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doing some market analysis at moment - and following Barack Obama being more positive about stuff thought i should drag everybody down (particularly the battered print industry).As we know Public Sector vacancies have been relatively robust at present and this has consequently meant that their share of the total market has grown from 20%(2007) to 40% (2009).Now whatever government is in power - vacancies have to collapse as spending is cut in next few years to restore some semblance of sanity to government finances.Sadly this will impact most hard on local papers as it is one area that has not taken a huge dive for them in last 2 years and online migration has not happened as quickly in other areas.Lets all hope that the private sector's green shoots turn into full blooming ecenomic recovery to mask the public sector recruitment dive.
Finally - i think in October i did not really know anyone who was out of work - i now know of at least 8-10 senior-ish people who are - and none of whom tell me there is much out there at all in terms of exciting opportunities.
Anyway hopefully this was not too glum - as one advantage of being a bit older is i have been through it before and it passes and it can pass quite quickly - and ultimately there will be big big winners from this period of change - just make sure you are in the winners camp!
OK – a bit if a context first – we at OME love our media relationships – and most people we deal with are absolutely great. Let me also be clear i personally don’t mind beng phoned loads, being chased for biz hard or being expected to justify our media planning. I am also aware that i may just be a grumpy old man or worse...
5 Things i Dont Like in My Media Relationships
1. Overfamiliarity. I just don’t feel comfortable with the chit chat until we have discussed some work/potential work and got to know each other a little better. Classic example being asked “how was my weekend?” by people I don’t know at all. As i have 3 young children – the answer is probably very little that will sound good to you when i tell you.
Oh and PS. don’t say Happy New year to me on Jan 31
2. Rudeness – i don’t like it in colleagues, clients or myself. But it always shocks me when a rep is rude to me or one of the team and it happens more than you would think. Now it may be that you are having a bad day or under pressure or we have annoyed you in some way. But i can guarantee you 2 things – 1. It won’t help you get any more ads out of us and 2. Your mum would not like it if she heard you – its just bad manners
3. Dealing with a “chocolate teapot” - no, Jamie – that’s not rude- I mean it in the context of “you are about as much use as a ...” Its absolute fair and reasonable to take timeout in a negotiation or have to discuss very significant things with someone senior. But don’t refer every single little thing to your manager otherwise just put your manager on our account as it cuts out the middleman and speeds everything up.
4. Bad service/Bad selling – there are brilliant sales people and brilliant account managers out there – dealing with agencies mean you have to be reasonable at both. Entry level good service is doing what you say you would do. That is hitting deadlines, checking work, listening to the brief. My key gripe on this is it makes us look *** if you don’t do it... Speaking for OME, good service significantly impacts some of our media decisions. Personally speaking – i also am not a big fan of the “nice” account manager who never sells to us. We like to know about your product enhancements, your expansion etc – and yes – we will mention these things to our clients where relevant.
5. Dealing with an “Olympic Flame” – so called as he/she never goes out. If we have spoken to you for a year – booked some ads – shared an occasional laugh. Then come and see us – we will even buy you a cup of coffee and a bun if you ask nicely.
Now being as I spent most of my career working for a media owner – I could start a list of what bugs people about agencies – but that’s for others to chip in!
is it me or is the recent Monster story - a story that appears about 3 or 4 times a year in different formats (Government about 3 times last year and i am sure Monster have been the subject before.) I had to get immersed in it as we are knee deep in a couple of campaigns (1 for government) with Monster and i need to make sure i communicate 100% accurately with clients about it but otherwise i could nbot bring myself to engage with it. Possibly a problem!
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Clearly her sophisticated online ballot box stuffing has secured her youngest (and best) son's nomination for this Best 2008 Recruitment Blog Awards. Please feel free to vote for me or indeed anyone else if you are so minded.
Now it would be easy to pretend that everyone is at this point but that is not the case - most of the work that enabled this to happen occurred in 2007 - and there is an awful lot of unglamorous grunt work involved in proper tagging and tracking both from client side and us - but the benefits are enormous - primarily the ability to show the reduction in cost per hire, the efficiency of the process and the real time visibility of the numbers.
Hang on - i think i have to shroud what we do in complex web talk otherwise anyone will think they can do it - and we cant have that can we!
I have never experienced a more "interesting" year (both good and bad) in my business career as this year. I will try and get some more formal comments on what i think have been the key trends this year and what i think will happen next year over next couple of weeks - hope to have a bit of time as it is definitely getting a wee bit quieter out there.Overall - it feels like 2008 was the year that online became a core (probably "the core") element of a companies recruiting and employee engagement strategy. The level of complexity and sophistication in our client discussions has moved on more this year than the previous 2 years combined. That shows itself in spend and breadth of techniques adopted (SEM, Business networks, social networks etc) but most importantly - quantifiable tangible and documented results which show the great improvement in ROI - effective online recruitment/engagement gets companies.Anecdotally - most of us who have been doing this a long time agree that these days you don't have to sell the concept anymore - it really is about the right product and brilliant execution. In that sense - The West has been Won.However - when a great big hulking macro economic trend comes into play - recruitment can simply stop and no amount of cleverness and expertise can always get round that objection.I am in the camp, however, that though fist half 2009 will be v tough - those efficient value led companies (like OME!!) will benefit hugely as the downturn lessens.
Been having some interesting conversations with the team at Linkedin in last few weeks and getting some corporate contracts arranged for our larger clients. I have to declare an interest here - I absolutely LOVE this product.The growth in users is phenomenal (1 million more every 15-16 days globally) - the profile of the users amazing (avg UK salary £62,000 which used to be higher than global avg but is now lower - following sterling dropping like a stone) and usability simple.We have undoubtedly seen improved results in some targeted campaigns we are running in last 6 months - but i cannot profess to know where Linkedin will end up in the recruiting/employer brand piece - will it be a market dominant place for senior executive networking/communicating/advertising or a big fat senior CV database. Gross oversimplification i know but both are sort of possible.Next 2 years will be fascinating.
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Had the first feedback as to impact on the Jobsite splurge on TV advertising (and other media)Application levels have increased 27%.(October vs September)New registrations (Jobsite.co.uk only) have increased 48% (Oct vs Sep).Searchable CVs are up to 679,000 - with new CVs up over 100% (Oct vs Sep)It is important to note when discussing media stats that i actually trust these numbers - i can't quite work out whether i expected the figures to be even higher - it was a very big impact campaign.TV advertising tends to be brand building led rather than direct response but this does show you that the connection can be made between TV ad and searches/registrations (or did they just up the SEM spend accordingly at same time!)I think the benefits will accrue over a long long period of time and that Jobsite previously probably the lowest profile of the general job boards amongst UK populace will no longer occupy that slot and that this definitely will result in improved long term traffic stats.
So not sure it tells anyone quite what is going on out there - but for us its OK - but would like it a bit better please!
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In summary - Broadbean is a great business - nicely profitable, low overheads, loyal customer base, limited competition but not quite sure how it fits into AND/Jobsite's product set. But that's not the worse problem to have.
Dominic Sumners
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Member since: 18 Aug 2008
Last login: 15 Apr 2009
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