Seems like LinkedIn is benefiting from the recent financial industries crisis. According to a post at Cheezhead they have had significant increases in registrations and in recommendations: The site has reported a 17 percent increase in registrations in the last two weeks. They are now claiming to reach 28 million users, up one million from last quarter. Reports show that memberships from people representing the financial sector have also doubled after thousands of people have been laid off or threatened with termination as closures and mergers usurp industry leaders and rattle the core of the sector. The site also claims to have seen a 14 percent increase in recommendations, most… Read More
Continue ReadingThe Migration To Niche Job Boards
One of the points we always push when it comes to sourcing is to use multiple channels that still includes online job boards. In fact we use them during our sourcing efforts, however if you talk to other recruiters you will probably hear that running ads on the boards will only get you active job seekers (the unemployed). We find that at least half of the salespeople that respond to our ads are currently working or what other recruiters call passive job seekers. So the one thing we are always looking for are niche job boards to try out. What we are finding is that the niche job boards deliver on their… Read More
Continue ReadingOnline Job Ads Decrease
No question the economy is slowing down so this article from Forbes.com is not surprising: The Conference Board found there was a total of 3,733,200 online-advertised job vacancies, a 0.6% decline from March 2007 and the first year-on-year fall in total numbers since the index began in 2005. The Board said the decline reflects a slowing in annual growth in 42 states, with 14 states showing negative growth. Yes, I know, the index is only a few years old, but there is enough data to show the present-day trend. Here is some anecdotal information from the survey: The online-ad volume in California dropped 118,000, or 19%, below its March 2007… Read More
Continue Reading50,000 Job Boards
Honestly, that is the number of online job boards according to Peter Weddle in this Wall Street Journal article. I had no idea. Some perspective from the article: About 2,000 new job boards have launched annually since 2000, and there are currently about 50,000, says Peter Weddle, chief executive officer of Weddle’s, a publisher of guides to job boards. Of these, about 30% are general job sites while 70% specialize in a particular niche, he adds. And the two big boards: Still, the nation’s largest job boards saw fluctuations in traffic over the past year. For example, Monster.com had 11,317,000 unique visitors last month, about 9% less than for the… Read More
Continue Reading