During the y2k boom time and then again soon after the dot-com bust, every job opening we advertised resulted in literally thousands of responses. I remember once, we had advertised for a VC++ software engineer with 5 years of experience in Hindu's wednesday morning opportunities column. It was only a 3 inch ad. When I reached office at 8:30 AM that morning, our mail box was flooded with over 8000 resumes - all within 2 hrs of publication! By the end of that day, we had received well over 20,000 resumes. Of course, most of the resumes we scanned had no relevance to the job opening we had advertised. If there had been a valid candidate in that pile of resumes, we failed to find it, though I must confess that after having read about a hundred of the received resumes, I gave it up as a bad job.
When I think of the financial and market situation today, and when I read articles like this, I cannot but fear that we may be in for another round of resume overload. Are we prepared for it this time?
How are we going to track responses from multiple sources?
How are we going to separate the grain from the chaff (the 10% good candidates from the 90% of irrelevant respondents)?
How are we going to identify the promising ones out of the 10% of the respondents that are relevant.
The companies that have answers to these questions will be able to attract, find and employ the good candidates who become available in times like these. The others will miss the boat (again) because they will not be able to find the right applicants from among the 1000s of applicants.
At JobsByRef.com, we are launching an intuitive online respondent management system, so that you don't have to read through 1000s of resumes to find the right candidates. No matter where you advertise, be it online on job sites, on in traditional media such as newspapers and journals, we will let you keep track of the responses and provide you with advanced match-scores and analysis options so that you can zoom on to the right candidates everytime.
If you are an employer, you can register here if you are interested in our respondent management system. We will get back to you as soon as we launch (Mid-Q4 2008). Early registrants will get our free introductory 3 month offer.