ERE Job Boards
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More Monster
As we mentioned, Monster moved to the New York Stock Exchange today. A couple of videos from today feature Monster’s CEO Salvatore Iannuzzi. In one video, on CNBC, he says, “When everyone says things are bad, it must mean it’s pretty much the time when things will start to turn around. So I’m more optimistic than negative.” Similarly, in a Bloomberg video, embedded below, he notes that “the slowdown has been going on for nine months or longer … and I’d... |
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Tech Vendors Report Good 3rd Quarter; Job Boards Down
Third quarter financial reports are coming in for the publicly held recruiting industry vendors and the results show that the world economic condition is beginning to have an effect. HR technology providers Taleo (profile; site), Kenexa (profile; site) and SuccessFactors (profile; site), all of whom reported this week, mostly beat or matched Wall Street’s expectations for the quarter. Only Kenexa took a hit when it reported earnings that were lower than the same quarter in 2007. Both Kenexa... |
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Monster Creates Expo Buzz Over Its Coming “User-Centric” Launch
1.10.09. You couldn’t walk the floor of the Expo without seeing someone wearing the rectangular Monster button showing that date. They were part of the buzz the company is creating in advance of the launch of what it’s telling people is a new improved user experience. Taking to heart the message CEO Sal Iannuzzi has been touting that users are as important as recruiters, the company is set to roll out a new look and new features on January 10th. Monster was previewing some of what’s... |
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Startup Forum Gives Boost To New Businesses
Next week, four company founders will take the platform at ERE’s second Startup Forum to tell the world about their better mousetrap. They’ll follow in the footsteps of four other startups that introduced themselves at the Spring Expo in San Diego, and who, today, are just emerging from beta or, in one case, not yet there, or about to launch a new version, but in every case still still here and hopeful. At ERE’s Fall Expo in Hollywood Beach, Florida, recruiters will meet the... |
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Recruitment, HR Stocks Hit Harder Than Market
Recruitment stocks were no exception to the hammering stocks took today as investors worldwide drove down markets, sending a message to finance leaders that they were unimpressed with Friday’s U.S. bank bailout. A spotcheck of several publicly traded HR vendors showed most of them were off by at least as much as the overall markets, all of which closed down. The Dow Jones Industrial Average was off 370 points, a 3.58 percent drop that was actually considerably improved from the 800 points... |
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The Web 2.0 Job Seeker: Faster, Smarter, and More Connected
This year in the recruiting industry there has been a lot of talk about how companies are tapping into Web 2.0 technologies to enhance their recruiting. But how is the candidate community also using these technologies for their own purposes, and what impact is it having on our recruiting strategies? Web 2.0 Candidates Are: Faster. Candidates can gain access to more available jobs within minutes on any day. Smarter. Access to salary, compensation, and corporate performance data is everywhere. More... |
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Yahoo’s 4 Questions
Yahoo asks itself four questions when sourcing candidates of different generations. Where are they? How do they want to receive information? What makes them respond and engage? What’s the same and what’s different about the generations? Carol Mahoney, Yahoo’s VP of talent acquisition, talked about the questions today at an HCI event. For Gen-Xers, Yahoo is focusing more on career sites as well as recruiting events. For younger applicants, the emphasis is on social networking... |
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CareerBuilder Ends Video Resume Experiment
Little more than a year after introducing video resumes, CareerBuilder has discontinued the service. It was quietly taken offline in June. The company won’t say how many jobseekers posted videos, but it seems the participation rate wasn’t high enough to warrant CareerBuilder’s effort. Job board spokesperson Jennifer Grasz told us, “We’re always testing the market with new tools and services to enhance the user experience. If the response rates are not there, we’ll... |
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Ready For Your Closeup? Here’s A Quick Guide To Job Board Video Production
You’ve done your homework and sold the boss on getting a company video made. In fact, you did such a good job the CEO is hinting around about having a starring role, and since it was your idea, you’re in charge of the project. Now what do you do? Lucky for you, there’s no shortage of good choices. (Alas, there’s also plenty of bad ones, too, not to mention the CEO’s wedding videographer neighbor.). Large employers with big budgets that work with a full service recruitment... |
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RecruitMilitary Buys Competitor
Even the military is not immune from the consolidation of job boards. Today, RecruitMilitary, LLC announced it bought competitor Landmark Destiny Group for an undisclosed amount. A subsidiary of Virginian-Pilot Media Companies, a Norfolk, Virginia newspaper company, Landmark Destiny operates a job board for U.S. military personnel transitioning to the private sector and recently separated veterans. It will be merged into RecruitMilitary.com, a similar military-focused site. Both LDG and RecruitMilitary... |
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Pick A Color, Find a Career
If you’re into brown, blue and green you ought to go be a doctor or a forest ranger. See how easy picking a career is when you know your colors? Like white? Then interior decorating is for you. (Too easy. Everyone knows white goes with everything.) How about if your favorite colors happen to be black and red and orange? Maybe you just really like Halloween. Otherwise, you are “The Evaluator,” says a press release from CareerBuilder (profile; site), which just added a color wheel... |
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Assessment and Job Boards: Two Years Later
Back in 2006 I wrote an article discussing the integration of assessments into job boards. It was an example of the continued movement toward the inclusion of assessments into the mainstream of recruiting and hiring products and systems. In this article, I praised the progress being made in understanding the value of quality assessment products in the modern hiring process. I strongly believe that the words I wrote in 2006 are as relevant today as they ever were; in fact, they are more relevant... |
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New Media for New Media
From the online-recruiting grapevine: –(You heard it here first): NewmediaHire is going live with a redesign of its site today. If it looks familiar, it’s because it’s based on a platform called “Ning,” popular for building websites. The video-blog-discussion-heavy site is aimed at creating a sense of community — more than just job-hunting — and is aimed at an international audience (the site has a corresponding LinkedIn group and perhaps half of that... |
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Weekly Update: Quality of Hire, Cuil, Assessments
Quality of Hire Measurement Reporting and metrics is always a hot topic for recruiting, but so few companies do it right. In my research over the years, most companies measure time-to-hire and cost-per-hire but ignore quality-of-hire. Lisa Shapiro Mendell is an exception. She is interested in adding this key performance indicator to her recruitment metric dashboard and wants to know what other companies have done the same. Ravi Subramanian recommends hiring manager surveys and assessments. Michael... |
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Monster Buys Trovix And Beats The Street
Big news from Monster (profile; site) today. It bought jobmatcher Trovix (profile; site) for $72.5 million; settled that class action shareholder lawsuit over the stock options backdating for $25 million, and managed to beat Wall Street’s expectations for its 2nd quarter financial performance, earning 40 cents a share excluding one-time expenses. The Street consensus was the company would earn 37 cents a share. Total revenue grew 9% to $354 million, from $324 million in the comparable quarter... |