HotJobs Case Study: Vertical market entry
strategy the key
HotJobs
is a consumer facing online job search engine and back-end
system that provides tools for employers to post, track, and
manage job openings. Founded in 1996, the site grew to
become the #2 job board when it was acquired by Yahoo! for
$460M in 2001. By that time it was generating $120M in
revenue per year. (Startup
Review)
Modern Online Career Portals – The
One-Stop Shop
In the not-so-recent-past, job seekers had to spend hours upon hours walking
around visiting companies and career consultants hoping to get a good job.
They had to pour over newspapers and job listings for hours and then call up
every prospective employer to ask for an appointment. But the advent of the
Internet has changed all that. Now one of the most effective and efficient
ways to look for a job is by using online career services. Unlike days past,
the new online job services offer comprehensive advice concerning
interviews, resume writing, and even career coaching – all at reasonable
prices, and some services are free of charge. (College
Recruiter)
Trust and Social Networking
Social networking on the web is hot. Many sites talk about trust. They tell
us something about trust in cyberspace—and about trust in general. Think
four archetypes: Zagat's, Amazon, eBay, and LinkedIn. (Trusted
Advisor)
$1m migrant site has just two job ads
A $1 million Government recruitment drive to link New Zealand employers with
skilled overseas migrants has attracted adverts for only two vacancies this
year: a nurse and a hairdresser. The Government admits that the website
NetworkZ Online is not up to scratch and is reviewing it. The Immigration
New Zealand website aims to attract skilled foreign workers to help ease the
country's skills shortage. (NZHerald)
Staffing Executives: Send this to your
boss
The world of job recruiting is changing at an ever faster clip. What are you
and your company doing keep up? In this first installment of a new weekly
series, we'll take a look at the factors causing a seismic change in the
recruitment process. (Itzbig)
Cynical and Grumpy Employees are Better
Problem Solvers
In a recent Justjobs.com post, How to Increase Your Creativity and Be
Promoted at Work, the theory is put forth from a Rice University study that
grumpy people are more creative problem solvers in the workplace. The study
hoped to determine why some people move up corporate ladders faster than
others and what traits distinguished those who advanced quickly from those
who advanced slowly or not at all. The post explains the study conducted by
Jing Zhou, a professor at Rice: (Insourced)
What are you doing about the baby boomers
retiring?
You might have heard that there are some troubling signs in the economy, the
global market sell-off, housing starts down. Yet what is Ben Bernanke most
concerned about? Baby Boomers retiring. The Chairman of the Federal Reserve
wants to know what you're doing about it. (Director
of Recruiting)
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