Tools and resources from the Nitron Advisors team. We tend to blog about investing, leadership, management, career acceleration, personal productivity, securities research, and online networks.
Don’t be so quick to try to get rid of your extra change. For the first time since the composition of the penny was changed to make zinc the primary component, Josh Wolfe reports that the raw materials that constitute pennies and nickels are worth more than the monetary value assigned to them by the US Treasury. With gains of 75% on zinc and 70% on copper this year, could melting coins become the next big black market business in the US (since it is, after all, prohibited by Federal law)?
Hat tip to Jonathan Rhinesmith
Greg Narain has some sound Advice to Fledgling Consultants.
AIRS has a master directory of job boards by geography and industry: http://www.airsdirectory.com/mc/directory_jobboards.guid?oemID=AIRS&siteLive=true
Tricks to Improve Your Memory
7 ways to recall your PIN number, the location of your wallet, or other key information.
My coauthor Scott Allen wrote on The Virtual Handshake blog:
I love to read blogs, but increasingly, I find it harder and harder to keep up with all the blogs I’d like to read because there is just so much good stuff out of there. And, of course, it’s all mixed up with a lot more stuff ranging from merely mediocre to just plain pointless.
Recently, I’ve particularly become a fan of the “blog carnival” format, a weekly traveling roadshow of the best of the blogosphere on a particular topic. I got overwhelmed trying to keep up with the dozens and dozens of good blogs out there, and just setting up search feeds on keywords wasn’t giving me a good variety.
Blog carnivals, though, give you a very concise view of some of the best of the blogosphere on various topics. Here are some that you may find particularly relevant:
To learn more about blog carnivals, including what they are, submitting articles, and a list of all known blog carnivals (here’s another), visit BlogCarnival.com. This site is a one-stop resource where you can subscribe to RSS feeds for individual carnivals, submit posts to multiple carnivals, and have some great tools for managing a carnival if you already run one or want to start one.
The MBAs of the Kellogg-Recanati Executive MBA program have posted summaries of all of their classes at: http://www.kr04.net/
This is a handy reference site—a summary of what you learn in an executive
MBA, all on one website.
Adobe offers a converter to PDF format on their site (for a fee), but there are countless other options out there that cost zero. Try www.Pdfonline.com or PDF Creator. They’ll convert documents from Microsoft Word, Powerpoint, and so on.
Via 101 Fabulous Freebies
Via Marc, I was led to a blog post by David Manaster on recruiter efficiency. He reports that “It would seem that (on average) the optimal workload for a recruiter is between 11 and 20 open positions. ”
I’d argue that the main reason for this phenomenon is that most recruiters are using only the traditional toolkit: Excel, Word, email, phone, to keep track of their applicants. Nitron couldn’t function effectively if we were this inefficient. John Younger, CEO of recruiting process outsourcer Accolo, observed:
I actually find this research to be right in line with our surveys for the typical recruiter today. We have found the optimal workload to be between 4 and 18 unique full-time jobs simultaneously. At 18 or more, the applicant screening, follow-up and tracking take a severe dive. The astounding part is that this is the same recruiter workload of 1963! Think about it. What else in our lives has not budged a bit in productivity in over 40 years! This is the time before e-mail, job boards, the internet and Starbucks. The core reason is that the recruiter today operates in exactly the same model as the early 1960’s. All we have done is pave the cowpath. It gets worse… the hiring manager service and applicant experience have actually diminished with all the technology noise in the middle. There are new models emerging, but there is an army of people invested in keeping things the same.
According to a staffing.org survey of 2,294 companies, during 2005, the national average Recruiting Efficiency Index was 12.3%. REI is calculated by dividing total recruiting costs, including recruiter salaries & overhead, applicant tracking, advertising fees, etc. and dividing it by total compensation recruited. Accolo reports an REI of under 7% for clients using Accolo’s system. Among the drivers for that efficiency:
- much higher per-recruiter workload
- use of online networks for recruiting (more on that topic)
For the lighter side of Wall Street, check out:
“DealBreaker is an online business tabloid and Wall Street gossip blog. It seeks to cover the personalities and culture that shape the financial industry, offering original commentary, news and entertainment.”
The Bullpen Report has much more of an insider’s feel, given that it’s written by investment bankers (Harvard MBAs) as opposed to journalists.