Wednesday, August 7, 2013

Week 5 EOC: Social Networks and Job Hunting



                More and more companies are turning to Facebooks social network of almost 800 million subscribers to find new employees which in turn is threatening traditionally used job boards and job websites. Although the use of Facebook is still relatively small, it is growing rapidly. Facebook has been charging a few hundred dollars per posting and that's costing the recruiters most of their budget.
                 
               Waist Management Inc. gets most of its employees from its Facebook social-media careers website, which is beating out LinkedIn. The Texas based company is currently trying to fill 1,500 positions in all fields. From garbage truck drivers to software developers. In addition to its job postings and videos on its Facebbok page, they currently have recruiters and other employees seeking out user groups and join their discussions. When LinkedIn was asked for a comment on its earnings, they referred to CEO Jeff Weiner and he said users tell the company that they want to keep their personal and professional networks separate. If current growth trends continue, Facebook could end up rivaling traditional job boards in 2012, said Jobs2Web analytics manager Phil Schrader.
                
             Matt Mund, Monster.com's vice president of product management, acknowledged that Facebook as a recruiting platform is growing rapidly. The company which hosts multiple recruiter services, launched its own Facebbok app, called BeKnown and the application now has close to 800,000 monthly subscribers, says AppData.com, a market research group. Within the next month the company has plans to launch a program where companies can offer its employees cash rewards for any referrals through the application.
                 
            "While I wish every company used Monster, social is a solution that many people are using," he said.

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