Industry-leading Corporations Launch AllianceQ Recruitment Collaboration; Founding Members Include ADP, Baxter, Best Buy, Entergy, FPL Group, Starbucks, Wachovia
Written by admin on Wednesday, July 9, 2008 9:00 - 0 Comments
AllianceQ set to revolutionize the $58 billion recruitment industry by creating a free supply of job candidates for Fortune 500 companies
CHICAGO, IL (July 9, 2008) – A group of industry-leading Fortune 500 companies today launched AllianceQ, an organization created to build a free, exclusive and perpetually growing pool of job candidates to drive down its members’ cost of recruiting. Founding members include Automatic Data Processing, Inc. (ADP), Baxter, Best Buy Co., Inc., Entergy Corporation, FPL Group (Florida Power & Light Company, FPL Energy), Starbucks, and Wachovia Corporation.
The technology behind AllianceQ continually matches job candidates to employment vacancies across all
Alliance member organizations. The result is that participating companies now have a free way to source
new job candidates, and can offer those job candidates they cannot hire, opportunities with other
AllianceQ members. The Alliance’s goal is to provide its members with a zero cost recruitment solution for
three out of every five jobs.
U.S. employers spend billions of dollars every year in their attempts to reach relevant and qualified
candidates. According to Borrell Associates, total recruitment spending is expected to increase from $58
billion in 2008 to $73 billion in 2012. The average cost to obtain an entry-level hire ranges from $3,000 to $6,000 (source: “Making Sense of Recruiting ROI,” Experience.com 2008). For the most part, these
investments are not fully utilized and the expenditures to attract job candidates are repeated every year.
AllianceQ was conceived, formed and implemented by QuietAgent (www.quietagent.com) – a third
generation recruitment solution – in response to the increasing time, energy and cost corporations often
waste while recruiting qualified job seekers.
Jason Kerr, co-chairman of AllianceQ and CEO of QuietAgent, explains, “Collectively, the Fortune 500 is
the world’s largest job board. They have all the jobs, they attract the most job candidates, so it just makes sense for them to collaborate resources and help each other save money.”
The founding members of AllianceQ agree.
“Best Buy cares about people and wants them to be excited about bringing their interests and unique
talents to work,” said Kristina Parker, director of selection, Best Buy. “Working with AllianceQ ensures that our candidates can be connected to opportunities – inside or outside of Best Buy – that can put their
strengths to work.”
“AllianceQ allows us to collaborate with other large corporations to help solve recruiting challenges while
offering our candidates a higher level of customer service,” said Janet Manzullo, senior vice president for
recruiting, Wachovia Corporation.
“The ‘race-to-talent’ is an issue for corporations of all sizes,” said Peggy Jude, vice president, HR Shared Services, ADP, Inc. “ADP is a worldwide leader in the HR industry and we believe that AllianceQ offers us a unique way to get access to the best candidates in the market today,”
Information about joining AllianceQ is available at: www.allianceq.com.
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