This document discusses transforming a company's recruiting budget to focus more on Web 2.0 strategies. It begins by noting how job searches have shifted massively online in recent years. The presentation then outlines why companies should focus their recruiting efforts on Web 2.0 channels like search engines, social networks, and building an online talent community. Budget estimates are provided for various Web 2.0 projects and metrics for measuring their effectiveness are discussed. The presentation concludes by emphasizing the need to measure results and drive efficiency to gradually reduce spending on traditional channels like job boards and shift more funds to Web 2.0 over time.