Thursday, March 03, 2005

The Great Race for Talent

The Great Race for talent is on again. The race has been announced by a falling unemployment rate for college graduates, which is down from 3.1% in January of 2004 to 2.4% in January of this year. It has also been announced by an increase in cost per hire, which, despite better use of technology and the use of fewer and less expensive contractors, has crept up every year since 2001, according to Finally, it has also been announced by the constantly repeated theme at recruiting conferences about how few good candidates are applying.

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