RJ and Makay

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More employers are backing away from using social networking sites and search engines to screen employment candidates, according to a survey by The Society for Human Resource Management (SHRM).  Legal risks, including discovering information about protected characteristics, lack of verifiable data and lack of job related information are some of the reasons why companies have pulled back from recruiting at social sites.

For the Securities and Exchange Commission (SEC) to be able to do its job next year, it'll need all $1.4 billion of its proposed 2012 budget, SEC Chair Mary Schapiro told a House financial services subcommittee on Tuesday.

That $1.4 billion would cover the 780 new hires necessary for the SEC to perform its core functions and comply with Dodd-Frank, according to Schapiro. “Not only does the Dodd-Frank Act create significant additional work for the SEC, both in the short and long term, but the agency must also continue to carry out its longstanding core responsibilities,” she explains.

According to a new hiring survey by employment research firm Morgan McKinley, more than half of financial services companies expect recruitment to rise in 2011.

Of the hiring managers surveyed at such companies, 54% anticipate a rise in permanent hires in the first half of 2011 compared with 29% who say that only temporary staff hiring will increase during that time. In addition, 34% expect their organizations to focus on replenishing staffing levels, while 36% anticipate equal focus on new headcount and replacement hiring.