Ok, maybe not so fast, but they are on their way out considering they are not innovating quick enough. Monster invested over $100m on their Power Resume Search which includes the acquisition of Trovix, that is a lot of dough just to search resumes! Now there are thousands of job boards powered by job board content management systems and the whole ecosystem revolves around the same premise: make people searchable in a database. What about relationships? Well, I guess that really doesn’t matter to the job boards in a world powered by social media? After all, the job boards are run by old school CEOs that won’t change until the cow stops producing milk and their board of directors forces them to. Of course, those CEOs just get a paycheck so they are not incentivized to stick their neck on the line and innovate when they could….drum roll please….fail, so its easier just stick with the status quo. As @MattAlder writes the job boards could own the market if they actually focused on the future, otherwise they risk going the way of the newspapers (down or extinct). Hit up the source link below for the complete article.
Source: Recruiting Future
Tags: applicant tracking system, career networking, employee referral program, employee referrals, job boards, refer candidates, referral recruitment, search engine optimization, sem, seo, talent communities, talent network
