Tag Archives: employment

Glassdoor Profiles: Companies Must Make them Their Own

As their name implies, Glassdoor is a company that provides a “clear view” into what it really looks like to work for companies in the hedge fund, business and finance sectors. Glassdoor has become a website which is an indispensable tool for talented, and therefore in-demand job seekers who can afford to be discerning about who, and what companies they work for.

The Glassdoor profile is generated (presumably) by current or past employees, with candid and detailed information about salaries, corporate culture, management and more general reviews of the company under scrutiny. Although not originally created as a resource for job seekers, prospective employees scan Glassdoor to find out which companies offer the best job opportunities overall.

The forced transparency created by Glassdoor incentivizes companies to do better so that they can compete effectively for the best and the brightest talent looking for employment. In the case of job seekers in the hedge fund sector, Glassdoor is the most popular career site by far.

In addition, a crucial development has been underway which makes Glassdoor profiles even more significant. According to an article published in May 2014 in Search Engine Land, Glassdoor greatly benefited from the Google Panda 4.0 algorithmic update. Google’s new algorithm saw Glassdoor’s status as a third-party, user-generated content website as not only a legitimate Google search result, but an even more valuable one.

Given the importance of Glassdoor to the success of the company, it follows that companies should want to take control, at least some extent, of their profile, and not ignore it. This is easily accomplished by acquiring a “Free Employer Account” which allows the company to make basic edits to the company’s profile and give feedback to reviews posted by employees.

Glassdoor was able to prove to Google’s algorithm that it supplies the public with high-quality, reliable content. Now all companies need to do to take advantage of Glassdoor’s excellent reputation to protect and expand their own.

Poll Shows New Hiring Lagging Behind Recovery

A new survey conducted by the National Association of Business Economics showed that about two-thirds of those polled do not expect to see any change in employment in their companies over the coming six months. This is the largest number of employers in recent quarters who do not plan on taking on new employees, despite the fact that they do believe that the economy will prove to be a bit stronger this year.

The US economy seems to be reaching a plateau as the jobless rate falls to its lowest in three years, 8.5%, yet fewer businesses seem to be ready to hire new workers, compared to the previous industry poll.

The survey was done between December 15, 2011 and January 5, 2012 and found that 65% of those polled are expecting a rise in the gross domestic product of at least 2% between last year’s fourth quarter and this coming year’s fourth quarter.

This figure was higher than the 1.6% growth rate which economists suggested when a Reuters poll questioned them.

Approximately two-thirds of the polled companies do not believe that the economic crisis in Europe would have much of an impact on their own sales in the first half of 2012. A pessimistic view was taken by 27% of those surveyed, believing that they will see a decline in sales of 10 percent, or less.