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Recruitment spending focuses on professional, social networks

Spending on talent acquisition grew 6 percent to roughly $124 million in 2011, with a greater portion of those funds being used on professional networks, social media and customer relationship management technology, rather than job boards and recruiting agencies, according to a study by Bersin & Associates, a human resources...

By Amanda McGrory-Dixon | Updated on November 18, 2011

Spending on talent acquisition grew 6 percent to roughly $124 million in 2011, with a greater portion of those funds being used on professional networks, social media and customer relationship management technology, rather than job boards and recruiting agencies, according to a study by Bersin & Associates, a human resources research and consulting firm.

The study also finds that although the number of job applicants is high, companies continue to face difficulty in finding qualified candidates, which is leading companies to encourage internal mobility programs to fill open positions.

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