Despite Weak Labor Markets Quality of Hire and Quality of Slate are Not Improving

Despite unemployment rates of 9.5% in the US and near 9.0% in the 27 nation EU, organizations are not hiring better candidates. Using the Roundtable’s ongoing survey of hiring managers, the Recruiting Effectiveness Dashboard (RED), we compare quality of hire and slate ratings between Q1 2008 and Q1 2009. The increase in talent availability is not translating into better quality- quality of slate increased a meager 3% and quality of hire remained statistically unchanged with an increase of only 0.1% year over year. Thus, despite the looser labor market we are failing to get better results.