as reported by ere.net. LinkedIn is being viewed by many recruitment firms as the death knell for professional recruitment. An opinion that is not only popular, but understandable given the current job market, the reduction in recruitment spend and the undeniably growth of LinkedIn’s revenues and share price.
However, despite common belief, LinkedIn actually needs and in fact relies upon recruitment companies as they provide the lion share of their revenue! There is a shift in the behaviour of both clients and job hunters, but its not affecting professional recruitment companies, in fact its the job boards that are facing the biggest challenge. Examples of these are seen daily – look at Monsters share prices! Other job advertising sites have changed their pricing model to allow free access in order to keep user numbers up and remain competitive.
As targeting and effective interaction with candidates becoming the driving force behind recruitment advertising LinkedIn is more and more often being favoured over generic job boards.
LinkedIn has encouraged a change in culture where job hunters are accepting a public cv and all recruiters have access to the same pool of talent highlights the need for training and educating of consultants so that they accept LinkedIn as a tool rather than enemy. To read this article in full click here
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