Yahoo! (YHOO) HotJobs to Recruiters: "We're serious about performance and you should be too"

In a significant shift for the recruitment industry, Yahoo! Inc. announced Yahoo! HotJobs Pay Per Candidate, the first performance-based online recruitment product that allows recruiters the option to pay for candidates instead of just paying per listing. This will help recruiters tie their dollars directly to results, allocating their budgets to only the most relevant candidates while speeding up the recruitment cycle. The product will be formally introduced to the recruitment community at the Society for Human Resource Annual Conference (SHRM) being held in New Orleans, June 28-July 1.

"Recruiters are being asked to find top talent using fewer resources than ever, and Yahoo!'s Pay Per Candidate model gives them the tools to increase the accountability of their listings," said Chris Merritt, vice president and general manager, Yahoo! HotJobs. "With recruiters facing resume overload in today's job market, the Pay Per Candidate will allow them to spend their time and budget on only the best candidates."