Criminals use their mule’s identity and layer the illegal transactions in an attempt to hide the illegal funds from law enforcement. Once properly hidden, the criminals are able to access their funds and cash out on their illegal activity. Common Money Mule Scams There are a number of ways that criminals will try to hide their money from law enforcement. Money mules are a form of money laundering, where criminals attempt to make their illegally sourced funds seem legitimate. Here are a few common ways people can unknowingly fall victim to money mule scams. 1- Deceptive Job Offers Money mule scammers will act as employers offering high-paying, remote positions. Common job titles could be payment processor, financial coordinator, or international fund liaison. While these job opportunities seem legitimate, their primary function is to receive and transfer illegal funds. The criminal will wire a large sum of funds to the mule, then instruct them to keep a percentage and transfer the remainder of the money to a different account or purchase a certain amount of cryptocurrency. The criminal hides behind their mule’s identity and is able to more easily access their funds. 2 – Romance Scams This type of mule scam exploits a victim’s emotions and trust. Scammers will find their victims on social media sites, dating sites or other online chat channels. They will deceive their victims with made up personas often using stolen photos and fake details. Over time, the scammer will attempt to build an emotional connection by sending affectionate messages or personal stories. Once they feel they have earned the victim’s trust, they will fabricate a story requiring financial assistance. These are oftentimes medical emergencies or travel issues that need quick funding into an account. Once the scammer has convinced their victim to oblige, they will continue to exploit their trust to launder their illegal funds. 3 – Lottery, Prize, and Investment Scams If something seems too good to be true – it probably is. These scams typically start via an unsolicited message or phone call informing you that you’ve won a prize. They instruct their victims to take a number of steps before they can claim their prize, and that is where the danger lies. These steps could include gathering your personal details, wiring a “prize tax” or fraudulent fee, accepting a large sum of money, and/or transferring a portion of the winning funds to another account. Similarly, investment scammers typically promise their mule victims “return” for their illegal money transfers – sometimes in the form of cryptocurrency or percentages of the money they wire. What are the Consequences? Large overdraft balances are most often the first consequence to the money mule. Once the criminal has access to their mule’s account, they typically push a large lump sum out of the account. This amount oftentimes will exceed the typical balance in the mule’s account, leaving them with a substantial negative balance to dig out from. Acting as a money mule is illegal, whether the crime is knowing or unknowingly committed. The punishment for these crimes include imprisonment and federal charges. Additionally, your identity and personal information could be stolen from the criminals involved in the money mule scheme. Internet Crime Complaint Center (IC3): The IC3 is run by the FBI and accepts online internet crime complaints from the victim at www.ic3.gov How to Protect Yourself As with most methods of protecting yourself against fraud – remain cautious whenever someone requests your personal information or banking information. Only share those details with people or organizations that you trust. If you receive a job offer from an online business, do your due diligence to confirm they are a legitimate company. Additionally, a legitimate employer will not ask you to form a company or open a new bank account on their behalf. Always be cautious if anyone asks you to wire or transfer money on their behalf. Be weary if something seems too good to be true, like you’ve won an unsolicited prize or been chosen to participate in a giveaway. Scammers act on urgency. If someone is pressuring you to do something that you’re uncomfortable with, walk away. If you or someone you know is afraid they are involved in a money mule scheme, it’s not too late to stop.  Stop communicating with the person giving the directions. Tell your financial institution and consider changing accounts. Report suspicious communications or activity to law enforcement. The Internet Crime Complaint Center (IC3) is the Nation’s central hub for reporting cyber crime and run by the FBI.  Visit www.ic3.gov for resources and more information about how to file a report. Maintain receipts, contact information and communications (emails, text messages, voicemails) so that information can be passed to law enforcement, if needed.   5 min read
Business Spotlight: Little Black Dressing Video Business Spotlight: Little Black Dressing Co. Kissie Stroup started High Point-based Little Black Dressing Co. simply to “provide something for [her] family” but it has become so much more. The dressing is now carried in supermarkets across the region and was even the official dressing of the 2014 U.S. Open in Pinehurst. Video Transcript Kissie Stroup: I think my grandmother passed onto us taking care of the household. Families don’t do that anymore. You know, they’re off to baseball and then they’re off to football and they’re off to tennis or they’re at dance and the home life now seems to have lost its family orientation. And that’s what I think she did. She, and my mom, provided that for us. And that’s what I wanted for my kids. It’s a lost art. Stroup: I am Kissie Stroup and I started a food business called Little Black Dressing. We produce four flavors of refrigerated, all-natural salad dressing. I just wanted to provide something for our family. You know, my husband’s worked hard, the fabric furniture industry was not good during there in the crash seven years ago, and I thought to myself, “What can I do?” Stroup: I don’t have anything that anybody else really has, and I think that’s the key. You’ve got to give them something different. Food seems to be the thing that you come back to. You entertain, you eat around the table…it seems to be when we’re the happiest and when everybody gets along. So, we gathered around food. Stroup: I’ve had a lot say it’s the best dressing they’ve ever eaten and it’s because its fresh and its different. It’s unique. I’ve got four different flavors and I don’t do anything like the other flavors that you see in the refrigerated salad dressing section. Stroup: Why would I want to compete with those large companies? I don’t. I don’t want to. I want to do something different. I’m going to give you what I grew up eating and they’re unique, they’re different. Success: Is it making a lot of money? Because I’ve yet to do that. Is it that’s it’s in every grocery store in the nation? I don’t know. I don’t know what the success of it is. I feel successful that I 3 min read