Facebook proves employment goldmine for bank

Posted by Jon Wilcox in Technology on Tue, 15/09/2009 - 12:08
  • Bank taps into Facebook for recruitment
  • Nomura takes on 60% of former Lehman Brothers trainee graduates

The use of social networks in business continues to prove popular, after it emerged Japanese bank Nomura utilised Facebook to recruit former graduate trainees of failed investment bank, Lehman Brothers.

It’s claimed up to 60% of Lehman’s trainee graduates were hired by Nomura, following the Japanese bank’s use of Facebook to identify potential candidates.  Last autumn, Nomura acquired Lehman Brothers’ European, Middle-Eastern, and Asia-Pacific arms, for the combined sum of just $4. Today’s news comes on the anniversary of Lehman’s demise, which subsequently triggered the banking crisis and led to the current recession.

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Editor's Welcome

 

Hello! And welcome back as we enter 2012, with a busy year ahead of us all. With talk of double-dip recessions, a possible partial or even full break-up of the Eurozone and unemployment rates set to hit nearly 9%, topics such as organisational streamlining, staff resilience and talent management are likely to be on many an HR professional's lips over the next 12 months.
 
But to lighten the gloom here in the UK, we also have the Queen's Diamond Jubilee and its attendant public holidays to look forward to at the start of June. Followed by two weeks of Olympic Games from 27 July to 12 August and the Paralympics from 29 August to 9 September, each generating their own excitement, but also issues to work through for hard-pressed HR departments trying to sort out the multifarious staffing issues in advance.
 
So with an interesting but challenging year to come, HRZone promises to be with you, supporting you all the way and providing our usual insightful blend of news, analysis, community blogs and expert comment to help you sort the wheat from the chaff. As ever, we love to hear from you too so feel free to either post your words of wisdom to our blog section yourself or, in the case of longer, more in-depth ‘expert voice’ articles, drop me a line with any ideas to cath.everett@siftmedia.co.uk.....
 
Cath Everett
HRZone Editor 
 
 
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