Accolo Inc., a recruitment process outsourcer (RPO) for small and mid-sized companies, has been named the #1 Project/On Demand RPO Provider in HRO Today magazine’s survey of RPO firms.

The HR-focused magazine polled 262 HR professionals nationwide that utilize RPOs.

“We are thrilled to be recognized as a World Leader as a result of this survey, which was voted on by small and mid-size customers who realize that their hiring solutions need to be solved differently than in the enterprise space,” said John Younger, CEO, Accolo.  “Small and mid-sized companies require a more flexible delivery model, and this recognition is part of a broader trend of small and mid-sized companies looking leverage an outsourced model.  Our unique blend of process and technology allows us to support a market segment that has been largely overlooked by other RPO providers.”

Accolo offers a full-service recruiting solution that replaces or compliments the internal recruiting functions for companies in the software and technology, digital media and marketing, engineering and manufacturing, and sustainable enterprise industries.

Popularity: 8% [?]

A new job board called MoneyBackJobs.com rewards job seekers with a bonus of 5 to 7.5 percent of their starting salary.

Employers pay $50 to post a job on MBJ. When an applicant is hired, companies also pay 12 percent of the candidate’s salary to the job site.

Here’s the kicker: MBJ offers job seekers cash rewards to remove their resumes from job boards. Most likely job seekers will be reluctant to comply with such a request, especially in such a sluggish economy where people looking for a job want to get as much exposure as possible.

“With MoneyBackJobs.com, we wanted to give people a break from the standard, stuffy, and boring job board,” said CEO Mark Thomas. “Job seekers who use our site get cash for accepting a job, and employers pay substantially less for getting their pick of the talent pool. Both parties get incentives for making their listings exclusive to MoneyBackJobs.com. We’re pioneering a more efficient model for connecting job seekers and employeres that rewards both sides.

The concept of the sides sounds lot similar to NotchUp.com, in which companies pay job seekers for the opportunity to interview them. In this case, job seekers have a couple different ways to earn some extra cash. But does the site offer enough incentive to keep a monogamous relationship between job board and job seeker?

Thomas thinks so. “This will eventually result in a more efficient job market with businesses spending less money to attract the right talent and professionals getting bonuses for finding the jobs they want. When people get used to our rewards structure, it will be difficult for them to go anywhere else.”

Popularity: 8% [?]

Taleo, a provider of on-demand talent management solutions, has announced the completion of its acquisition of Vurv Technology, a Jacksonville-based company also specializing in talent management software.

“The addition of Vurv’s employees, products and domain expertise will enable us to enhance our solutions for customers, increase efficiencies and significantly expand our opportunities for growth,” said Michael Gregoire, Chairman and CEO of Taleo. “This acquisition reinforces our leadership position and commitment to delivering continued innovation to our growing customer base. The combined power of Taleo and Vurv will allow customers to better leverage the benefits of a unified talent management platform, providing a cohesive view of recruiting, performance, succession, and compensation to drive improved business results.

Taleo first announced it was acquiring Vurv on May 6. The completion of the acquisition comes after Vurv laid off 79 employees mid-June.

The combined companies serve over 3,400 customers around the world, including 48 of the Fortune 100, and more than 2,800 small and medium-sized businesses.

Popularity: 8% [?]

A recent survey conducted by Harris Interactive in partnership with Careerbuilder and USA TODAY forecasts a hiring decline in the third quarter most prominent in the Midwest and Northeast regions. Results suggest the recruiting slump was brought on by a mixture of lethargic economic growth, high oil prices, and subdued consumer spending.

About 2,900 hiring managers and HR reps and 7,900 workers in private sector companies responded to the survey, which was conducted May 22 through June 13.
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Popularity: 4% [?]

A new survey from Realmatch.com, a job site that charges a fee only when a company expresses an interest in a job seeker and pays to have the candidate’s contact information revealed, asked 3200 Human Resources professionals if they were satisfied with their current job boards, and if not, why?

Over 68 percent of respondents said no, they were not satisfied, whether it’s due to pricing, technology, or lackluster results.

A whopping 75 percent of respondents said that resume databases do not uncover quality candidates. No surprise there, since finding the right person via a large database is like searching for a needle in a haystack. One might spend hours typing in various acronyms, adjectives, and well-worn phrases like “problem-solver” or “top earner 2007,” when they really wish that the perfect candidate could be packaged with praise and hand-delivered to their in-box with minimal leg work.
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Popularity: 5% [?]

Vurv Technology, a Jacksonville-based company that provides talent management software, will cut 79 employees, according to the state Agency for Workforce Innovation.

Vurv was recently acquired by Taleo for 128 million dollars. The combined companies serve over 3,400 customers around the world, including 48 of the Fortune 100, and more than 2,800 small and medium-sized businesses.

Taleo expected the acquisition to close in the second quarter.

Popularity: 3% [?]

The five-year-old professional networking site, LinkedIn, which yesterday received a valuation of $1 billion by investors, has received $53 million in venture capital funding by Bain Investors and and three other investors in exchange for a 5% stake in the Silicon Valley company.

It’s one of the highest valuations for a Silicon Valley start-up since Facebook’s $15 billion dollar valuation by Microsoft last year.
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Popularity: 2% [?]

MyCredentials, a career portal website that provides job seekers with their own customized website complete with a URL, unlimited web storage, and flash graphics is now including a membership starter plan as the first tier in available options.
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Popularity: 3% [?]

Bullhorn, a global provider of recruiting software for search firms, recently announced the completion of $26 million in new financing, led by venture capital firms Highland Capital Partners and General Catalyst Partners.

The investment comes after Bullhorn achieved a 400 percent revenue growth rate during the past 3-year period. Bullhorn CEO and co-founder Art Papas discussed why the achievement was so important for Bullhorn, especially in their market space.

“With regards to the funding, I think it might be a record for the staffing and recruiting space,” Papas said. “I don’t know of any other company in our space that’s created this much capital, even inflation-adjusted, so it should have a real impact.

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Popularity: 6% [?]

Social networking, the world’s leading online connection tool, and referral recruiting, the most cost effective and efficient form of recruiting, have announced a merger on Yellojobs.com.

Under the agreement, social networkers can now generate income by leveraging who they know. Social networkers can search the job ads on Yellojobs.com and refer jobs with referral rewards to their friends. When a referred friend gets hired the referring party collects the cash reward.

The merger further stipulates that referral recruiting has finally entered the online world. Employers have long known that referrals are the best way to tap into the “Passive” candidate pool. However, effectively reaching that audience through the web has to this point eluded employers. Now, with Yellojobs.com employers can post job ads with referral rewards for free. Since Yellojobs.com is entirely success based employers can post unlimited job ads with no risk.

Popularity: 2% [?]