Scratch that, Job Boards will die

by on July 22, 2010 in Article, Career Networking

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

More From Cachinko

Cachinko Recommends

Blog Margeting Related Posts Plugin For CachinkoAsk Cachinko To Recommend Your Posts Blog Marketing Related Posts Plugin Counter

Tags: , , , , , , , , , , ,

About Felipe Villasenor

View all posts by Felipe Villasenor →

Comment with Facebook

  • http://www.neonetcareers.com Fernando Bravo

    Good post. I’m not so sure job boards are on the decline, so much as that we are due for the next step in the evolution that began with the newspaper classifieds and today continues with the online job board. Indeed.com is aggregating job boards (something which very many sites attempted to do also, by not posting their own job ads, but instead those of others). CareerBuilder seems to be the job board that has the market cornered, which would make Indeed’s attempt to aggregate pointless, if they are not careful. And, Monster never had the edge that CareerBuilder had of being linked to the most newspaper classifieds in the country, and I therefore doubt they will ever catch up, unless they come up with something truly revolutionary. And that bring me back to your point about innovation. I agree; its time. As for your point about the de-personalization of the hiring process, yes, the internet gives employers greater access to far greater QUANTITIES of people in mass, which reduces the value of the individual candidate, but I believe this is only true during the application process, because, when its time to hire, the employer still has to sit down with the candidate and initiate a dialogue (interview, hire, etc.).

    • http://www.cachinko.com Felipe Villasenor

      Fernando:

      Monster never had the edge that CareerBuilder had, but they have stacks of cash. Monster bought HotJobs and Dice Holdings continues to grow through acquisition of other niche job boards. Job boards can’t significantly grow on their own, so they must grow by consolidating other job boards into their constantly collapsing empire – this is the only way they know to show share holders and venture capital firms their valuation can increase in the short term. The internet is an awesome medium for Employers and Job Seekers, but job boards are now losing their luster because Social Recruiting (LinkedIn, Cachinko, Facebook, etc.) solutions provide a better way to connect people to jobs. No need to listen to me preach, just look at the declining sales at all the major job boards over the past few years.

      -Felipe